Payments News

On The Web

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Deals

Indonesian E-commerce Firm Bukalapak Raises $234 Million

“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

“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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On The Wires

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Domains

dLocal Expands Further Into Southeast Asia to Support Merchant Demand

“dLocal, a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced operations in three new countries in Southeast Asia, including Malaysia, the Philippines, and Vietnam. These countries, along with the region’s other two largest economies, Indonesia and Singapore, have seen significant eCommerce growth due to their […]
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Domains

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

“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

“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

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

“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 […]