Majority of UK ecommerce SMEs Report Service Issues with Payments Service Providers – but Fear Switching, Finds Survey
- 2 years 8 months ago
- E-Commerce, Payments
Only 5% of UK SMEs have no issue with their current Payment Service Provider (PSP) More than half of SMEs (52%) are frustrated by slow response times Fear (29% worry about adoption costs), uncertainty (31% worry a change will impact CX), and contract lock-in (28%) are preventing UK SMEs from switching PSP
UK E-commerce Market Projected to Exceed £260 Billion by 2025, Worldpay from FIS Study Finds
- 2 years 8 months ago
- E-Commerce, Payments
Study shows the UK e-commerce market has grown by over £40 billion in the last four years. By 2025 digital wallets are projected to account for over £90 billion of the UK e-commerce market.
25/02 – Weekly Fintech Recap
- 2 years 9 months ago
- Blockchain, E-Commerce, Open Banking, RegTech, Payments, M&A Deals, People Moves
Partnerships AllianceBlock and Peaq partner to power Web3’s Economy of Things through DeFi
GB Bank Chooses Trunarrative for Customer Onboarding, Transactional Risk,and Financial Crime Prevention
- 2 years 9 months ago
- E-Commerce
FCA and PRA authorised GB Bank procures TruNarrative technology to deliver its onboarding and transactional risk strategies GB Bank, a new bank focussed on getting Britain building again, has today announced it has chosen Leeds-based regtech innovator TruNarrative, a LexisNexis® Risk Solutions company, to provide its full suite of customer onboarding and transactional risk compliance capabilities.
Payrix Acquired by FIS to Expand E-Commerce, Embedded Payments and Finance Experiences for SMB Merchants via Platforms
- 2 years 9 months ago
- E-Commerce, Financial
Embedded fintech leader Payrix today announced it has been acquired by financial technology leader
Sokin to Set Up the First Singular Metaverse World for Ecommerce
- 2 years 9 months ago
- E-Commerce
The global fintech will enable full ecommerce payment transactions for the first time Sokin, the next generation payments provider, is set to enable full ecommerce payments for the first time in the metaverse, allowing brands and businesses to grow from its physical store into the virtual world.
PayU Launches a new credit payment solution in Romania on eMAG to Transform Online Shopping Experience
- 2 years 9 months ago
- E-Commerce, Payments
PayU introduces a new way of online shopping financing, bringing additional options and convenience to Romanian shoppers New payment options for fast and easy online purchases with your stored card: Buy Now Pay Later- buy now, pay in 30 days at zero costs; SLICE IT- buy now, pay in four instalments.
Bizongo Concludes Maiden Buyback, Liquidates ESOP Worth $3.7 Million
- 2 years 9 months ago
- E-Commerce, Payments
~70% of all eligible former and current employees liquidated their ESOPs~ ~The soonicorn offered employees ESOP at different stages of their tenure with the company~ B2B e-commerce and supply chain enablement platform Bizongo has announced the completion of its first Employee Stock Ownership Plan (ESOP) monetization program worth $3.7 million. While 102 of Bizongo’s former and current employees were eligible for the buyback, only 70% of... more
11/02 – Weekly Fintech Recap
- 2 years 9 months ago
- Artificial Intelligence, Blockchain, E-Commerce, Open Banking, RegTech, Banking, Online Banking, M&A Deals, People Moves
Partnerships Refinitiv expands collaboration with Microsoft to launch market-data powered AI Assistant in Microsoft Teams
Lightspeed Announces Direct Selling and Advertising on TikTok via Ecwid
- 2 years 9 months ago
- E-Commerce
Merchants can link their account to TikTok and grow their business via integration Lightspeed Commerce Inc., the one-stop commerce platform for merchants around the world to simplify, scale, and create exceptional customer experiences, today announced that Lightspeed eCommerce merchants using the recently acquired Ecwid integration can sell to consumers directly through TikTok.
Lightspeed Launches New Flagship eCommerce Solution to Retail Customers
- 2 years 9 months ago
- E-Commerce
Lightspeed eCommerce integrates the top features of Ecwid giving customers the tools to unlock their true omnichannel potential
4/02 – Weekly Fintech Recap
- 2 years 9 months ago
- APIs, Artificial Intelligence, Blockchain, Digital banking, E-Commerce, RegTech, Payments, Banking, Data, Corporate, Infrastructure, M&A Deals, People Moves
Partnerships Nium and FINCI announce partnership to strengthen payment services internationally Fintech company FINCI announced a partnership with global payments and cards issuance leader Nium, that will leverage Nium’s competitive FX rates and extensive pay-out network in strategic markets across the APAC and EMEA regions. The collaboration will enable real-time payments to new markets and improve services to existing regions for FINCI’s... more
Behalf, Inc. CEO: Four Things to Watch for in B2B Finance
- 2 years 9 months ago
- E-Commerce, Financial
Bigger investments in digital commerce lead to new financing opportunities and more buying power for small and mid-sized business
Moglix Raises $250 Million at $2.6Billion valuation, Delivers 80x Return To Seed Investors
- 2 years 10 months ago
- E-Commerce, Fundraising News, Investment
Moglix has raised $250 Million in its latest Series F funding round, at a valuation of $2.6 Billion. This investment was led by Tiger Global and Alpha Wave Global with Hong Kong based Ward Ferry coming onboard as a new investor. In 2019, Moglix was the first B2B sector investment in India by Tiger Global which continued to double down and invest in Moglix over the last 3 years. Early investors, who had invested in Moglix during the seed stage... more
Square and Ally Team Up to Streamline Transactions and Delivery Opportunities for Businesses
- 2 years 10 months ago
- E-Commerce, Payments
Ally, Inc. is excited to announce a brand-new collaboration with Square, Inc, the globally trusted software, payments and hardware solution for businesses of all sizes. Through this partnership, Ally and Square will offer restaurant, retail, and eCommerce businesses a fully integrated suite of tools designed to maximize profits, reduce costs, and streamline deliveries to loyal customers.
