Tagged: digital commerce

June 29, 2021 @ 6:13 am By Omar Faridi  |  

DIGITEC, the international standard for carrying out foreign exchange (FX) Swaps and NDF pricing and data, reveals that it has established a new London office, which will be led by Stephan von Massenbach who joins the company as MD, Chief Revenue Officer. Part of DIGITEC’s… Read More

June 28, 2021 @ 7:39 am By Omar Faridi  |  

The spin-off of Fintech firm Tinka, a deferred payments provider, has initiated a new phase in the digital and business transformation of former Wehkamp Finance. Tinka aims to simplify customer purchases with deferred payment options and also by offering installment plans for retailers based in… Read More

June 27, 2021 @ 7:59 pm By Omar Faridi  |  

Paxful, a globally accessible peer-to-peer marketplace supporting transactions with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), reveals that its digital commerce solution has been allowing businesses and individuals to seamlessly receive and send payments. Paxful now supports nearly 400 different payment methods on its platform…. Read More

June 19, 2021 @ 9:36 am By Omar Faridi  |  

Universal and streamlined shopping app nate has secured $38 million in capital through a Series A round led by Renegade Partners, along with contributions from Forerunner Ventures and existing investors Canaan Partners and Coatue Management. nate’s Series A has been finalized a year after the… Read More

June 15, 2021 @ 8:31 pm By Tony Zerucha  |  

Elevated Returns‘ portfolio company XSpring Capital formerly known as Seamico Securities, has secured fundraising of $225 million USD through a partnership with Sansiri, Viryah Insurance, and local private investor Mongkol Prakitchaiwattana. Xspring Capital says it will use the funds to build its fully integrated financial… Read More

June 14, 2021 @ 3:41 pm By Omar Faridi  |  

The European Banking Authority (EBA), a regulatory body of the European Union that’s headquartered in Paris, released a report, earlier this week, on the data offered by payment service providers (PSPs) on their readiness to apply strong customer authentication (SCA) for the set of payment… Read More

June 10, 2021 @ 6:59 am By Omar Faridi  |  

Worldline (Euronext: WLN), the European leader in payments and transactional services firm, has teamed up with Microsoft (NASDAQ: MSFT) in order to integrate Dynamics 365 Fraud Protection into Worldline’s digital commerce payments solution. Online fraud has increased considerably during the COVID-19 crisis and resulting economic… Read More

June 7, 2021 @ 12:56 pm By Omar Faridi  |  

Lightspeed (TSX: LSPD) (NYSE: LSPD), the “one-stop” commerce platform for merchants across the globe to “simplify, scale and create exceptional customer experiences,” revealed on Monday (June 7, 2021) that it has entered into definitive agreements to acquire two “global leaders” in digital commerce. After the… Read More

June 7, 2021 @ 8:15 am By Omar Faridi  |  

PayAlly, a fully integrated payments ecosystem for small businesses, is reportedly using Banking Circle solutions to enhance its multi-currency B2B cross-border payments platform. Through the partnership, PayAlly will be able access a wider range of payment channels via the Banking Circle super-correspondent banking network. This… Read More

June 5, 2021 @ 7:42 pm By Omar Faridi  |  

Austin-based AppBrilliance, a payments tech firm, recently announced its strategic vision with its latest Money API-enabled, Push-To-Business (P2B) payments model, which aims to replace the traditional model and will try to shift power back to the merchant (when it comes to extra transaction fees). AppBrilliance… Read More

June 4, 2021 @ 6:10 pm By Omar Faridi  |  

EVO Payments, Inc. (NASDAQ: EVOP), a multinational provider of payment tech integrations and acquiring solutions, recently revealed that it has entered into an agreement to acquire Pago Fácil, a digital commerce payment platform in Chile. The deal will be carried out in partnership with its… Read More

May 31, 2021 @ 3:55 pm By Omar Faridi  |  

Financial technology companies UP Fintech (NASDAQ:TIGR), an Asian online brokerage firm focusing on global investors; Sea, a digital commerce business; Huobi Technology, a blockchain-focused company; and Razer, a multinational gaming and financial services provider, were among the firms that have been added to the MSCI global indexes… Read More

May 31, 2021 @ 1:43 pm By Omar Faridi  |  

Abu Dhabi-based PayBy, a payments startup, has teamed up with Al Maya Group in order to offer the latter with secure, contactless payment options across 49 of its supermarkets in the United Arab Emirates (UAE). When shopping at Al Maya supermarkets, customers will be able… Read More

May 28, 2021 @ 7:44 am By Omar Faridi  |  

Checkout.com, a Cloud payment provider, revealed on Thursday (May 27, 2021) that it has  established a business office in Barcelona, in order to serve as its headquarters for operations across Southern European markets. Key markets for Checkout.com will include Spain, Portugal, Italy and Greece, the… Read More

May 21, 2021 @ 10:12 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) will be postponing the implementation of strong customer authentication (SCA) rules by another 6 months in order to minimize disruption for individual consumers and merchants. First scheduled for release in September 2019, the SCA guidelines – which require a… Read More

May 21, 2021 @ 8:02 pm By Omar Faridi  |  

For many digital commerce platforms, ACH payments debited directly from customer bank accounts offer a more affordable and accessible alternative to traditional credit cards. Although cards may expire and can also go missing, account and routing numbers for ACH payments tend to be more permanent,… Read More

May 14, 2021 @ 12:37 am By Omar Faridi  |  

Global financial infrastructure provider, Banking Circle, has reportedly joined the P27 Nordic payment initiative as a “front-runner” bank in developing “bulk-clearing” for the Danish Krone, “underlining its commitment to building a global payments infrastructure.” P27 has been recognized as an important initiative to address the… Read More

May 12, 2021 @ 7:18 pm By Omar Faridi  |  

Engage People, which claims to be the only loyalty network that allows program members to pay with points “directly at checkout,” is reportedly expanding its operations  – and recruiting new talent. At present, Engage People has over 25 job openings across North America. The company… Read More

May 9, 2021 @ 11:17 pm By Omar Faridi  |  

Australia-based Buy Now, Pay Later (BNPL) Fintech firm Zip Co has reportedly decided to expand its global operations. Zip has received a strategic investment in TendoPay, a BNPL service provider operating in the Philippines. This latest investment marks Zip’s initial steps into Southeast Asia, which… Read More

April 21, 2021 @ 9:48 pm By Omar Faridi  |  

Chargebee, a subscription billing and revenue management platform, revealed on Tuesday (April 20, 2021) that it has closed a fresh round of $125 million in series G funding. Chargebee‘s round was co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture… Read More