GoSimpel is an Indian m-payment app set to launch soon, which lets the users make payments through payment cards, instead of cash, to the food ordered on delivery; without the need of any separate device or gadget. Get the Full Story Complete the form to...
Chang Chew Soon, founder and CEO of Malaysia-based mobile card payment solution Soft Space, whose core product is an m-POS, explained the success of his company in South East Asia. He says that although smartphone penetration in some countries is not high, absolute numbers of...
A report by the UK Card Association shows that 74.5% of retail volume transactions (GBP 520 Bn) in UK were made using payment cards in 2013 vs. 46.5% in 2003. At the same time outstanding credit card debt was reduced to GBP 56.4 Bn vs....
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...
