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…

LAC’s UOL BoaCompra Expands to Chile for Digital Payments

LAC’s UOL BoaCompra Expands to Chile for Digital Payments

UOL BoaCompra, a specialist in digital goods payments throughout Latin America, is expanding into Chile. The company now offers 18 additional local payment methods including the company’s own currency, BoaCompra GOLD, Redcompra, Servipag.com and Khipu (online bank transfers), enabling international game companies to access a rapidly growing online population in Chile. UOL BoaCompra’s portfolio of localized payment options…

PayPal + Xoom

Deal done – PayPal has completed its acquisition of Xoom. With Xoom, PayPal has access to 1.5 million active U.S. customers that sent approximately $7.1 billion in the 12 months ending on September 30, 2015 to people in 40 countries such as Mexico, India, the Philippines, China and Brazil.

Dotz & CNCO

Companhia Brasileira De Servicos De Marketing, operator of Brazil’s dotz loyalty program, in which Alliance Data System’s LoyaltyOne holds a sizeable equity stake, has expanded into the metropolitan area of Rio de Janeiro, with a population of 6.3 million and the second-largest city in Brazil.

WEX + EFS

ME-based WEX has entered into a definitive agreement to acquire Electronic Funds Source for $1.1 billion in cash and 4.0 million shares of common stock to be issued to investment funds affiliated with Warburg Pincus, EFS’ current owner. The acquisition is expected to be immediately accretive to adjusted net income.

Global Online Shopping

New research reveals while international shoppers share some common similarities on how they are finding and buying products online, consumers have unique global shopping preferences and behaviors that vary by country. Retailers looking to expand their brands globally should consider cultural norms and shopping preferences of consumers around the world.