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China, boasted over $811.96 billion in e-commerce sales in 2016, 122 million outbound travellers, and a record number of students studying abroad. This has created a booming opportunity for global marketplaces, marketplace sellers, e-commerce retailers and online travel agencies. China is now consistently considered a top geographical priority for global payment growth strategy. However, for all those flocking to [...]
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First Data has agreed to acquire smaller payments processing company CardConnect in a deal worth around $750 million, the companies said on Tuesday. First Data will pay $15.00 per share in cash for CardConnect, whose stock jumped to as much as $15.15, indicating some investors expect a better offer – according to Reuters. The deal would be the [...]
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Payments processor RS2 Software has announced a partnership with Alpha Payments Cloud to provide banks in Thailand with access to multiple financial and non-financial services through a single integration. This helps them to cut the costs and complexity of back-office integration, and increase functionality and customisation. Thailand’s e-commerce market is on track to be one [...]
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According to an article which first appeared in the FT, the digital revolution sweeping through the banking sector is set to wipe out almost two-thirds of earnings on some financial products as new technology companies drive down prices and erode lenders’ profit margins. This is one of the main predictions by the consultancy McKinsey in [...]
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