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  • Food takeout startup Faasos plans to raise $100 million

    Food takeout startup Faasos plans to raise $100 million


    2019-03-18 [ Industry News ]


    Since October last year, Faasos, an Indian food takeout startup, has been working to raise $100 million. At present, the first phase of $15.8 million is in place, with Sequoia India as the lead investor and Lightbox and Evolvence India as the participants.After this round of financing, Red Shirt India will hold 7.44% of the company, Lightbox will increase its stake in the company to 18.8%, and Evolvence India will change its stake to 2.14%. It is reported that the company is valued at $200 million in the latest round of trading.Faasos was founded in 2004. The two co-founders are Jaydeep Barman......

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  • South Africa urges welfare recipients to register biometrics

    South Africa urges welfare recipients to register biometrics


    2019-03-18 [ Industry News ]


    South Africa's Government Institutions Pension Fund (GIPF) has urged all annuitants such as pensioners, children and spouses that receive a monthly pension benefit from GIPF to visit their nearest GIPF office to register for biometrics. Annuitants should ensure they are registered and to verify three times a year during from November to February, the fund said, reported New Era. If annuitants fail to register or verify within the allocated time frame, their pension benefits will be suspended and will only be activated upon registration or verification.”Verification is the pr......

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  • UnionPay Partners With International Champions Cup 2019

    UnionPay Partners With International Champions Cup 2019


    2019-03-18 [ Industry News ]


    Football is a worldwide sport, known in commercial circles as “the beautiful game”, that engages millions of fans from hundreds of countries. It’s no wonder that a worldwide brand would want to engage with the sport as well.UnionPay, a globally recognized payments network that we’ve covered in the past, will be aligning itself with the International Champions Cup in 2019. The event will feature a group of some of the premiere clubs in Europe competing in the offseason for this yearly accolaid. “We are thrilled to once again be partnering with UnionPay, a key relationship in the developmen......

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  • Retailers: Mobile Shopping And Mobile Payments Don’t Always Connect

    Retailers: Mobile Shopping And Mobile Payments Don’t Always Connect


    2019-03-10 [ Industry News ]


    The smartphone is a major part of everyday life for a lot of people out there, and for good reason. This device is the center of social lives, information gathering, even filling a few quiet minutes in the day with something to do. Its connection to shopping, meanwhile, is somewhat different than what some might expect. A recent study from RootMetrics by IHS Markit says that smartphones are a big part of life, but mobile payments and mobile shopping don’t always connect.Smartphones are a big part of life, as the study says, which makes such a point clear immediately by noting that 23 percent o......

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  • The Mobile Payments Market Through 2026 Projects Growth Ahead

    The Mobile Payments Market Through 2026 Projects Growth Ahead


    2019-03-10 [ Industry News ]


    Sometimes it might seem like the mobile payments market is a bit stagnant. Sure, we hear about new developments all the time, and new use cases keep cropping up, but it doesn’t often seem like we see a lot of people pulling out their smartphones at restaurants or retailers. A new report from IT Intelligence Markets, however, notes that this market is not only growing, but is poised for substantial growth through 2026.The IT Intelligence Markets report notes that the mobile payments market is set for a compound annual growth rate (CAGR) of over 33 percent in the period between 2019 and 2026. Th......

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