COPENHAGEN – Cegid, a European leader in cloud business software, and Shine, a fast-growing fintech unicorn, announced Wednesday a definitive agreement to merge, creating a new powerhouse in software for small and medium-sized businesses (SMBs) and their accountants across Europe. The combined company aims to form the first fully integrated, cloud-native, and AI-driven financial hub…
SYDNEY: Australian digital payments firm Findi Ltd said on Tuesday it has arranged a new A$30 million ($19.5 million) debt facility, agreed to acquire technology firm Sphere, and provided financial guidance for fiscal 2026, as it prepares for a planned Indian initial public offering. The new funding will replace an existing A$9.5 million facility…
INDIANAPOLIS: Theatre Capital has acquired AllPaid Inc., a leading provider of secure digital payment solutions for government agencies and municipalities across the United States. The acquisition marks a strategic move by Theatre Capital to expand its portfolio of transformative technology investments. Founded in 1999 and headquartered in Indianapolis, AllPaid enables citizens to make secure…
LONDON: MobilityOne Limited (AIM: MBO), a leading provider of e-commerce infrastructure payment solutions and platforms, announced its audited financial results for the year ended December 31, 2024, revealing a decline in revenue and an increased net loss amid softening demand in its core Malaysian market. The company reported a 4.74% drop in revenue to…
Digital transformation is reshaping how governments handle public finances, from tax systems to financial reporting. While developed nations have long used advanced technologies like AI and blockchain, SAARC countries are rapidly adopting these tools to modernize their economies. This article examines the digital progress in SAARC nations, compares their strategies with those of developed economies, and…
PARIS, FRANCE: Crédit Agricole and Worldline have received the green light from the European Commission to establish a joint venture aimed at revolutionizing digital payment services for merchants across France. The partnership is set to position the new entity as a formidable force in the French payment services sector. The inaugural Board meeting, which…
In today’s digital world, sending and receiving money online has become an everyday occurrence. With the rise of e-commerce, social media platforms, and mobile payment apps, it’s easier than ever to transfer funds quickly and securely without having to leave your home. But how exactly do these services work? To answer that question we…
SYDNEY, AUSTRALIA: Jumbo Interactive Limited (ASX:JIN) has entered into an agreement to acquire StarVale Group, through a newly incorporated wholly-owned entity, Jumbo Interactive UK Ltd. StarVale is a leading UK External Lottery Manager (ELM) and digital payments company, and the acquisition aligns with Jumbo’s strategy to build scale in its Managed Services and Software-as-a-Service…
Pakistani consumers are increasingly stepping away from cash and putting their trust in digital payments in both in-store and online environments during the pandemic, according to the 2021 Stay Secure survey by Visa. Cash is unlikely to return to its previous high level of use According to the study, the use of cash in…
LONDON: PayPoint Plc has completed the acquisition of RSM 2000 Ltd, a leading digital payments business providing innovative solutions to a significant number of clients across diverse sectors, including charities, not-for-profit organisations and SMEs in the UK. PayPoint is well-placed to take advantage of the trends that have accelerated over the past year due…
KARACHI: Visa, the world leader in digital payments, released results of a survey on the impact of the COVID-19 pandemic on payment behavior of consumers in Pakistan, which are going cashless. Visa’s Stay Secure survey also looks at consumers’ general views, preferences and concerns related to digital payments and offers key insights for merchants.…
LONDON, UK: TBC Bank Group; subsidiary TBC Bank in Uzbekistan, has obtained its banking licence and is planning to launch banking operations in June 2020. TBC’s strategy is to establish a greenfield, next-generation banking ecosystem for retail and MSME customers in Uzbekistan with a primary focus on digital and partnership-driven channels. Given the current…