B2B eCommerce platform DHgate is reportedly considering the creation of several incubation centers across Asia to promote the expansion of small business trade. A press release Thursday (July 26) said DHgate proposed the development of such incubation centers in an effort to upgrade the company’s...
The biggest investment news of the week came on Thursday (July 26), when cross-border B2B payments company Flywire announced an impressive $100 million funding round. But it wasn’t the only – or even the largest – B2B startup to secure funding. In fact, the work-sharing...
Europe and the U.K. solidified their reputations as having progressive views on data security and ownership with the PSD2 and GDPR regulations that came into effect earlier this year. Elsewhere in the world, countries are looking toward PSD2 and GDPR to consider adopting similar rules in...
United Nations (UN) chief António Guterres has warned staff and member states that it is running out of cash. In a letter, he urged countries to pay what they owe as soon as possible, according to Reuters. Get the Full Story Complete the form to...
Walmart has announced that Capital One will become the exclusive issuer of Walmart’s credit card and co-branded credit card program in the U.S. The partnership will begin Aug. 1, 2019. “Walmart and Capital One share a common goal of transforming the way they serve customers...
The Venezuelan government said it will knock five zeros off its currency — the bolívar — instead of the three it had planned. According to Financial Times, the decision is a move to keep up with hyperinflation, which the International Monetary Fund (IMF) predicts will...
The definition of a really good day: Raise $100 million led by a company that not only has obviously deep pockets, but a deep presence in a vital part of the world for payments and the digital economy. That really good day was enjoyed by...
Paytm, a digital payment company out of India, said Thursday (July 26) that it didn’t share user data with investors or any foreign entities just one day after a member of Parliament, Narendra Jadhav, argued Alibaba’s stake in the company was a “very serious threat...
Welcome to the Five at Five your late look at the payments and commerce news of the day. Coverage includes Equifax reporting second quarter earnings, Walmart promoting the baby market and JCPenney targeting moms. Also, Flywire raises $100 million and Venmo books more than $14 billion in...
