The brainchild of two former Amazon executives founded in 2007 saw this newest massive cash injection come from existing investors – including Tiger Global Management – working with new backers: Singapore sovereign–wealth fund GIC and Morgan Stanley Investment Management. The company claims that goods worth...
Flipkart, India’s answer to American style eCommerce founded by two former Amazon employees, had almost 24 hours to enjoy their extremely lucrative billion dollar funding round before Amazon showed up to trump their announcement. Amazon is making its stand in India now it seems,...
Users of travel technology provider Amadeus will soon have a new payment option open for completing bookings. The two companies have announced a strategic collaboration to integrate Alipay into the Amadeus Payment Platform (APP). As a result of the team-up, Amadeus’ travel providers will...
The English have spoken and it seems that they have spoken out in favor using biometric indentification as a primary identifier when it comes to securing banking services. This insight comes from a Intelligent Environments survey that indicates almost 80 percent of British banking users...
Dutch consumers—and tourists visiting the Netherlands—can now pay with PayPal when they are out on the go a seized by a sudden desire to stop for pancakes. PayPal has partnered with Rabobank Bank-backed MyOrder to allow PayPal users to preorder and purchase items prior...
According to a recent study by the UK Payments Council, a new UK payments service has caused the nation to become the leader in mobile payments around the world. P2P Paym service, launched in April of this year, is believed to be the cause of...
Adding six more European countries to its list, e-commerce website Etsy is bolstering its payment processing options for reaching out to more sellers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The shrinking global market is making acceptance of local currencies increasingly necessary for online merchants in particular as they expand into new markets. While this may complicate companies’ expansion plans, it also can help drive more sales and create differentiation for competitive advantages. However, it...
Fraudsters managed to hack into the European Central Bank’s website, stealing email addresses and other contact information, according to an ECB statement. The theft was discovered after the bank received an anonymous email “seeking financial compensation for the data.” While most contact information was encrypted,...
