Toyota-backed Kenyan logistics startup Sendy raises $20mn in Series B funding round
Sendy currently has around 50,000 customers and offers its services to over 4,000 businesses across key cities of Kenya...
Tag : eCommerce
PayPal acquires Honey Science for $4 bn to improve CX
The acquisition will help PayPal to improve customer shopping experience and boost ecommerce sales for merchants...
Saudi Arabian logistics startup Esnad covers 80% market in 6 months
It is the 11th KSA cargo company to be granted an express courier license to operate customs clearance and last-mile delivery...
Ecommerce: Fraud by customers on the rise
Buyers increasingly using chargeback option to get refund for their products Suparna Goswami Bhattacharya October 3, 2016: Online merchants are facing a new problem — fraud by customers. Firms are increasingly facing malicious activity in the form of chargeback or friendly fraud. According to Visa, chargeback fraud has been growing at around 41% every year,...
ACI Worldwide integrates Ethoca Alerts into payments gateway
Strengthens fraud and chargeback prevention for card issuers and online merchants August 18, 2016: ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced an integration agreement with Ethoca, a leading provider of collaboration-based technology solutions for card issuers and online merchants. ACI will integrate Ethoca’s flagship service, Ethoca Alerts, into its UP eCommerce...
SoftBank to sell Alibaba shares, raise $7.9 billion
But will continue to be the largest shareholder of the ecommerce giant June 3, 2016: Japan’s SoftBank announced that it will sell at least $7.9 billion in shares of China-based ecommerce giant Alibaba to raise capital. Softbank is Alibaba’s largest shareholder. It owns about 32 percent of the shares. The transactions will bring the figure...