Tagged: digital commerce

Bengaluru based Fintech Startup Walrus Is Launching Personalized Debit Card for Teenagers to Encourage Better Money Management

Bengaluru based Fintech startup Walrus is launching a personalized debit card for teenagers. The company says it wants to help teens become financially “smart” from a young age so that they are able to effectively manage their finances as they get older and have more… Read More

Indian Pay Later Solutions Experience 50% YoY Increase in Equated Monthly Transactions during Checkout on Amazon, Flipkart

Lizzie Chapman, CEO and Co-Founder at ZestMoney, which claims to be one of the largest and fastest-growing Fintech firms in India, notes that as the festive season begins in India, the company has seen a significant increase in demand for online “affordability” solutions from its… Read More

Nash, a Fast and User-Friendly Decentralized Financial Services Platform, Introduces Easy Way to Accept Digital Asset Payments

The digital commerce sector is on track to surpass $4.6 trillion globally within the next two years, according to an update shared with Crowdfund Insider. Amazon, Walmart, and Costco alone are expected to generate sales and revenue valued at around $1 trillion during 2020. As… Read More

India’s FamPay, a Neobank for Teenagers, Reveals that Most Tech-Savvy Young People are Still Making Cash Payments

Younger people in India including Millennials and Gen Z consumers are usually quite tech-savvy because most of them have grown up using the latest smartphones. They regularly use the internet to take care of everyday tasks – which may include conducting digital transactions for online… Read More

India’s Infibeam Avenues to License its Digital Commerce and Payment Software to Jio Platforms, a Subsidiary of Reliance Industries

India-based Infibeam Avenues, an established online payment solutions and enterprise software developer, has agreed to a new deal that involves licensing its digital commerce and payment software to Jio Platforms, a local digital services firm and a subsidiary of Reliance Industries Ltd. (according to a… Read More

Bengaluru based Fintech Simpl to Support 1,500 New Digital Commerce Merchants via RazorPay

Bengaluru based Simpl, a company that aims to make money simple, so that people can “live well and do amazing things,” has reportedly added 1,500 new merchants through digital banking platform Razorpay during the lockdown period (following the COVID outbreak). Simpl‘s partnership with Razorpay will… Read More

DeFi Platform MANTRA DAO Partners with Bondly, a Crypto-Enabled Digital Commerce Platform

MANTRA DAO (distributed autonomous organization), a community-governed decentralized finance (DeFi) platform that aims to make staking, lending, and governance more accessible to traders and investors, has teamed up with Bondly in order to bring cryptocurrency to the “new generation” digital economy. The MANTRA DAO team… Read More

Alibaba Cloud Computing Now Ranked Third-Largest Infrastucture as a Service Provider, Right Behind Amazon Web Services, Microsoft Azure

Chinese e-commerce giant Alibaba Group’s (NYSE:BABA) cloud services business may now be on track to generate profits as it continues to receive support from China’s evolving digital economy. Last year, Alibaba Cloud had been ranked as the third-largest infrastructure-as-a-service provider, which is right behind Amazon… Read More

Checkout.com Executives in the UAE Expect Digital Payments to Overtake Cash Usage due to Rise of E-Commerce

Mo Ali Yusuf, the VP at Checkout.com for the MENA and Asia Pacific region, notes that for anyone who has been living in the UAE for over 4 years, it’s clear to see that the digital payments are increasingly being adopted, instead of using cash… Read More

Amazon Introduces Technology Allowing Customers to Pay at Physical Stores by Scanning Palm of their Hands

Digital commerce giant Amazon (NASDAQ:AMZN) has introduced special technology that allows customers to pay for products at physical store locations by simply scanning the palm of their hands. Amazon has been quite active when it comes to offering certain services at brick-and-mortar stores. The e-commerce… Read More

Vietnam based Digital Bank Timo Plus Set to Relaunch Due to Increased E-Commerce Activity

Vietnam based Timo Plus, a digital banking platform, is reportedly planning to “relaunch” its services as e-commerce activity in the country has really picked up (due to COVID). Timo Plus is Vietnam’s very first digital bank. The company’s management stated on September 28, 2020, that… Read More

Checkout.com, Pakistan’s National E-Commerce Council, and National Institutional Facilitation Technologies to Support Digital Payments in Country

Mo Ali Yusuf, the VP at Checkout.com for the MENA and Asia Pacific Region, says he’s looking forward to teaming up with NiFT and the Fintech ecosystem in Pakistan in order to support the growth of digital commerce and virtual payments in the country. Pakistan’s… Read More

Majority of Pakistani Consumers to Make Digital Payments for Online Purchases, Instead of Visiting Physical Stores, Even After COVID: Survey

Visa (NYSE: V), the global leader in digital payments, recently published the results of its survey which aimed to assess the impact of COVID-19 on consumer behavior in Pakistan. Visa’s Stay Secure survey reveals Pakistani consumers’ general views about conducting digital transactions, their preferences and… Read More

UAE’s Buy Now Pay Later Fintech Spotii to Support Business Growth with Microsoft AppSource by using its Network to Co-Market Services

Dubai’s Buy Now Pay Later (BNPL) Fintech firm Spotii has officially launched on Microsoft AppSource, which is an app store and online marketplace for companies using various Microsoft products. Spotii’s digital platform allows fashion, beauty, and lifestyle retail outlets to provide more flexible payment plans… Read More

Bahrain to Introduce Regulations for E-Commerce Businesses which Support Nation’s Digital Transformation Strategy

The Middle Eastern country of Bahrain has identified key focus areas to further develop its economy. The nation’s government has outlined a national strategy for supporting digital commerce. Zayed Alazayani, the Industry, Commerce and Tourism Minister, stated that the Kingdom will be introducing new laws… Read More

Spotify, Netflix, Revolut Investor TCV Leads €90 Million Round for Mollie, a European Payment Processing Firm

Mollie, a European payment processing company, has secured €90 million in capital through a Series B investment round which was led by TCV, a prominent investor that has also participated in rounds conducted by Spotify, Revolut, Netflix, and Nubank, one of the largest digital banks… Read More

Alibaba Group’s E-commerce Site Daraz in Pakistan to Encourage Digital Payments by Offering 10% Discount on Mondays on Purchases Made with Visa Cards

Payments giant Visa has teamed up with Pakistan’s Daraz, an online marketplace and logistics firm which operates in markets of South Asia and Southeast Asia (owned by Alibaba Group). Through the long-term, strategic partnership, the companies will introduce “Visa Mondays,” which will allow Daraz customers… Read More

Contactless Transactions are Expected to Double the Number of Digital Payments to $8.26 Trillion by 2024: Report

Contactless transactions are expected to double the number of digital payments to $8.26 trillion by 2024, which is a key Fintech trend that has been accelerated due to COVID-19. Businesses are increasingly using contactless technology to improve customer experience and help them make secure payments,… Read More

Karachi based Fintech Safepay Plans to Become “the Stripe of Pakistan” after Receiving Support from Y Combinator

Pakistani Fintech firm Safepay recently received an investment from Y Combinator and it’s now planning to become “the Stripe of Pakistan.” Karachi-headquartered Safepay has notably become the first Pakistani Fintech to complete Y Combinator’s program for startups. The company was reportedly a part of YC’s… Read More

MENA Region Is Experiencing Strong Revival of Digital Commerce and Virtual Payments Sector, Industry Exec Reveals

The MENA region is reportedly experiencing a strong revival of its digital commerce and virtual payments sector, particularly during the past quarter of this year. This key Fintech trend is expected to continue and also keep up its current growth rate in the coming years,… Read More

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