Tagged: e-commerce

August 15, 2020 @ 6:23 pm By Omar Faridi  |  

StormX, which allows users to complete gamified micro-tasks or shop online while earning as much as 87.5% cryptocurrency back as a StormX rewards member, is now allowing customers to earn cashback in digital currencies when they shop at a Walmart store. StormX users will be… Read More

August 11, 2020 @ 9:42 am By Omar Faridi  |  

Facebook Inc. (NASDAQ:FB), which currently has a market cap of around $750 billion, employs over 52,000 workers, and generated over $70 billion in revenue last year, has introduced a new group to focus on payments and digital commerce opportunities. David Marcus, the co-creator of the… Read More

August 10, 2020 @ 9:13 pm By Omar Faridi  |  

An Israel-based AI technology firm is planning to help MUFG Bank, which is Japan’s largest financial institution, with assessing the operations of Asian startups in order to determine the feasibility of issuing loans to them. The $80 million 50-50 joint initiative between Tel Aviv based… Read More

August 10, 2020 @ 12:51 pm By Omar Faridi  |  

Strong Customer Authentication (SCA) testing performed by tech giant Microsoft reveals that consumers are actually leaving their planned purchases at relatively high rates when challenged at the time of checkout. SCA is a European regulatory requirement that aims to reduce or eliminate fraudulent activities and… Read More

August 6, 2020 @ 11:43 pm By Omar Faridi  |  

Splitit, an Australian Stock Exchange-listed (ASX:SPT) company that allows consumers to make payments in easy installments using their credit cards, has reportedly secured $71.5 million in capital through a private placement and share purchase agreement. Splitit is a Buy Now, Pay Later service provider that’s… Read More

August 5, 2020 @ 10:22 pm By Omar Faridi  |  

Southeastern Asian ride-hailing service, Grab, has extended its business into the financial services sector, by introducing a micro-investment platform, a third-party loan service, and also a “Buy Now, Pay Later” product for digital commerce sites. Introduced in August 2020, AutoInvest allows consumers based in Singapore… Read More

August 4, 2020 @ 9:23 am By Samantha Hurst  |  

    hey, a payments and e-commerce platform in Japan that helps businesses easily create bespoke online stores and process in-store cashless payments, announced on Tuesday it secured a Series E investment, which was led by Bain Capital Tech Opportunities with participation from PayPal Ventures, Goldman Sachs, YJ Capital, Anatole,… Read More

August 3, 2020 @ 7:20 am By Omar Faridi  |  

Fintech firm Become, an online lending platform for SMEs, notes that digital or e-commerce has been accelerated by about 4-6 years due to COVID-19 which has led to permanent changes in consumer behavior. Individuals and business owners are increasingly using all-digital services, instead of visiting… Read More

July 30, 2020 @ 8:56 pm By Omar Faridi  |  

Dr. R Seetharaman, the CEO at Doha Bank, says that cooperation between Qatar and Hong Kong in key areas such as digital commerce, supporting startups, and the development of Fintech platforms may strengthen bilateral relations between the two nations. Seetharaman, whose comments came during a… Read More

July 27, 2020 @ 9:17 am By Samantha Hurst  |  

European fintech Viva Wallet announced on Sunday it has joined forces with e-commerce platform WooCommerce to launch a free Pan-European native payments gateway solution. Viva Wallet claimed that Viva Wallet for WooCommerce is the only continuously expanding smart payment plugin addressing the needs of online… Read More

July 16, 2020 @ 10:25 pm By Samantha Hurst  |  

LendingPoint, a data and technology platform dedicated to democratizing credit and accelerating commerce,  announced on Wednesday the launch of its Lending Operating System (LOS), SDKn, which creates an instant consumer credit pre-approval platform for businesses of all sizes offering affordable financing options to the widest… Read More

July 12, 2020 @ 11:14 pm By Samantha Hurst  |  

The Sports Edit, a UK-based e-commerce retailer, has successfully secured its initial £650,000 equity crowdfunding target on Crowdcube. Launched in 2015, The Sports Edit describes itself as a multi-channel reticle that offers “carefully” curated selection of premium activewear and accessories. “Our whole team is passionate… Read More

July 3, 2020 @ 1:54 pm By Omar Faridi  |  

JD Digits, the Fintech-focused division of Chinese online marketplace JD.com, is reportedly planning to conduct an initial public offering (IPO) at China’s STAR Market, which is based in Shanghai. This, according to a filing submitted by several securities companies. As first reported by TechNode, the… Read More

June 29, 2020 @ 11:56 pm By Omar Faridi  |  

Manila has been ranked among the top 40 emerging startup ecosystems in the world, according to a new report. While neighboring Southeast Asian countries such as Malaysia and Indonesia are higher up on the list, the Philippines has seen steady growth and development in its… Read More

June 25, 2020 @ 1:05 pm By Samantha Hurst  |  

U.S. fintech Galileo Financial Technologies announced on Thursday the full launch of Galileo Instant, which is described as a frictionless solution for gig-economy, marketplace, e-commerce, fintech, and other businesses that want the speed and convenience of creating debit cards through a single point of contact…. Read More

June 24, 2020 @ 4:24 pm By Samantha Hurst  |  

Qupital, a Hong Kong-based trade finance platform, announced on Wednesday it has entered into an agreement with leading global e-commerce platform eBay as one of its officially recommended Hong Kong financing service providers. According to Qupital, the collaboration will enable the Asian fintech to provide “quality,… Read More

June 10, 2020 @ 1:41 pm By Samantha Hurst  |  

NS8, a U.S.-based online fraud detection and prevention for small-and-medium-sized businesses (SMEs), announced on Wednesday it secured $123 million through its Series A funding round, led by Lightspeed Venture Partners with additional backing from AXA Venture Partners. Founded in 2016, NS8 stated it safeguards online businesses… Read More

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