Southeast Asia Driving e-Commerce Globally

Southeast Asia Driving e-Commerce Globally

The world’s fastest-growing region for e-commerce revenues, exceeding US$25 billion by 2020 is Southeast Asia. In 2015, the market earned US$11 billion despite several acquisitions, market exits, and many online retailers struggling to achieve profitability. While significant challenges persist, Frost & Sullivan remains optimistic about the growth potential of e-commerce in Southeast Asia. Analysis of…

Details
Boku Raises Funds to Expand Carrier Billing Connections

Boku Raises Funds to Expand Carrier Billing Connections

Boku has landed $13.75 million in further venture funding to expand carrier billing across numerous carrier connections in developed and emerging markets around the globe. Boku continues to grow in emerging economies, while simultaneously executing a strategy to penetrate and grow in developed markets. Several of Boku’s existing venture investors from Silicon Valley have followed…

Details
UnionPay Card Acceptance Become Ubiquitous in th USA

UnionPay Card Acceptance Become Ubiquitous in the USA

Nearly all the ATMs in the US accept UnionPay cards for cash withdrawal and over 80% of the local merchants accept UnionPay credit cards. In tourists’ favorite destinations such as New York, Hawaii, San Francisco, Los Angeles, Orlando and Chicago, UnionPay’s acceptance coverage in well-known shopping centers and Outlets has exceeded 90%. With one UnionPay…

Details
China POS Terminals Explode 43% YOYin 2015

China POS Terminals Explode 43% YOYin 2015

With the development of electronic information technology and Internet technology, emerging payments like online payment, mobile payment and fixed-line phone payment have produced certain shunting effect on e-payment in the traditional consumption areas as well as exerted an influence on POS terminal-based e-payments. However, POS terminal manufacturers have taken the initiative to adapt to the…

Details