Tagged: e-commerce

UAE’s Fintech Rise Partners Pakistan’s HomeShopping.pk to Offer New Buy Now Pay Later Services to Overseas Pakistanis

United Arab Emirates (UAE)-based Rise, a Fintech firm that offers various financial services to low-income migrants in the Middle East region and recently acquired $1.4 million in capital for ongoing development, has partnered with Pakistani e-commerce firm HomeShopping.pk. Through the partnership, the companies will launch… Read More

UK Fintech SumUp Launches Payment Tools to Help Businesses Conduct Operations while Observing Social Distancing Measures Due to COVID-19

UK-headquartered payments service company SumUp has launched an online payment tool to help businesses conduct operations while observing social distancing measures, following the COVID-19 outbreak. As noted in a release shared with CI, SumUp’s latest solution is part of the Fintech firm’s efforts to enter… Read More

Igal Rotem: Founder of Fintech Credorax Discusses Business Continuity Plans During COVID-19 Crisis

The economic downturn due to the Coronavirus (COVID-19) has led to small businesses re-evaluating their operations and business plans, in order to survive during these challenging times. Fintech firms and digital banks have been forced to lay off their employees as they try to cut… Read More

Digital Transformation Report: US Consumers were Already Shifting to Mobile, Online, Contactless Payments Before COVID-19

The COVID-19 outbreak has led to significant changes in consumer behavior globally as many people throughout the world are now working remotely from home. Analysts are now questioning whether the behavioral changes are actually permanent or fundamental shifts that will last even after the Coronavirus… Read More

Fintech ETFs Record Significant Gains as Consumers Stay Home and Shop via Digital Commerce Platforms

As US residents continue to stay home, due to lockdowns following the COVID-19 outbreak, many consumers have been purchasing products and services from online merchants (instead of visiting physical store locations). A significant increase in e-commerce activity has led to the adoption of the latest… Read More

German Fintech Finleap’s Proprietary Platform, Finleap Connect, Introduces White Label Mobile Banking App for E-commerce Businesses

German Fintech Finleap‘s proprietary platform, Finleap Connect, has introduced a white-label mobile banking app that businesses can quickly launch with their own company name and  branding. Finleap’s virtual banking app allows users to maintain an all-digital account, which may be used to conduct e-commerce transactions… Read More

Touch-Free Shopping and Contactless Payments Increasingly Being Adopted by Consumers Due to COVID-19: Report

  Touch-free shopping and contactless payments are being increasingly adopted by consumers across the globe, in order to prevent the further spread of the deadly Coronavirus. Many consumers have been trying to avoid ATMs that require users to manually enter their PINs, according to a… Read More

African Fintech Flutterwave Unveils SME E-Commerce Portal “Flutterwave Store”

Flutterwave, an African fintech firm, announced this week the launch of its new e-commerce platform “Flutterwave Store.” The platform was created for African merchants to create digital shops to sell their products online. According to Flutterwave, the Flutterwave Store allows merchants to upload products, set… Read More

Lithuania-based Fintech Genome to Waive All Monthly Account Fees, will Serve Low-Risk Customers During Coronavirus Pandemic

Lithuania-based Genome, a Fintech firm that provides a financial ecosystem to support individuals and businesses, will be helping companies process their e-commerce transactions. The Fintech company will be opening a business account for low-risk businesses that are currently using the Genome platform. It will also… Read More

COVID-19 Relief Efforts: UK-based JudoPay, a Mobile-First Payment Platform, to Participate in #KeepBritainMoving Initiative

UK-based JudoPay, a mobile-first payment platform, has confirmed that it will be taking part in the #KeepBritainMoving initiative, which has been launched in response to the economic uncertainty resulting from the Coronavirus (COVID-19) outbreak. JudoPay is planning to support UK-based SMEs during these challenging times…. Read More

Poland’s National Payments Processor, KIR, Partners Cryptomathic to Allow Residents to Sign Documents Remotely Following Coronavirus Outbreak

KIR, the national payments processor in Poland, has partnered with Cryptomathic in order to allow the country’s residents to sign documents electronically (and remotely), following the deadly Coronavirus (COVID-19) outbreak. The eIDAS-certified remote qualified e-signature service (QES) allows Poland’s citizens and firms based in the… Read More

Fintech: Bulgaria-based Payment Companies, Paynetics and phyre, Secure Millions of Euros in Funding

Bulgaria-based payment companies, Paynetics, and phyre, have both finalized investment rounds, which were led by the Bulgarian American Credit Bank and VC New Vision 3. Paynetics, which secured €2.5 million in funding, and phyre, which acquired €1.55 million in capital, were both established by Bulgarian… Read More

Coronavirus Response: Qatar-based Fintech for SMEs, QPAY International, to Reduce Point of Sale Transaction Rates by 50%

QPAY International, which is listed as a member of the NEXXO Network, a Fintech firm based in Qatar that provides services to more than 15,000 local small and medium enterprises (SMEs) and over 250,000 low-income workers, is reducing its point of sale (POS) prices by… Read More

African E-Commerce Platform Jumia Now Offering Support For Marketplace, Logistics, & Online Payments to Governments in Africa During COVID-19 Outbreak

Jumia, a Nigeria-based e-commerce platform, announced on Friday it is offering support for marketplaces, logistics, and online payments to governments in Africa as part of the global action against the COVID-19 outbreak. Founded in 2012, Jumia offers e-commerce services through its marketplace, logistics, and JumiaPay…. Read More

Wirecard Announces E-Commerce Offering Expansion For WeChat Pay; Enables European Merchants Access to Chinese Market

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has expanded its e-commerce offer for Chinese online shoppers by integrating with payment method WeChat Pay. Wirecard reported that the solution is ideal for European merchants seeking to enter the Chinese market…. Read More

Reserve Bank of India’s New Guidelines for Payment Aggregators May Increase Number of Digital Commerce Transactions

The Reserve Bank of India (RBI), the nation’s central bank, has announced that it will be lowering the capital requirements for payment aggregators. This move may further increase the number of digital transactions carried out in the country. The RBI noted in a statement published… Read More

Allied Wallet Brings Blockchain Payment Technology to India

Online payment processing provider Allied Wallet announced on Monday its new plans to bring blockchain technology to India’s e-commerce market. Allied Wallet reported that it and its Founder Andy Khawaja have supported India’s e-commerce growth for many years and now aim to bring their e-commerce… Read More

UK’s Digital Commerce Market to be Valued at $412 Billion by 2023: Report

Worldpay from FIS’s has published its 2020 Global Payment Report which notes that the United Kingdom’s digital commerce market is on track to be valued at £319.8 billion (appr. $412 billion) by 2023.  The substantial growth in e-commerce is being driven by rising online sales… Read More

UK-based Fintech Axept Introduces Strong Customer Authentication Compliant Payment Method, Uses Contactless Payments Cards for E-Commerce Transactions

UK-based Fintech company Axept has unveiled a Strong Customer Authentication (SCA) compliant payment method, which uses contactless payments cards for settling e-commerce transactions. Axept’s new solution does not require users to type in their card details, usernames, passwords or sign up while purchasing items. If… Read More

Asian E-Commerce Software Developer Credify Secures $1 Million Through Seed Investment Round Led By BEENEXT & DEEPCORE

Credify, a Singapore based software development company offering Universal Identity and Trust System solutions to e-commerce and financial services companies, announced on Tuesday it raised $1 million through its latest seed investment round, which was led by venture capital funds BEENEXT and DEEPCORE. Founded in… Read More

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