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Dear Customer, We have launched AI powered KYC & KYB facility for New customer account opening.

March 2, 2023
By admin

BIS invites comments on ISO 20022 harmonization proposals

The Bank for International Settlements has opened a consultation on proposals to harmonise the use of the ISO 20022 financial messaging standard in cross-border payments transfers.   ISO 20022 provides a common language for payments that allows for richer and more structured data to be shared via standardised messages. At present, the fragmentation and mixed […]

March 2, 2023
By admin

Wise rebrands as customer numbers reach 16 million

Money transfer firm Wise has unveiled a new look and feel as it reaches 16 million customer worldwide.   The complete visual makeover features a fresh green palette and a new font, and draws from global currencies, languages, alphabets and places around the world. Kristo Käärmann, co-founder and CEO of Wise comments: “Our new look […]

March 2, 2023
By admin

Autohero sales worth 1 billion euros

Used cars retailer Autohero.com generated 1 billion euros in sales in 2022. That is an increase of over 80 percent compared to the year before. This is mostly due to raising prices of used cars following supply chain shortages.   Autohero is owned by the German Auto1 Group, which also owns Wijkopenautos.nl in the Netherlands […]

March 1, 2023
By admin

Klarna reports $1 billion loss

Swedish buy now, pay later giant Klarna continues to bleed red ink, posting a $1 billion loss for 2022, 47% up from a $680 million loss in 2021. Klarna has been promising investors a pathway to profitability in 2023, with Q4 figures showing steady growth in gross merchandise volume (GMV) and a 19% uplift in revenue. […]

March 1, 2023
By admin

Payments intelligence firm Pagos raises $34m

Pagos, a payments intelligence startup founded by Braintree and PayPal vets, has raised $34 million in a Series A round led by Arbor Ventures. Point 72 Ventures, Infinity Ventures and Underscore VC joined the round, proceeds of which will be used to expand the Pagos engineering team and further develop the platform’s enterprise product suite. […]

March 1, 2023
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Bank of England says digital pound “more likely than not”

Bank of England deputy governor Jon Cunlifffe has told a committee of MPs that a digital pound has a better than 50/50 chance of coming to fruition. In remarks before the Treasury Select Committe, Cunliffe said that the creation of a digital pound would open up new frontiers for payments innovation, citing possibilities arising from […]

March 1, 2023
By admin

Guidelines On How To Become Successful In Business Intelligence

Do you want to advance in your career? Business intelligence may be the key to your success. With the right skills and knowledge, you can become a valuable asset to any company. But what exactly is business intelligence, and how do you become successful in this field? Read on to find out. Define your goals […]

February 23, 2023
By admin

Zalando increases rates for merchants

Until now, the German marketplace only charges a commission for successful sales by partners. In the past few months, marketplaces Amazon and eBay have also increased their rates for sellers. Subscription fee of 480 euros Selling through Zalando will become more expensive starting July 1st. The ecommerce giant will introduce a flat subscription fee for partner […]

February 19, 2023
By admin

Secret Sales: 70% year-on-year growth in 2022

Online fashion marketplace Secret Sales has reached a 70 percent year-on-year growth in sales in 2022. This was largely driven by the company’s international expansion last year. It expects to maintain a growth of 85 percent this year. Growth driven by expansion After its acquisition in 2020, the outlet marketplace Secret Sales has been growing […]

February 10, 2023
By admin

BeCommerce and SafeShops will merge

Belgian ecommerce associations BeCommerce and SafeShops.be have announced a merger today. The new organization focuses on boosting Belgian ecommerce. Greet Dekocker, who assumes day-to-day management of the new association, informed Ecommerce News by phone that the new name and branding are still being developed. Both BeCommerce and SafeShops.be are organizations that aim to increase consumer […]