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‘Ecommerce is not in competition to bricks and mortar retail, but an additional tool for retailers to use to sell their products and to improve their customer experiences. Retailers that refuse to recognise this “new normal” will fail.’
Karen Nadasen, PayU South Africa, PayU, ecommerce, Ecommerce Forum South Africa, South Africa, credit cards, retail microfinance, financial inclusion
US-based financial services company Intuit has announced buying personal finance website Credit Karma for about USD 7.1 billion in cash and stock.
Intuit, Credit Karma, credit scoring, mergers and acquisition, acquisition, TurboTax, tax-filing platform, online payments, fintech, financial technology, United States
US-based investment bank Morgan Stanley has entered an agreement to acquire E*TRADE Financial Corporation in an all-stock transaction valued at ~USD 13 billion.
Morgan Stanley, E*TRADE, investment bank, acquisition, mergers and acquisitions, brokerage, online brokerage, private equity, Wall Street, Stock Exchange, stock brokerage, United States, US
HSBC, Standard Chartered, and 10 other banks, have launched a blockchain-based trade finance platform in Hong Kong, called eTrade Connect.
HSBC, Standard Chartered, trade finance platform, Hong Kong, eTrade Connect, blockchain technology, Agricultural Bank of China, BNP Paribas
Singapore-based Global eTrade Services has launched Open Trade Blockchain, a cross-border blockchain service.
Global eTrade Services, cross-border blockchain service, blockchain, cross-border payments, Open Trade Blockchain, trade finance, CrimsonLogic, Singapore
The ecommerce initiative launched at the United Nations Conference on Trade and Development (UNCTAD) in Kenya to help developing countries has been estimated at USD 22 trillion .
UNCTAD, ecommerce, Kenya, developing countries, international community