Latest E-commerce News: Finextra Research

Brazil celebrates 2 years of open finance

Today marks two years since Brazil launched its Open Finance Initiative. Open banking in Brazil has blossomed thanks to the initiative, forging a new governance structure and financial system for financial institutions in the nation.

02 February 2023

News/retail

Egypt's MNT-Halan hits unicorn status

Private investing firm Chimera Abu Dhabi has bought a 20% stake in Egyptian fintech MNT-Halan for $200 million.

02 February 2023

News/sustainable

Climate-tech outfit Greenspark raises £1m

Climate-tech startup Greenspark has raised £1 million in a seed funding round led by Fuel Ventures.

01 February 2023

News/payments

Pokémon-playing fish commit credit cod fraud

A Japanese YouTuber who streams his pet minnows playing games on a Nintendo Switch was recently shocked to find some fishy charges to his credit card.

27 January 2023

News/payments

Bolt lays off another 10% of workforce

Bolt has axed another 50 employees, meaning that the online checkout company has seen its headcount shrink by more than half in under a year.

26 January 2023

Company update/payments

Bold Commerce integrates with PayPal

With over half of shoppers (53%) abandoning checkout before completing their purchase, retailers have long understood the need to improve checkout, but have previously dismissed it as too costly and complex to change.

25 January 2023

News/startups

Ex-Plaid product lead launches e-commerce payment processing platform

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

25 January 2023

News/payments

Stripe scores major Amazon deal

Stripe has become a strategic payments partner for Amazon in the US, Europe, and Canada, processing a "significant" portion of the tech giant's total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime, and more.

23 January 2023

Company update/security

Forter buys bot detection player Immue

Forter, the Trust Platform for digital commerce, today announced the acquisition of Immue, a bot detection company based in Tel Aviv, Israel. Forter’s first acquisition will not only strengthen the company’s existing fraud management capabilities but add Immue’s domain-specific bot expertise.

18 January 2023

Company update/payments

Hokodo and Lemonway forge B2B BNPL marketplace partnership

The European leader in B2B Buy Now, Pay Later (BNPL), Hokodo, and leading pan-European payment institution for marketplaces, Lemonway, have announced a partnership that will enable B2B marketplaces to offer buyers trade credit online.

18 January 2023

Company update/identity

Riskified unveils 'Identity Explore'

Riskified (NYSE: RSKD), a leader in eCommerce risk intelligence, today revealed the next generation of its Policy Protect product through the addition of “Identity Explore”’ – a revolutionary new capability allowing merchants to visualise customer identities and behaviour, tailor customer experience and customise policy decisions.

18 January 2023

Company update/payments

Lightspeed Commerce to cut 300 staff

Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform for merchants around the world to simplify, scale, and create exceptional customer experiences, today announced a reorganization to streamline the Company's operating model while continuing to focus on profitable growth.

17 January 2023

Company update/payments

Clik2Pay rolls out account-to-account payments for Shopify stores

Payment service provider Clik2pay announced it has developed an industry changing application which allows any Shopify store to seamlessly offer a direct-from-account payment option to customers.

17 January 2023

Company update/payments

Lynk adds Pay by Bank to payments platform

Lynk, the branded payment solution providing merchants a secure alternative to costly credit card processing fees while powering customer loyalty programs, today announced it has added Pay by Bank, the No. 1 customer-requested feature, to its platform.

17 January 2023

Company update/payments

ACI Worldwide debuts Wallet Hub for merchants

ACI Worldwide, a global leader in mission-critical, real-time payments software, today announced the launch of ACI Wallet Hub, an integrated network that connects merchants in 70+ countries to a single hub for 200+ global and regional digital wallets.

17 January 2023

Company update/payments

GoTyme Bank uses Mambu to 'lift and shift' TymeBank's solutions

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.

17 January 2023

Company update/payments

Alipay taps Splitit for 'Pay After Delivery' installments on AliExpress

Splitit Payments Limited ("Splitit" or the "Company") (ASX:SPT, OTCQX:SPTTY), the only white-label service allowing customers to pay by installments using their existing credit on their payment card at checkout, announces that Splitit and Alipay have formed a partnership to power the 'Pay After Delivery' option for shoppers on AliExpress, a global eCommerce marketplace owned by the Alibaba Group.

16 January 2023

News/payments

Alibaba sells $126 million stake in Paytm

Chinese e-commerce giant, Alibaba Group, sold a 3.1% stake in the Indian digital payments firm, Paytm, via a block trade on Thursday.

13 January 2023

Company update/payments

Wordline connects with Lidio Payment Services in Turkey

Worldline [Euronext: WLN], a global leader in payments services, has announced a strategic partnership with Lidio Payment Services Inc (Lidio), one of Turkey’s leading Fintech companies.

12 January 2023

Company update/payments

BigCommerce selects Vyne as A2A payment partner for online merchants

Vyne, the specialist account-to-account payments platform, today announced a partnership with BigCommerce (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands that allows consumers to make highly secure payments in just three taps.

12 January 2023