Mobile Payments News

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• June 2024: Oracle Payments Cloud Service has officially launched in the UK, catering to businesses like restaurants, pubs, and stadiums. This service allows these establishments to offer guests flexible payment options, all while ensuring competitive pricing and simplified reporting and reconciliation, free from the worry of fluctuating fees. In a bid to further assist restaurants in managing payments seamlessly across various channels, Oracle has introduced Oracle Checkout. This innovative solution offers brands a comprehensive payment system, suitable for in-store use and easily integrable with their e-commerce platforms, spanning websites, mobile applications, and third-party aggregators.
• March 2024: Ryft, an innovative payments provider, announced a strategic partnership with the global payments provider American Express (Amex). This collaboration aims to enhance payment flexibility for UK e-commerce merchants, enabling them to accept Amex Card payments efficiently.
• June 2024: Enfuce, an issuer processing, has teamed up with allpay Limited, the foremost payments solutions provider in the UK. This collaboration aims to embed advanced, secure cloud-based card payment solutions into various public sector services across the UK, including local councils.

• September 2024: Flipkart has inaugurated 11 new fulfillment centers (FCs) spanning nine cities in a bid to cater to the expected surge in demand during the forthcoming festival season. This move aligns with a broader trend, as e-commerce and quick commerce firms bolster their supply chain infrastructures in anticipation of the festive rush. With these additions, Flipkart's network of FCs nationwide swells to 83. Furthermore, the company projects that its supply chain expansion will generate upwards of 100,000 job opportunities throughout India.
• January 2024: Apollo Supply Chain, the logistics arm of the Apollo Group, has unveiled a comprehensive e-commerce fulfillment and shipping service tailored for D2C (direct-to-consumer) brands. Dubbed "alfa," the service boasts strategically positioned fulfillment centers in cities such as Delhi NCR, Kolkata, Guwahati, Bengaluru, Chennai, and Hyderabad, with the goal of reducing logistics costs and enhancing delivery speed.

• October 2024: Kuady, a payments service processor, announced the expansion of its digital wallet services into Mexico, building on its successful rollout in Peru, Chile, and Argentina. This expansion offers a seamless and secure experience for managing money through a user-friendly e-wallet app.
• September 2024: Mexican Unicorn Clip, renowned for its mobile point-of-sale (POS) terminals catering to SMB merchants, has successfully secured a $100 million funding round. This capital injection aims to broaden its portfolio, introducing a digital wallet and an upgraded POS system tailored for larger enterprises.

• March 2024: CellPoint Digital has partnered with La Compagnie, a France-based airline, to help the later optimise its payment processes, lower transaction costs, and provide flexible payment options.
• November 2024: CellPoint Digital, a UK-based paytech, has landed a USD 30 million investment from London-headquartered asset manager Toscafund and its private equity arm, Penta Capital. This strengthens the partnership between CellPoint Digital and the USD 4.5 billion-asset manager, which has supported the paytech with several investments, including a USD 25 million round closed in 2022.

• November 2024: Fusion Bank in Hong Kong has launched its next-generation core banking system after a series of successful data migrations and business validations. Leveraging WeBank’s digital banking technology framework, the new system enhances operational efficiency, allowing the bank to swiftly adapt to market changes and pave the way for future innovations and business growth.
• July 2024: 10x Banking, a cloud-native core banking platform, has unveiled a groundbreaking 'meta core' technology. This new category of core technology aims to expedite the transformation journey for banks and financial services. This announcement comes on the heels of 10x Banking securing USD 45 million in funding this January, with backing from prominent investors BlackRock and J.P. Morgan.

• December 2024: The team at BuySellVouchers announced the launch of more than 50 new gift card categories to its already expansive selection of digital gift cards. It provides a platform for gift card sellers and buyers to meet in a trusted hub to perform the transaction.
• September 2024: The National Health Authority (NHA) and IIT Kanpur have signed an MoU under the Ayushman Bharat Digital Mission to advance AI in healthcare. This collaboration aims to develop a digital public goods platform for AI-driven health research, enabling the comparison and validation of AI models.

• March 2024: Lowe's has partnered with Google to develop an innovative retail media solution. By integrating Lowe's extensive customer data with Google's advanced advertising technology, the collaboration aims to deliver targeted advertising opportunities for brands in the home improvement sector. This will enable these brands to engage more effectively with consumers on Google Search and Shopping platforms. Currently, the initiative is in a closed beta phase, positioning Lowe's among the first retailers to test this new advertising approach.
• April 2024: Home Depot announced that the company has rebranded its advertising division from Retail Media+ to Orange Apron Media. This shift underscores the company's dedication to enhancing its retail media network and attracting a broader range of brands to its advertising platform. The name "Orange Apron Media" is inspired by the iconic orange aprons worn by Home Depot employees, symbolizing the company's commitment to service and expertise. This rebranding effort aims to establish a distinct identity for Home Depot in the competitive retail media sector.

• October 2024: O2 Commerce, a full-service agency with a proven track record in the development and performance of integrated, scalable, and ZaneRay, an award-winning web design and development agency renowned for its work in the outdoor industry, have announced a merger. This partnership, built on the combined expertise of both companies, will strengthen their ability to deliver sophisticated and personalized digital commerce experiences to customers across North America.
• January 2024: Rokt, an e-commerce technology company that uses machine learning and AI to serve relevant offers to shoppers, has announced a partnership with delivery giant Deliveroo. The partnership is launching in the UK and France, with plans to expand into Ireland soon after. Rokt will bring various advertisers to Deliveroo's platform, including Skin+Me, LookFantastic, Pure Pet Food, and Headspace.

• September 2024: Connectly, one of the prominent player in conversational commerce, announced its USD 20 million Series B investment led by Alibaba, with participation from Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures and Philippos Kourkoulos Latsis.
• June 2024: Gupshup, the world's leading Conversation Cloud has announced India's very first Conversational Buyer App on the ONDC network, at their flagship event Conversations 2024 in Delhi. It enables buyers to use a WhatsApp-based conversational UI to discover, browse, and buy products from sellers across the ONDC network, without needing to download any other mobile app.

• August 2024: Wise Payments plans to resume signing up new customers in India for overseas remittances, aiming to capture a larger share of the USD 32 billion market after upgrading its infrastructure and complying with RBI regulations.
• July 2024: Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised USD 40 million equity in a rare deal that becomes one of the largest Series A transactions in Africa.