What is a border really worth in a world of digital payments? If Western Union’s recent focus on online money transfers in Europe is any indication, geopolitical boundaries in the region are a far cry from the Iron Curtain. Western Union has proven that with...
Far flung employees traveling hither and yon should no longer wait weeks to be reimbursed for expenses – and companies should not find out about errors after the fact. Here’s why real time expense management’s time has come, according to the co-founder of Abacus.
Once valued at around $1 billion, eCommerce startup Gilt has found its exit, a $250 million acquisition by Saks’ parent company, Hudson’s Bay Co. (HBC). Once on fire with growth based on its business model of limited-time offer sales of designer clothes, accessories and home...
Online fresh food grocer FreshDirect is teaming up with MasterCard to help enhance the online grocery shopping experience of its customers. Through the partnership, FreshDirect customers will now have the ability to utilize MasterCard’s digital payments platform, MasterPass, during the online and in-app payment process. MasterPass...
It’s rarely the first adopters that get credit when a new technology or service hits it big but rather the startups and entrepreneurs at the helm of the movement when it hits critical mass that become the face of the future. That can be disheartening...
It took about two years, but Amazon has managed to claim the throne in Indian eCommerce — for now. Amazon.in has become the most visited eCommerce site in India, an occasion Amazon is celebrating with a free gift voucher worth Rs 200 for any customer who...
China’s largest payment and clearing network (and until very recently, China’s only payment and clearing network), UnionPay, has teamed up with 20 lenders nationwide to offer its own mobile payments product. The move comes as UnionPay attempts to capture customers back from China’s ascendant mobile pay...
Consumers in the developed world tend to think of their financial systems as complex, particularly as compared to the developing world. And while that is not an entirely incorrect perception, it might just be a little bit skewed. When it comes time to pay in...
Though opinions vary as to whether tech companies and the venture capitalists that fund them are on track to keep activity afloat, at least one fund has been successful in raising interest and dollars in the tech realm. As reported by Bloomberg on Friday (Dec....
