Ping An Group, one of the largest insurance players in China, invested USD 5 M in USD-30m-fourth-round financing of Payoneer, an online payments firm that facilitates cross-border payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Online to offline (OTO) retail start-up Bindo has just taken in $1.8 million is an oversubscribed seed funding round. The company offers an iPad Point of Sale (POS), or checkout system that allows merchants to manage inventory and customer relationships through a cloud-based payment platform....
A dramatic shift is underway in the currency U.S. companies use to trade internationally, especially with China, new data show. Increasingly, U.S. firms are settling trades in China’s renminbi instead of the U.S. dollar. Though the U.S. currency still dominates trade in the China/Hong Kong...
The France-based e-commerce company Cnova NV filed an IPO last week. Cnova’s annual e-commerce sales hit $5.63 billion – mainly in France and Brazil – and the company added that it plans to raise as much as $100 million in new working capital. Get the...
A report by Gartner shows the challenges for banks of managing multiple apps. Issues arise, as consumers are not able to find apps or aren’t informed about them. In order to solve these problems two solutions are available. Get the Full Story Complete the form to unlock...
The UAE Banks Federation with the support of the Central Bank launched an m-wallet project, which is set to go live in 2015. It will be the first m-wallet backed by a bank federation. Get the Full Story Complete the form to unlock this article...
The immediate payment service of India, launched in 2010, reached 59.2M mobile users in April 2014 (+19.3% y-o-y growth). 60 banks have already signed for the service while 71.22% of mobile users came from top five banks. The amount of transactions saw an 8.5x increase...
MasterCard announced earlier this week that it has a cashless rollout initiative planned that could reduce cash transactions in Nigeria by 70 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Zimbabwe-based Edgetech Solutions is set to launch an m-payment service that uses sound-based communication technology in smartphones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
