Tagged: digital commerce

Checkout.com Is Again Most Valuable European Fintech After Securing $450 Million in Capital via Series C Round

Checkout.com, an established payments company, has again managed to become the highest-valued Fintech business in Europe after finalizing a huge $450 million Series C investment round. The Fintech firm has been able to triple or 3x its valuation for the second time and is currently… Read More

Southeast Asia Region Experienced Significant Digital Commerce Growth and Online Payments Adoption by Consumers: Report

The economies of Southeast Asian countries performed quite well in 2020 despite the COVID-19 outbreak and related challenges. The Asian Development Bank (ADB) has projected a contraction of 3.8% for the region during 2020, which doesn’t seem too bad when compared to the Eurozone’s at… Read More

Digital Payments in Saudi Arabia Surged 75% YoY as Consumers Began Shopping Online More Frequently due to COVID

Digital payments in Saudi Arabia surged by 75% last year, as consumers increasingly began shopping online following the COVID-19 outbreak. Meanwhile, cash withdrawals from ATMs and other payment points declined 30% during the same time period. Point of sale (PoS) refers to a location where… Read More

Indian Digital Commerce Unicorn Udaan Secures $280 Million in Capital via Series D Round

India’s B2B digital commerce platform Udaan has secured $280 million in funding via its extended Series D investment round from new and existing investors. Octahedron Capital and Moonstone Capital are listed as new investors. They’ve joined Udaan’s existing backers which reportedly includes Altimeter, DST Global,… Read More

Digital Transformation: Many More Consumers in Saudi Arabia are Using Online Platforms following COVID Outbreak, Industry Exec Reveals

The digital commerce sector in Saudi Arabia has undergone a major (digital) transformation and there have been noticeable changes in consumer behavior, particularly when it comes to using online platforms in a post COVID world. Ibrahim Mohammad Al-Saad, Founder of Ajda, has stated that the… Read More

Remote Payments are Expected to Increase Over 66% by 2025, which Means Chargebacks will Surge As Well, Verifi Reveals

Los Angeles based Verifi, a company that claims it has been leading the dispute management and payment protection sector for sellers and issuers since 2005, reveals that remote purchasing has seen “great advances” in automated fraud protection and authentication. Verifi is bringing automated dispute protection… Read More

Digital Banking: Fintech Unicorn Revolut’s Customers Spent 2.6x More on Online E-Commerce than On In-Store Purchases

Digital bank Revolut notes in its end of year review that “it goes without saying that 2020 has been a year like no other.” It has definitely impacted all our lives, including how we spend our money and the way we save, the Fintech firm… Read More

Fintech Firm Katapult to go Public via Planned Merger with SPAC FinServ, Deal Values Company at $1 Billion

Fintech firm Katapult is planning to go public through a merger with SPAC FinServ. The transaction would value the firm at approximately $1 billion. According to a release, Katapult Holding Inc. is preparing for an IPO after the digital commerce Fintech revealed on December 18,… Read More

Alon Rajic: Co-Founder at Israel’s Finofin Ltd Discusses Fintech Trends and Impact of Brexit on Global Money Transfer Business

The COVID-19 pandemic reshaped consumer mentality and habits, especially as it relates to people’s financial needs. But it remains unclear what new habits born out of necessity are here to stay and what will vanish as the pandemic grinds to an eventual halt. We recently… Read More

Nasdaq Listed Future Fintech Group Appoints Ming Yi as its New CFO, Company to Focus on Challenger Bank Business

Future Fintech Group Inc. (NASDAQ: FTFT), an established blockchain-enabled, digital commerce firm and a service provider for financial technology, has reportedly appointed Ming Yi as its new Chief Financial Officer (appointment effective as of November 30, 2020). Jing (Veronica) Chen has resigned from her role… Read More

UK’s Paymentology, a Digital Payments Tech Solutions Provider, to Offer Services in the UAE and other Middle Eastern Countries

UK-based Paymentology, a payment tech solutions provider, is reportedly working with banks and financial institutions based in the UAE and the Middle East in order to offer digital payments services. Paymentology claims that its payment services will change and improve the way customers conduct transactions… Read More

BTCPay Server Expands its Ability to Bring Bitcoin’s Values to Digital Commerce with Shopify Integration

BTCPay Server, a self-hosted, open-source digital currency payment processor that claims to be secure, private, “censorship-resistant” and free to use, recently expanded its ability to bring Bitcoin’s (BTC) values to global digital commerce with a Shopify integration The BTCPay Server team, which is one of… Read More

E-Commerce Fraud Prevention Solution Provider Forter Secures $125 Million via Series E Round at $1.3 Billion Valuation

Forter, an established e-commerce fraud prevention solution provider, has secured $125 million in capital through a Series E investment round. Forter’s latest round was led by Bessemer Venture Partners, Felix Capital and Itai Tsiddon. Sequoia Capital, NewView Capital, Scale Venture Partners, March Capital Partners and… Read More

Checkout.com Data Reveals Digital Payments in MENA Region and Pakistan have Nearly Doubled after COVID

A report released earlier this week by Checkout.com reveals that digital commerce and online payments are on track for major growth next year. Internal Checkout.com data indicates that digital payment transfers have almost doubled in the MENA region since the beginning of the COVID-19 outbreak…. Read More

Indonesia’s Social Security Program Provider, KMSB, Partners Logiq to Offer Microlending Services to Local Residents

Logiq, Inc., a multinational provider of digital commerce and Fintech solutions, has been chosen to offer mobile micro-lending services to 48 million Indonesian residents. The loan services will be provided through a partnership between Logiq and Koperasi Mona Santoso Berjaya (KMSB), which is Indonesia’s social… Read More

Blockchain based Digital Commerce Services Are More Affordable and Accessible than Centralized Solutions, According to Daniel Dabek from Safex

We recently connected with Daniel Dabek, the Executive Director and Chief Software Architect at the Safex Foundation, an organization supporting blockchain-focused e-commerce solutions. Dabek explained how Safex aims to “democratize” the digital commerce engine by leveraging blockchain technology. He believes that distributed ledger technology (DLT)… Read More

Money Transfers via Fintech Platforms have Surged due to Increased Adoption of Digital Banking in the US: Report

The transactional value of the US Fintech market is expected to increase at a compounded annual growth rate (CAGR) of 8.6% over the forecast period of 2019-2024, according to a new report. The report from Industry Research states that Fintech is beginning to transform the… Read More

Alliance Data Agrees to Acquire Buy Now Pay Later Firm Bread in a $450 Million Stock and Cash Deal

Alliance Data (NYSE: ADS), an established payments, marketing, and loyalty company, has reportedly agreed to a $450 million stock and cash acquisition of Bread, a popular Buy Now, Pay Later (BNPL) firm. According to a release, the transaction is valued at around $450 million, of… Read More

Digital Commerce and Fintech Platforms with Experience-Centric Models Enable “Long-Term Value Creation”: Report

Digital commerce platforms with experience-centric models are attractive to investors because of their focus on “long-term value creation,” according to a report from KPMG. Other businesses are also taking advantage of the benefits of experience-centric models, including ridesharing apps, media channels, Edtech companies, healthcare service… Read More

Indian Consumer Lending Fintech ZestMoney to Offer Affordable Payment Options to Consumers Buying Apple Products

Lizzie Chapman, CEO and Co-Founder at ZestMoney, which claims to be one of India’s fastest-growing Fintech businesses, has confirmed that the company has teamed up with Apple (NASDAQ:AAPL)  to “drive affordability” in India. Chapman noted: “Until now Apple products were relatively unaffordable for the mass… Read More

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