Enabling Technologies

Mobile Commerce Booms for Alibaba

Alibaba’s earnings are on the rise and the growth in the use of mobiles for the commerce transactions is becoming a key driver for Alibaba’s success. During its most recent quarter, Alibaba’s monthly active users on mobiles rose by 77% totalling a staggering 289 million users. The revenues generated by these...

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Lending

Square Raises Additional Capital to Boost its Lending Business

Square recently secured additional outside investments to expand its popular small business financing program, Square Capital. With Square Capital’s first investor, Victory Park Capital, tripling its original investment, and with new money from investors including Colchis Capital, Square will be able to advance hundreds of millions of dollars this year...

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Payments

Payment Processing Companies Serving the Government

Payment processing companies have been designing next generation solutions for consumer and enterprise oriented services. Increasingly, government agencies are also feeling the need to shift to modern payment processing tools and techniques and leave the traditional formats behind. A number of companies are fulfilling the government’s needs through their payment...

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Enabling Technologies

Re/code Says Samsung Bought LoopPay For $250 Million...

Samsung (particularly its payment division) had acquired LoopPay earlier this year but there was no announcement around how much it paid for the acquisition. Now Re/code has reported that the figure is $250 million. Will Graylin (CEO of erstwhile LoopPay) and a Samsung spokesperson both declined to comment on the revelation...

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