After months of discussions and rumors that it was taking a less hostile stance on cryptocurrencies, the government of Prime Minister Narendra Modi re-introduced legislation Tuesday (Nov. 23) that would impose an outright ban on digital currencies. If the “Cryptocurrency and Regulation of Official Digital...
Dublin-based tax automation startup Fonoa has raised $25 million in a funding round, which the company plans to use to expand businesses’ tax compliance, according to a company blog post Monday (Nov. 22). Fonoa’s services offer an application programming interface (API) that lets companies analyze...
In today’s top Europe, Middle East and Africa news, Ericsson acquires Vonage in $6.2bn stock deal, and the U.K. leads the EU in driving global growth in the HealthTech sector. Plus, why Dutch firm Booking.com has made payments a strategic priority, Polish consumers embrace open...
The United Nations wants to help prop up the banks of Afghanistan as there has been an increase in people who can’t pay back their loans, along with lower deposits and a cash liquidity crunch, a Monday (Nov. 22) Reuters report says. Without intervention, that...
Big Indian companies have been buying stakes in homegrown designer brands to scale them up and go more global, BBC writes. This could lead to a near future in which the luxury retail market is a more mature entity. There are several examples, including Reliance’s...
Vietnamese B2B eCommerce platform Buy2Sell on Friday (Nov. 19) announced its sales in the first half of the year have tripled year-over-year to $24.5 million, led by food, cosmetics, home appliances and other fast-moving consumer goods. Through the first three quarters of the year, Buy2Sell...
The global health crisis led to a dramatic rise in digital transactions across Latin America, turning the region into the second fastest-growing eCommerce market worldwide — with sales grossing $200 billion in 2020. Approximately 52 million Latin American consumers were projected to head online to...
In today’s top Europe, Middle East and Africa news, German digital bank N26 is shutting down U.S. operations, and a Visa-Amazon U.K. spat puts interchange rates back in the spotlight. Plus, Dutch firm Nedap launches a cloud-based loss prevention tool, Kohl’s partnership with Sephora starts...
Latin American consumers are shopping more online, but marketplaces that want to gain their trust, loyalty and business need to do more than offer them products to buy. In the inaugural Global Merchants’ Guide To Latin America, Camilo Riveros, director of innovation for eCommerce merchant...
