On The Web

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Deals

Indonesian E-commerce Firm Bukalapak Raises $234 Million

April 15 2021

• in
• Indonesia
• Remote Commerce

“Indonesian e-commerce company Bukalapak raised $234 million in capital in a funding round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek, according to a sale document reviewed by Reuters. The latest funding round comes amid a frenzy of interest from global investors in gaining exposure to the fast growing Southeast […]

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Deals

Temasek-Backed Pine Labs Acquires Asian Payments App Fave

April 14 2021

• in
• Remote Commerce

“Pine Labs Pvt , the Indian merchant commerce platform backed by PayPal Holdings Inc. , Temasek Holdings Pte and Sequoia India , has acquired Southeast Asian loyalty and cashback platform Fave to expand its consumer business. The deal is valued at more than $45 million in cash and stock. Following the acquisition, Pine Labs will […]

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Companies

Google Shopping for Android Shuts Down in Favor of the Web – 9to5Google

April 12 2021

• in
• Google
• Remote Commerce

“A new Google Shopping experience that featured a personalized homepage launched in 2019. On Android, Google rebranded the existing Express app to Shopping, but it’s now shutting down the mobile experience in favor of just the web.”

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Domains

MercadoLibre to Double Workforce Amid E-commerce Boom, Hike Mexico Investment

April 6 2021

• in
• Remote Commerce

“Argentina-based e-commerce giant MercadoLibre Inc is planning to double its workforce this year and invest $1.1 billion to expand its warehouse space and services in Mexico, spurred on by a pandemic-driven boom in online shopping… The investment figure is nearly triple the $420 million MercadoLibre spent last year in Mexico, a rapidly growing market where […]

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Deals

PPRO Extends Latest Round to $270M, Adding JPMorgan and Eldridge to Grow Its Localized Payments Platform

March 25 2021

• in
• Remote Commerce

“In January, localized payments provider PPRO became the latest fintech-as-a-service startup to hit a billion-dollar valuation when it closed $180 million in funding . As a mark of how payments and e-commerce continue to be major areas of focus in the global economy, today PPRO is extending that round by another $90 million and adding […]

On The Wires

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Domains

Forter Partners With Flutterwave to Drive ECommerce Growth Across Africa and Beyond

April 15 2021

• in
• Ecommerce fraud
• Remote Commerce

“Forter , the leader in e-commerce fraud prevention, has announced a partnership with Flutterwave, Africa’s leading payments technology company. The partnership, the first of its kind in Africa, will enable merchants to accurately identify legitimate buyers from fraudsters, resulting in increased transaction approvals and reduced friction in the purchasing experience, all without the fear of […]

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Deals

Signifyd Closes $205M Investment in Commerce Protection

April 15 2021

• in
• Ecommerce fraud
• Remote Commerce

“With the $205 million funding round that Signifyd announced today, the fraud and consumer abuse leader is among the companies that will lead ecommerce into a new era marked by new consumer habits and new requirements for retailers…In the years since, they have consistently extended the sort of guaranteed protection Signifyd provides merchants. The company’s […]

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Domains

Payconiq International Is the New Technology Partner for IDEAL 2.0 in the Netherlands

April 6 2021

• in
• Remote Commerce

“The online payment method iDEAL, will bring its payment service to the next level. Currence, the brand owner of iDEAL, partners with Payconiq International to deliver a major upgrade version of the Dutch’s most popular online payment scheme. Today, iDEAL is responsible for more than 900 million transactions per year.  The new solution is based […]

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Domains

Mastercard Recovery Insights: E-commerce a Covid Lifeline for Retailers With Additional $900 Billion Spent Online Globally

April 6 2021

• in
• Remote Commerce

“Roughly 20-30% of the Covid-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution. The report draws on anonymized and aggregated sales activity in the Mastercard network and proprietary analysis by the Mastercard Economics Institute. The analysis dives into what this means by country and by sector, for […]

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Domains

AEVI and Mastercard Partner to Simplify Omnichannel Shopping Experience

March 29 2021

• in
• Remote Commerce

“AEVI and Mastercard Payment Gateway Services (MPGS) announced an expanded partnership today to use their combined technologies and reach to simplify the omnichannel shopping experience. AEVI integrates payments and data across all customer channels by providing an open platform that is both device and solution independent. This platform, combined with MPGS’ encompassing digital gateway services, […]