Latest E-commerce News: Finextra Research

Checkout.com to triple office space and double staff numbers

Fast growth payment processor Checkout.com is to triple its London office space as it gears up for a big recruitment drive in 2020.

20 December 2019

Company update/E-commerce

Singaporean cross-border e-commerce sales set for explosive growth

Online businesses see a world of opportunity for crossborder sales.

19 December 2019

Company update/regulation

EU parliament backs measures to cut e-commerce VAT fraud

MEPs supported measures on Tuesday designed to fight e-commerce VAT evasion that would help cut some of the €137 billion lost each year across the EU to VAT fraud.

17 December 2019

News/payments

ICBC, Alibaba and Ant Financial strengthen fintech partnership

Giants in their own right, ICBC - the world's largest bank in terms of assets - will work with Alibaba and Ant Financial by leveraging their collective expertise in electronic payment settlement and cross border finance to promote the wider use of digital technology in financial services.

16 December 2019

News/E-commerce

Visa and MFS Africa team on digital payments

Visa is joining forces with MFS Africa to simplify remittances and expand global e-commerce across Africa.

12 December 2019

Company update/payments

Nuvei raises $270m

Nuvei, a leading global payment technology provider, announced today it has completed a US$270 million (CA$358 million) common equity financing, valuing the company at US$2 billion (CA$2.65 billion).

11 December 2019

Company update/E-commerce

Super Processor signs for TAS USA card payments platform

TAS USA Inc., part of TAS Group, a global provider of digital payments software, today announced that it has signed a deal with Super Processor Inc., a full-service payment processor based in Hawaii, to provide its end-to-end card payments platform, CARD 3.0 I.E., and deliver innovative issuing and acquiring functionalities to cover the entire payments value chain.

09 December 2019

News/E-commerce

BMO joins $6m FlexPay funding round

FlexPay, a Montreal-based startup using AI to help merchants recover lost revenues from declined transactions, has raised $6 million in a funding round led by Impression Ventures and joined by BMO Capital Partners.

09 December 2019

News/E-commerce

Buy-now, pay-later firm FinAccel raises $90 million to broaden financial services offering

FinAccel, a Singapore-headquartered financial technology company that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised $90 million in a Series C equity funding round.

03 December 2019

News/E-commerce

Black Friday - why it matters and what to watch out for

Deloitte, Santander and JP Morgan explain to Finextra how the busiest shopping day of the year is a useful indicator of the industry trends to be aware of in the months ahead.

29 November 2019

News/payments

P27 Momentum: Key milestones for stakeholders in 2020 and beyond

Henry Ohlsson, deputy governor, Riksbank kept Nordic payments professionals entertained during NextGen Nordics: P27 Momentum during his session on the role of the central bank in a changing environment.

26 November 2019

News/payments

P27 Momentum: Challenges for creating a pan-Nordic payment region

While banks, businesses and customers operate across the Nordics, infrastructure remains national. At NextGen Nordics: P27 Momentum, executive advisor at Nordea Johanna Lybeck-Lilja continues discussion on the pan-Nordic clearing system to be launched in early 2021 and reiterates that while the region has a long history of cooperation, the cross-border challenge has not been solved.

26 November 2019

Company update/payments

Discover partners PayPal on rewards

Discover cardmembers can now use their Cashback Bonus® or Miles to pay for purchases at millions of online stores through PayPal, giving cardmembers another convenient and flexible way to reward themselves.

25 November 2019

News/retail

CBA puts Amazon lockers in branches

Commonwealth Bank of Australia is installing lockers at several Sydney branches where customers can pick up their Amazon parcels.

25 November 2019

Company update/E-commerce

Cardpay expands global footprint

Cardpay – global fintech provider and fast-growing payment processor serving the needs of eCommerce businesses selling internationally announces its further expansion into 5 new major markets including United States, Mexico, Brazil, China and Singapore.

22 November 2019

Company update/payments

Signicat and Twikey forge recurring payments partnership

Signicat, the Trusted Digital Identity company and Twikey, the market leader in SEPA mandates and specialist in optimizing the payment process of recurring customers, have partnered to allow merchants to digitally sign SEPA e-mandates in Belgium and the Netherlands for recurring purchases.

21 November 2019

News/payments

PayPal to buy online rewards platform Honey for $4bn

PayPal has agreed its largest ever acquisition - a $4 billion deal to buy Honey Science Corporation, the firm behind a browser extension and app that helps people find online shopping rewards and deals.

20 November 2019

News/cloud

Preparing for 2020: The impact of the cloud on B2B payments

By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods.

15 November 2019

News/payments

Alipay target: Serve 10m European SMEs by 2024

Alipay has set a target of supporting 10 million small to medium sized businesses in Europe over the next five years with new payment innovations and partner programmes.

14 November 2019

News/payments

Facebook Pay consolidates payments across apps

Facebook is taking on Venmo, Apple Pay and others with a consolidated payments service that works across its main app, Messenger, Instagram and WhatsApp.

12 November 2019