12 Months After Launching Banking Licence, Banking Circle is Already Processing 6% of European B2C E-commerce Payments
- 4 years 1 month ago
- E-Commerce, Payments, Banking
Banking Circle, the payments specialist, has reported a significant uplift in payments flow and clients a year after it launched its Banking Licence. At the end of February 2020, Banking Circle received its Banking Licence from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, enabling it to give financial institutions direct access to real-time payments regardless of borders or size. It also launched its new headquarters... more
Digital Commerce Spend to Exceed $11.6 Trillion in 2021, as Transition to Digital Channels Accelerates
- 4 years 1 month ago
- E-Commerce, Money Transfers
A new study from Juniper Research has found that digital commerce spending will rise to over $11.6 trillion by the end of 2021, from $10.5 trillion last year; a growth of 11.5% in a single year.
Payoneer Announces Agreement with eBay
- 4 years 1 month ago
- E-Commerce, Payments, e-Payments
Payoneer Announces Agreement with eBay eBay continues to manage payments in more countries with the support of Payoneer
Nets Group Completes Acquisition of E-commerce Provider Checkout Finland
- 4 years 1 month ago
- E-Commerce, Payments, Security
Deal brings 8,000 ecommerce merchants to Nets portfolio, as part of continued European expansion. Merchants and partners to benefit from expanded set of ecosystem integrations and a broad range of functionalities as well as future innovations Consolidation in European payments:
UTP Group Becomes The First To Offer Same-day Funding Online And In-store.
- 4 years 1 month ago
- E-Commerce, Payments, Credit Cards
UTP Group has partnered with Faster Processing to provide its eCommerce customers with the unique ability to receive fund settlement within hours rather than days. Up until this point merchants have had to wait anywhere up to five working days before receiving the funds from payments they have taken online.
PayNearby Aims to Handhold 10 Crore Citizens for Covid-19 Vaccine Registration from Kirana Stores
- 4 years 1 month ago
- E-Commerce, Technical, Non-Financials
15,00,000+ small retail outlets to participate actively in vaccination drive
Signifyd Closes $205 Million Funding Round to Extend Identity-Centric Commerce Protection Across Digital Shopping Globally
- 4 years 2 months ago
- E-Commerce, Financial
Signifyd, the leading provider of digital commerce protection, today announced a $205 million Series E growth equity financing led by Owl Rock Capital, with participation by financial services provider FIS and investment management organizations Canada Pension Plan Investment Board (CPP Investments) and Neuberger Berman Investment Advisers. Their investment values the company at $1.34 billion and adds significant resources to expanding Signifyd’... more
Forter Partners with Flutterwave to Drive eCommerce Growth Across Africa and Beyond
- 4 years 2 months ago
- E-Commerce, Payments
Forter, the leader in e-commerce fraud prevention, has announced a partnership with Flutterwave, Africa’s leading payments technology company. The partnership, the first of its kind in Africa, will enable merchants to accurately identify legitimate buyers from fraudsters, resulting in increased transaction approvals and reduced friction in the purchasing experience, all without the fear of fraud.
Etsy Sets Company Record With $1.7B Revenue - 110% YoY Increase in 2020
- 4 years 2 months ago
- E-Commerce
American e-commerce website, Etsy had a huge 2020 in which it set a company record for revenue. The e-commerce sector, in general, grew tremendously in 2020 as the pandemic forced people to completely alter their shopping habits. As a result, Etsy crossed the billion-dollar revenue mark for the first time in company history after a staggering YoY increase.
Ecommerce Data Specialist Conjura Launches Due Diligence Product for Investors and Businesses Preparing to Fund Raise
- 4 years 2 months ago
- E-Commerce
Ecommerce data specialist Conjura has launched a new data due diligence service, Snapshot. This allows businesses preparing for a funding round to assess the customer data they hold. This can be used to demonstrate current performance and also identify potential growth opportunities. Conversely, Snapshot can be used by investors to audit and analyse granular transaction level business data to help them decide whether to invest or not.
Meet the Platform Set to Disrupt the UK B2B Commerce Industry.
- 4 years 2 months ago
- E-Commerce
To address the increase in demand for B2B eCommerce, Oro Inc has launched its flagship platform OroCommerce in the UK.
Jcb Sees Online Sales in Europe Increase by More Than 300% From 2016 to 2019
- 4 years 2 months ago
- E-Commerce
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., has seen impressive growth in virtual spending with European retailers from its Asian cardmember base, with online sales growing by more than 300% across the continent between 2016 and 2019[1].
Mastercard Recovery Insights: E-commerce a Covid Lifeline for Retailers with Additional $900 Billion Spent Online Globally
- 4 years 2 months ago
- Covid-19, E-Commerce, e-Payments
As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900 billion being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce made up roughly £1.50 out of every £5 spent on retail, up from about £1 out of every £5 spent in 2019.1
Yandex.Lavka E-Grocery Service Expands to Kazan, Bets on ‘Shop Local’ Trend
- 4 years 2 months ago
- E-Commerce
Yandex.Lavka, the on-demand e-grocery delivery service launched by Russia’s NASDAQ-listed tech giant Yandex, announces its expansion. The service, which delivers approximately 2,500 types of essential and non-essential goods in a variety of categories, such as groceries, ready meals, hot drinks and smart Yandex devices within 10-15 minutes of receiving the order, is now available in Kazan, a city of 1.3 million in Russia’s Republic of Tatarstan.
M.Video-Eldorado, Sber and goods.ru Founder and Co-Owner Alexander Tynkovan Sign Binding Documents Covering Sber’s Acquisition of 85% Stake in goods.ru
- 4 years 2 months ago
- E-Commerce
PJSC M.Video (M.Video-Eldorado Group, the Company, or the Group; MOEX: MVID), Russia’s leading e-commerce and consumer electronics retailer and part of the SAFMAR Group owned by Mikhail Gutseriev, Sber, and goods.ru founder and co-owner Alexander Tynkovan have signed binding documents covering Sber’s acquisition of an 85% stake in goods.ru (OOO Marketplace). The deal is expected to be closed in 2Q21.
