Connected commerce platform Zbooni has brought its services to Egypt, where the company said it will provide digital commerce tools to the 33.5 million small- to medium-sized businesses (SMBs) in the North African nation, according to a Wednesday (Feb. 16) press release. Connected commerce —...
“Societies aren’t fully tapping their potential if they’ve got half of the population on the sidelines.” That statement by Wendy Teleki, head of The Women Entrepreneurs Finance Initiative (We-Fi) Secretariat at the World Bank, is a direct reference to women, and particularly women-owned small and...
In today’s top Europe, Middle East, and Africa news, the FinTech firm PayU has introduced credit payments in Romania; Voilà, a Berlin-based app that connects consumers with fine dining at home, closed on a $10 million funding round. Plus, B2B accounts receivable automation and integrated...
Logistics and fulfillment platform Shiprocket is acquiring a majority stake in supply chain solutions startup Glaucus with a merger agreement on the table for undisclosed terms, according to a Monday (Feb. 14) report from The Economic Times. Shiprocket co-founder and CEO Saahil Goel said the...
Russian lender Sberbank on Tuesday (Feb. 15) announced plans to shake up its management team, as well as its intention to launch an eCommerce holding company as part of its plan to diversify its offerings beyond financial services. Sberbank has been developing its non-financial businesses...
Justin Trudeau, Canada’s prime minister, is using his emergency powers to cut the flow of money to the trucker protests opposed to his vaccine mandate, Bloomberg reported Monday (Feb. 14). Banks will now have to review their relationships with those involved in the blockade and...
In today’s top Europe, Middle East and Africa news, the U.K.’s Competition and Markets Authority (CMA) fined retailers JD Sports and Footasylum $6 million for sharing commercially sensitive information, and Spain’s BBVA bank upped its stake in digital bank Neon with a $300 million investment. Plus, stricter...
Improved financial services are top-of-mind for many families and individuals in Latin America, and online banking forms the core of many financial institutions’ (FIs’) strategies to deliver these services. A recent survey found that approximately 90% of bank customers throughout the region leverage some form...
Banco de Sabadell will be looking into selling its payments business, Bloomberg reported Friday (Feb. 11), citing anonymous sources. The Spanish banking group is looking into this with an adviser, and the report said it might get somewhere between €250 million to €350 million ($284...