E-commerce

1184 articles tagged with this keyword

/startups

UK BNPL startup Zilch scoops $30 million in funding

Zilch, a UK-based startup competing with the likes of Klarna in the buy now, pay later market, has picked up an additional $30 million in funding just weeks after securing a consumer credit authorisation with the Financial Conduct Authority.

/payments

Cash App gets its own clothing line

Square has stepped up its efforts to turn the Cash App into a lifestyle brand, unveiling its own brightly coloured clothing line.

/crypto

JD.com to accept digital yuan

JD.com is set to become the first e-commerce platform to accept China's digital yuan for online shopping.

/payments

Payments have become tech arms race say banks

The vast majority of banks (94%) believe that the Covid-19 pandemic has turned the payments market into a technology arms race for which they are unprepared.

/payments

Affirm agrees to buy Canadian BNPL firm PayBright

American buy now, pay later credit card alternative Affirm is beefing up its presence north of the border through a C$340 million (US$264 million) deal to buy Toronto-based PayBright.

/wholesale

Stripe makes banking-as-a-service play

Stripe has brought in several big name banks to back its new banking-as-a-service API that lets online businesses embed financial services in their platforms.

/payments

Black Friday payment data reveals rapid growth of buy now, pay later

The use of buy now, pay later services like Klarna and ClearPay on Black Friday more than doubled in 2020, European data shows.

/security

SARB issues dark warning over screen-scrapers on Black Friday

The South African Reserve Bank has warned consumers against the use of screen-scraping EFT payments, as bargain hunters flock online for the annual Black Friday shopping spree.

/payments

Coronavirus transmission risk from cash is low - BofE

The rush to abandon cash during the pandemic may be unnecessary, according to a scientific study from the Bank of England, which finds that the risk of Covid-19 transmission by banknotes is low.

/payments

BNPL outfit Affirm files for IPO

Affirm, Max Levchin's buy now, pay later credit card alternative, has filed an initial public offering (IPO) prospectus to list on the Nasdaq.

/security

Ticketmaster fined £1.25m over data breach that led to fraud on thousands of cards

Ticketmaster has been fined £1.25 million over a 2018 data breach which saw the payment details of millions of people compromised, with tens of thousands of cards subjected to known fraud.

/payments

AppBrilliance snags $3m to take on payment processing industry

Open payment startup AppBrilliance has raised over $3 million in a seed funding round joined by Studio VC.

/payments

DoJ sues to block Visa's Plaid acquisition

The US Justice Department has sued to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid, citing competition concerns. Visa says the effort is "legally flawed and contradicted by the facts".

/devops

WEF executive: Traditional finance business model no longer working

Simon Torrance, senior adviser at corporate innovation firm, Rainmaking, claims that the traditional financial services business model is no longer working.

/startups

PayPal Ventures invests in extended warranty outfit Extend

Extend, an American startup that helps merchants offer extended warranties and protection plans, has raised $40 million in a Series B funding round led by Meritech Capital and joined by PayPal Ventures

/payments

Stripe buys Nigeria's Paystack

Stripe is stepping up its expansion into Africa through the acquisition of Lagos-based payments firm Paystack in a deal reportedly worth more than $200 million.

/payments

Macy's invests in Klarna

Iconic department store Macy's has taken a stake in buy now, pay later outfit Klarna, giving the Swedish vendor a huge boost in its bid to crack the US market.

/payments

2010 revisited: Banks' response to crisis today is more proactive than in 2008

As Sibos 2020 kicks off, we look back to some of the predictions and forecasts made in 2010 and pick through what lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.

/startups

Stripe leads $12m funding round for Filipino startup PayMongo

Filipino online payments firm PayMongo has raised $12 million in a Series A funding round led by US giant Stripe and joined by Y Combinator, Global Founders Capital and Bedrock Capital.

/payments

Portugal's Sibs buys Wirecard Romania business

Portuguese payments processor Sibs is the latest firm to pick up a piece of the Wirecard empire, acquiring its operations in Romania.