Tagged: e-commerce

June 2, 2020 @ 1:33 am By Omar Faridi  |  

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

May 27, 2020 @ 7:27 am By Omar Faridi  |  

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

May 20, 2020 @ 2:30 pm By Omar Faridi  |  

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

May 19, 2020 @ 11:09 pm By Omar Faridi  |  

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

May 9, 2020 @ 4:26 pm By Omar Faridi  |  

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

May 7, 2020 @ 9:56 am By Omar Faridi  |  

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

May 5, 2020 @ 7:56 am By Omar Faridi  |  

  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

April 30, 2020 @ 11:50 am By Samantha Hurst  |  

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

April 20, 2020 @ 1:17 am By Omar Faridi  |  

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

April 9, 2020 @ 8:23 am By Omar Faridi  |  

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

March 31, 2020 @ 8:08 am By Omar Faridi  |  

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

March 28, 2020 @ 7:59 pm By Omar Faridi  |  

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

March 23, 2020 @ 9:48 pm By Omar Faridi  |  

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

March 23, 2020 @ 12:35 pm By Samantha Hurst  |  

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

March 19, 2020 @ 11:02 am By Samantha Hurst  |  

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

March 18, 2020 @ 7:26 am By Omar Faridi  |  

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

March 9, 2020 @ 11:06 am By Samantha Hurst  |  

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

February 28, 2020 @ 4:29 pm By Omar Faridi  |  

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

February 19, 2020 @ 3:18 pm By Omar Faridi  |  

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

February 18, 2020 @ 11:11 am By Samantha Hurst  |  

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