eCommerce platform Jumia is closing its Dubai office to cut costs and focus on Africa. The move comes a little less than a month after the departure of founders Sacha Poignonnec and Jeremy Hodara, and is happening as the company takes on a larger series...
In its 51 years of existence, the UAE has emerged as a regional superpower. This Friday (Dec. 2), as the United Arab Emirates (UAE) celebrates National Day, the country’s leaders and businesses have been highlighting efforts to grow the knowledge economy. While each of the...
Kenyan payment company Cellulant is branching into the South African market. Cellulant Chief Business Officer Sike Bamisebi discussed the firm’s regional expansion plans in a Thursday (Dec. 1) Bloomberg report. The firm plans to enter the South African retail realm, she told the news outlet,...
The cost of staying in business on the global stage is getting tougher to shoulder. Especially for the small and medium-sized businesses (SMBs) that power the global economy. The great digital shift has brough with it a paradox. Technology has leveled the playing field across all...
Latin America is a burgeoning market for eCommerce, with a recent report pegging its value at $382 billion, representing a 35% growth from 2021. Some experts are even projecting a 25% growth in volume between 2021 and 2025, including B2C commerce, cross-border purchases, travel and digital goods, for a...
Local FinTech wallets are a key part of the Asia-Pacific (APAC) eCommerce ecosystem. Whether Alipay in China, Paytm in India, Kakao Pay in South Korea or Rakuten in Japan, shoppers are accustomed to using local wallets to transact in their everyday lives. So why do...
The digital nomad trend is booming as the list of attractive destinations is expanding. Armed with laptops and wanderlust, these modern-day working travelers have the potential to help stimulate economies and provide a valuable source of income during tourist off-seasons. In this article, PYMNTS reviews...
PYMNTS talks with Karen Bruck, vice president of commerce and strategic initiatives at Mercado Libre, about the unique opportunities and challenges in Latin American eCommerce. — Latin America’s eCommerce market is expanding rapidly, especially as the pandemic has radically altered consumers’ shopping habits. Brick-and-mortar shopping was previously the name of the game,...
Swift says sign-ups for its cross-border payments service have tripled since its 2021 launch. Swift Go, “which brings speed, transparency, and certainty” to payments of less than $10,000, is now used by more than 500 banks in upwards of 120 countries, the global financial messaging...