Mobile Money is Key to Accelerating The Growth of M-Commerce
Jan 28, 2014 (Tue): MEF’s first report in its Global Consumer Insights Series on Mobile Money has revealed that 15 percent of mobile media users made some form of mobile payment to make a purchase in 2013. Majority of mobile payment users were using mobile wallet especially based on Near Field Communications (NFC) technology. The report also shows: Mobile money users is 26 percent more likely to purchase via mobile Mobile money users...
Argentinian Government Sets New Restrictions in Cross-border E-Commerce
Jan 28, 2014 (Tue): Argentina’s government has implemented new Gazette that restricts Argentinians to buy not more than two items and not more than US$25 worth of goods from foreign e-commerce websites each year. The objective of the new regulation is to reduce the amount of currency leaking out of the country. If Argentinians want to buy more than two items and US$25 a year, they need to register themselves with the government as...
PricePanda Secures New Round of Funding for Further Expansion
Jan 28, 2014 (Tue): The price comparison platform PricePanda has secured USD3 million from Tengelmann Group. Christian Schiller, Co-Founder and Managing Director PricePanda: “We are delighted to have secured this new round of funding, which will enable us to continue our growth trajectory in existing markets, expand into further countries, scale our operations and continue to enhance our service. When we started our company in 2012,...
BNI to Expand Its Remittance Representative Outlets in Malaysia
Jan 27, 2014 (Mon): Bank Negara Indonesia (BNI), an Indonesia’s state-owned bank will expand its remittance representative outlets in Malaysia from current six outlets, Bernama reports. According to BNI Deputy Division Head for Corporate Communication Harriny Yulianty, 40 percent of its total remittances were contributed by Indonesians working in Malaysia. The total remittance from Malaysia recorded at US$8.5 million last...
XOX Aims to Hit 1M Subscribers in 2014
Jan 27, 2014 (Mon): The group CEO of XOX Bhd, Ng Kok Heng said that the company aims to increase its subscriber base by one million users this year, the Sun Daily reports. XOX currently has about 300,000 active subscribers and majority of them (95%) are prepaid customers. Last week, XOX signed a MoU with Badminton Association of Malaysia (BAM) as its official mobile technology sponsor, for the company to introduce its products to the...
CIMB Banking Services Will Shut Down on 31/1 – 3/2 for System Upgrade
Jan 27, 2014 (Mon): CIMB Bank has announced that CIMB Clicks will be temporarily unavailable from 11.45 pm, Friday, 31 January 2014 to 6.00 am, Monday, 3 February 2014 to facilitate a system upgrade. During this period, CIMB banking services including ATM, Cash Deposit Machines, Cheque Deposit Machines, Foreign Currency Dispenser, Debit Card Transactions, Mobile Banking and Self-Service Phone Banking will be affected. After the...
Android Users Can Manager Their BigCommerce Store Anywhere with New Launched Mobile App
Jan 27, 2014 (Mon): BigCommerce released its new iPhone app that allows online sellers to manager orders, customers and products on the go last year. Finally, BigCommerce released its new app for Android users last week. The new launched app also lets online sellers use a phone or tablet to manage their store from wherever they are.
Stripe Opens Its Beta in Europe
Jan 26, 2014 (Sun): The PayPal’s rival, Stripe has announced that its betas which was launched in Australia, Belgium, Finland, France, Germany, Luxembourg, the Netherlands and Spain last year now is available for anyone to try. Before that, the betas were only available for invited users in the beta countries. Stripe is working to enter into more countries across Europe.
Classified Site for Automotive Industry Enters Indonesia and Philippines
Jan 25, 2014 (Sat): Carmudi.com, the vehicle marketplace enables customers to easily find or sell their car, motorcycle or commercial vehicle online in Asia, Africa and Latin America has expanded into Southeast Asia after entering Philippines and Indonesia market. “With rapid growth in the automotive industry in both the Philippines and Indonesia our move into these markets is a logical step in our expansion strategy. Indonesians and...
Financial Data Leads The Malicious Spam Hit List for Third Year in a Row
Jan 24, 2014 (Fri): The experts at Kaspersky Lab have summarized spammer activity for 2013: The proportion of spam in email flows was 69.6% in 2013, which is 2.5 percentage points lower than the previous year The percentage of emails with malicious attachments was 3.2% – 0.2 percentage points lower than in 2012 32.1% of phishing attacks targeted social networks The biggest sources of spam were China (23%) and the USA (18%) The...
