Latest E-commerce News: Finextra Research

Company update/payments

Brex introduces instant payouts

Today Brex introduced new features tailored to solving the cash flow pain points of growing ecommerce businesses.

27 October 2020

Company update/payments

Discover goes live with Click to Pay

Discover cardmembers and merchants can now experience a more seamless and consistent checkout experience when shopping online or through a mobile app with the launch of Click to Pay.

27 October 2020

Company update/payments

Klarna launches 'Pay in 3' in Italy

Klarna, the leading global payments provider and shopping service, which today serves over 200k merchants and 90m consumers worldwide, officially launches in Italy today with the introduction of “Pay in 3”.

20 October 2020

Company update/E-commerce

Veon acquires stake in Bangladesh’s B2B commerce platform, ShopUp

VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), through VEON Ventures, has joined Sequoia Capital India and Flourish Ventures as investors in ShopUp, Bangladesh’s leading full-stack B2B commerce platform for small businesses, becoming ShopUp’s first strategic corporate investor.

20 October 2020

Company update/payments

Ebanx makes Central American push

Ebanx, fintech company specialized in payment solutions for Latin America, announced the Push LatAm, an initiative that comprises expansion of its operations to new markets in Central and South Americas; the offering of hybrid services within Latin American countries; and the launch of EBANX GO, a prepaid card that offers a digital payments account in a partnership with Visa, to other markets in the region besides Brazil; all within the next 12 months.

15 October 2020

News/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

15 October 2020

News/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.

15 October 2020

Company update/payments

Lemonway joins RippleNet

Marketplace businesses are expanding access to new global customers and consumer access to new products—allowing sellers to grow their business faster than ever before.

06 October 2020

News/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.

06 October 2020

Company update/payments

Razer Fintech and Visa issue virtual pre-paid card

Razer Fintech, the financial technology arm of leading global lifestyle brand for gamers, Razer Inc. has collaborated with Visa, the world’s leader in digital payments, to unveil a brand-new Visa prepaid solution – the Razer Card.

06 October 2020

News/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.

05 October 2020

Company update/payments

Garanti BBVA offers virtual credit cards to shoppers on discount website Bonus

Garanti BBVA is betting on technology and innovation to continue leading the payment system and credit card sector.

01 October 2020

Company update/payments

Shopee and Visa sign five-year strategic partnership

Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, and Visa, the world’s leader in digital payments, today announced a five-year regional strategic partnership that will encourage greater participation in Southeast Asia’s digital economy, a key component of accelerating the region’s overall economic growth.

01 October 2020

Company update/payments

Pinterest adds shopping features in the UK

This year, we expect shopping for the festive season to look different, with mobile commerce poised to reach new heights as people find gifts from home.

29 September 2020

Company update/crypto

French jewellery retailer to accept crypto payments

Lunu, a specialist in online and in-store crypto payments for retailers and consumers, today announces a partnership with French jewellery retailer Courbet.

29 September 2020

News/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.

29 September 2020

News/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.

29 September 2020

News/security

New security measures could block one-third of online EU purchases

New European rules on Strong Customer Authentication (SCA) could block more than one-third of online purchases and cost merchants more than $100 billion in lost sales, according to an analyis by payments consultancy CMSPI.

28 September 2020

Company update/security