Tag: E-commerce
Klarna sells checkout business to investor consortium
Klarna has finalized a deal to sell its online checkout service, Klarna Checkout (KCO), to a consortium of investors...
CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds
Ruling Overview:Agency: US Consumer Financial Protection Bureau (CFPB).
Decision: Designates buy now, pay later (BNPL) firms as...
Cooperative Bank of Oromia in Ethiopia partners Mastercard for prepaid cards and Community Pass
Overview:Entities Involved: Cooperative Bank of Oromia (Ethiopia) and Mastercard.
Agreement: New five-year strategic partnership aimed at boosting digital...
Turkish fintech Iyzico acquires Paynet in $87m deal
Turkish fintech Iyzico is acquiring Paynet, a B2B and B2B2C payment solutions provider, from parent company the Arena...
Bolt appoints interim CEO as Maju Kuruvilla departs
Leadership Change at Bolt:Maju Kuruvilla, who served as CEO of San Francisco-based fintech Bolt for over two...
Flutterwave names ex-CBN director Dipo Fatokun as new board chair
Flutterwave, an African paytech unicorn, has appointed Dipo Fatokun, a former director at the Central Bank of Nigeria...
PayPal extends payment options for online SMEs with new solution
PayPal Launches Complete Payments for SMEs:New Offering:PayPal has introduced a new solution called "PayPal Complete Payments" targeting...
ABN Amro partners Dutch paytech Buckaroo for merchant payment services
Dutch bank ABN Amro has chosen Buckaroo to provide online and point-of-sale merchant payment services for its retail...
UK open banking fintech Kikapay winds down
Company Closure:London-based fintech Kikapay, founded in 2018, is winding down operations.
Platform facilitated single immediate and fixed...
Blackhawk Network inks agreement to acquire Rewards-as-a-Service platform Tango Card
Acquisition Agreement: Blackhawk Network (BHN) has signed an agreement to acquire the Rewards-as-a-Service (RaaS) platform Tango Card.
Tango...
BNPL firm Billink fuels European expansion plans with $32m funding from Varengold Bank
Funding Boost: Dutch paytech Billink secures a $32.1 million investment from Germany's Varengold Bank for its buy now, pay...
Paymob lands PSP licence from Oman’s central bank
Paymob, a MENAP-based fintech, is now licensed as a Payment Service Provider (PSP) by the Central Bank of...