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TikTok has entered into a joint venture with Indonesian tech company GoTo to resume its online shopping operations in the country.
partnership, social commerce, ecommerce, online shopping
Joshua Chong, Analyst at Kapronasia, provides insights into the development of digital payments in Asia and the evolution of e-wallets in particular.
payments , digital payments, ecommerce, payment methods, digital wallet, account-to-account payment, SoftPOS, local payment method
Nigeria-based Funds & Electronic Transfer Solutions (Fets) has partnered with UnionPay International to issue virtual cards through the Fets app in Nigeria.
virtual card, mobile payments, digital wallet, digital payments, central bank
China-based UnionPay International has partnered with Singapore-based ecommerce platform Lazada to support international online transactions.
partnership, online payments, ecommerce, expansion
China-Based TikTok has revealed its plans to obtain a payments licence in Indonesia and is working with regulators towards this goal.
regulation, ecommerce, payments , expansion
Ecommerce platform Lazada Group has announced the launch of an AI chatbot in Southeast Asia powered by the OpenAI ChatGPT tech in Microsoft Azure OpenAI Service.
partnership, product launch, chatbot, artificial intelligence, online shopping, ecommerce, fintech, merchants, compliance, Microsoft, digitalisation, customer experience
Ecommerce platform Lazada Group has launched ladasolutions.com, an e-learning website that offers bite-sized, self guided courses on Lazada Sponsored Solutions (LSS) to anyone.
ecommerce, certification, Alibaba, product launch, payments
JD.com has pulled the plug on its Thailand and Indonesian platforms in a setback for the company’s overseas expansion efforts.
ecommerce, data, cross-border ecommerce, supply chain finance, merchants
Philippines-based finance company Asialink has teamed with ecommerce platforms Lazada and Shopee to offer an easier way for clients to pay their loans, according to a recent statement.
partnership, ecommerce, marketplace, retail, ecommerce platform
China-based Alibaba Group has sold a 3.1 percent stake in India-based digital payments company Paytm worth USD 125 million through a block deal.
payments , ecommerce, cross-border ecommerce, marketplace, digital payments
Alibaba has rolled out Daraz Flex, an outsourcing platform allowing users to earn money by completing tasks such as working as a last-mile delivery person or warehouse assistant.
ecommerce, gig economy, product launch, Alibaba
The Paypers studied the most relevant investments announced during Q3 2022. While the global fintech industry is growing at a slower pace compared to 2021, BNPL, embedded finance, and lending still seem safe investment bets.
fintech, investment, BNPL, embedded finance, funding, financial services, mobile banking, COVID-19, startup, neobanks, The Paypers Quarterly Analysis series
Swiss department store chain Globus has teamed up with credit card company Swisscard to offer American Express Platinum Card holders exclusive benefits.
partnership, credit card, loyalty programme, merchant, ecommerce, luxury goods
Alibaba’s Lazada Group has announced it is preparing to launch into Europe, according to a Bloomberg report.
expansion, ecommerce, marketplace, cross-border logistics
Digital wallet DANA has raised USD 250 million from local conglomerate Sinar Mas and Alibaba.com-owned Lazada Group to expand in Indonesia.
e-wallet, funding, investment, mobile payments
UK-based Atlantic Money has gone live in the UK and raised USD 3 million to expand internationally.
money transfer, product launch, funding, expansion, remittance
Singapore-based ecommerce platform Lazada has partnered with Radin Mas constituency to help heartland merchants and hawkers sell goods and services on the new dedicated Lazada page.
ecommerce, merchants, online platform, cashback, digitalisation
Andy Huang, Chief Logistics Officer at Lazada Group: ‘If we are to create a sustainable and inclusive ecommerce logistics ecosystem, integrating logistics activities both within and beyond a business will be key.’
ecommerce, digitalisation, artificial intelligence, sustainability , Lazada
Dowsure raises USD 20 mln to fund cross-border ecommerce growth.
lending, API, ecommerce, Amazon, data analytics, credit scoring
Singapore-based cross-border payments provider Thunes has announced plans to expand its operations in China, Hong Kong, Taiwan, and Macau.
Thunes, expansion, cross-border payments, online payments, ecommerce