Small-business point-of-sale products can come from unexpected places — but from a Human Resources conglomerate based in Japan? That’s the improbably source for a rapidly growing POS product, according to Tech in Asia. The $2 billion conglomerate is Recruit, a privately held Tokyo-based company whose...
Chinese e-commerce giant Alibaba and its financial-services affiliate have agreed to invest $575 million to jointly in India’s One97 Communications Ltd.’s online-payment and marketplace businesses, sources familiar with the matter told The Wall Street Journal. The deal, if it goes through, would give Alibaba and Zhejiang...
Lalamove, an Uber-like service for transporting goods across cities in China and southeast Asia, has raised $10 million to expand beyond the six cities where it already operates, TechCrunch reported on Monday (Jan. 5). The Series A round was led by China’s Crystal Stream Capital...
While the movie “The Interview” — the gross-out comedy that apparently triggered a massive cyberattack on Sony Pictures by North Korea — earned $15 million in its first weekend of online distribution, there’s been another “Interview”-related payday as well: A mobile app pretending to download the...
America’s greatest musical treasure Elvis Presley once sang that what he needed was “a little less conversation, a little more action,” a motto that the team at Mozido seems to have taken to heart. In a year-ending surprise, the Austin-based cloud platform mobile payments and...
Global payments vendor Adyen on Tuesday (Dec. 16) said that it has closed $250 million in new funding, led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures. “Adyen is at the forefront of a rapidly globalizing...
No payment card company in Korea is currently developing its own tokenization system, and that has some in the Korean retail and financial industries worried, Business Korea reported. While Korean issuers Shinhan Card and BC Card can currently deliver a “somewhat similar” technology that creates...
Walmart’s China operations are running into internal resistance as the chain tries to embrace very Web- and mobile-friendly shoppers in China. “As E-commerce spreads in China, Wal-Mart faces mounting pressure to adjust its business approach as well as update attitudes. So far, though, the company...
According to a new reports from iResearch, Tenpay, the payments arms of Chinese web giant Tencent, had a 20 percent share of the online payments market as of Q3 2014. Their main rival Alipay, owned by Alibaba, still has a commanding lead of payments online in...