E-commerce


Alibaba targets Amazon with $177m stake in Paytm e-commerce

India-based Paytm’s e-commerce unit has raised $200 million in a funding round led by Chinese titan Alibaba, with the latter potentially muscling in on Amazon’s arena of action. Alibaba’s Singapore unit will invest $177 million into Paytm E-Commerce, with $23 million coming from Indian venture and growth capital fund SAIF Partners. With the deal Alibaba […]

Mastercard Continues Masterpass Push with Postepay Integration

Mastercard and Poste Italiane have struck a new deal under which the Italian postal service’s Postepay app has integrated Masterpass to enable users to make mobile purchases—a deal the companies hope will appeal to Postepay’s large base of younger users.

European Online Transaction Rule Revised after Payments Industry Complaints

After absorbing hundreds of complaints from the payments industry, the European Banking Authority will relax its pending customer authentication rules for online transactions. But given the rise in popularity of online shopping, the new threshold of 30 euros before two-factor authentication is required may not be enough to assuage industry concerns.

Accenture in German digital and US innovation drives

Accenture will acquire German digital agency SinnerSchrader to boost its Accenture Interactive services in the country. Also, the company plans to launch ten new innovation hubs in the US in the next three years. Accenture has agreed to purchase a 62% majority of SinnerSchrader shares from co-founder and CEO Matthias Schrader, CFO Thomas Dyckhoff, and […]

Standard Chartered China teams with Tencent FiT for e-commerce solution

Standard Chartered China is partnering with Tencent Financial Technology Group (Tencent FiT) to launch a new e-commerce solution for corporates. The deal makes Standard Chartered the “first global bank to offer a one-stop online collection solution with WeChat Pay” and combines its cash management offering with the online payment gateway. The bank says it can […]

Amazon looking to buy Capital One?

Amazon is rumoured to be pondering the acquisition of Capital One. Banking Technology contacted both parties for a comment but received no response.

Modern payments and banking APIs

Modern banking is not limited to banks anymore. It’s not only about online or mobile banking, it’s about all the things you would do in your banking system, but now you can do in apps or other solutions provided by third parties, not banks. Payments are one of such functionalities.

Klarna acquires BillPay

Sweden-based payments provider Klarna has acquired a fellow payments company in Germany, BillPay. The deal is understood to be worth £60 million.

Mastercard victorious in UK interchange lawsuit

Mastercard can put a notch in the win column after a High Court judge ruled in the payment card network’s favor regarding a lawsuit brought on by retailers disputing cross-border interchange fees on debit and credit cards.

AnaCap to acquire German payments provider Heidelpay

Private equity firm AnaCap Financial Partners is taking over a controlling stake in Heidelpay, an online payment service provider (PSP) in Germany. Heidelpay’s co-founders and existing management will retain a minority stake in the business.

One in four UK card payments now contactless

According to the UK Cards Association, a trade body for the country’s card payments industry, a quarter of all card transactions are now made via contactless in the UK. 325 million purchases, altogether worth £2.9 billion, were made using contactless debit and credit cards in November 2016.

MasterCard selects super six for fintech accelerator

Silicon Valley Bank and MasterCard have selected six start-ups to participate in Class 5 of Commerce.Innovated, a virtual accelerator designed to help commerce, payments and fintech start-ups grow their businesses. The six US start-ups will go through the four-month virtual programme and are in various stages of funding and development: Domuso, a payment financing platform […]

ING Bank Romania launches new mPOS service with GoSwiff and MasterCard

ING Bank Romania has launched a new mobile point-of-sale (mPOS) service, underpinned by MasterCard and specialist vendor GoSwiff. ING mPOS is aimed at local merchants of all sizes. It enables them to accept card payments through mobile devices, smartphones and tablets, connected to a card reader. It also supports other added-value services, such as consumer […]

New mPOS solution for Indonesian merchants launched by Indosat Ooredoo and GoSwiff

Indonesian telco Indosat Ooredoo and GoSwiff International have teamed up for a new mobile payment acceptance solution for merchants in Indonesia, D-Pay. Bank Negara Indonesia (BNI) is the acquiring bank. D-Pay is a financial service that enables merchants to accept mobile payments, allowing their customers to pay using debit/credit cards (Visa, MasterCard and JCB) and […]

Infographics: the Euro 2016 guide to e-commerce

The 2016 UEFA European Championship ran from 10 June to 10 July in France. Portugal beat France 1-0 in the final. In the spirit of that football tournament, PPRO created an e-commerce guide to each country that proved very popular throughout the event. Click here to see all the countries: Euro 2016

Indopay and ACI Worldwide team up for international e-commerce platform

PT Indopay Merchant Services, a subsidiary of Indonesia’s banking solutions provider PT Abhimata Persada, has teamed up with ACI Worldwide for the latter’s UP eCommerce Payments solution. Indopay is keen to grow its share of the domestic market and also expand across Asia – and ACI’s platform will underpin the strategy. The Indonesian eCommerce marketplace […]

Brexit: breaking the bank?

As Europe’s biggest e-commerce market, the UK’s e-money and payment services industries are thriving. But with the EU referendum right around the corner, are things likely to change? Craig James, founder and CEO of Neopay, explores the potential of a Brexit-shaped disruption. On 23rd June 2016, the UK public will take to the polls for […]

Infographics: The world of e-commerce

Did you know that in the Netherlands 54% of all transactions are carried out using the iDEAL online banking system? Or that Germans prefer to pay on account via direct debit and the popularity of e-wallets is growing in Russia? ‘The world of e-commerce’ reveals the three most popular e-commerce payment methods across 22 countries […]

Payoneer acquires Armor Payments to create global alternative to LCs

US-based Payoneer has acquired Armor Payments as it looks to create a “global alternative” to letters of credit (LCs). Armor Payments, co-founded by former PayPal Director, Scott Reynolds, is the “only licensed B2B payments provider offering Escrow-as-a-Service (EaaS)”. Through the acquisition, the new integrated Armor Payments Payoneer Escrow solution will allow B2B buyers and suppliers […]

Wagner aims at m-commerce gap

Dan Wagner is pretty sure that he has an idea how the use of mobile devices will play out in the commercial world and how the relationships between banks, merchant acquirers, merchants and customers will change.

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