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Gulf Capital acquires fintech firm Saudi Geidea

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 Insights

07-May-18 Gulf Capital has acquired a strategic stake in fintech firm Saudi Geidea to boost its presence in the payment and digital financial transactions sector in the GCC. The total value of the transaction is AED978 mn (USD266 mn). [image: Geidea]

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Jumia sets its sights on an expanding Egyptian e-commerce market

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 Insights

07-May-18 Africa’s leading online shopping platform, Jumia, wants tenfold growth in revenue from Egypt. Jumia Egypt’s chief executive, Hesham Safwat, says he's urging the government to regulate informal retailers by offering them tax incentives when they market their goods online. [image: Bloomberg News]

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Cross-border is becoming a reflex for e-shoppers

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 Insights

07-May-18 E-commerce is set to account for 14.6% of global retail sales by 2020. China will lead the way and around the world shoppers who shop from international retailers benefit from better prices and greater access to products. [image: Lengow / IMRG]

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Emerging markets will transform e-commerce

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 Insights

07-May-18 Emerging markets are essential for e-commerce growth, as retailers in developed markets may soon reach saturation in terms of consumer growth. E-commerce penetration rates in these areas hover between 2% and 6%, presenting a huge opportunity for future growth. [image: Shutterstock / Retail In Asia]

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Singtel and Razer to create e-payment network in Southeast Asia

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 Insights

04-May-18 Singtel Group and gaming technology company Razer have signed a MoU to foster collaboration in e-payments, e-sports, gaming-related digital media and telecommunication, offering Singtel's mobile wallet users access to Razer's merchant network of over 1 mn payment points. [image: Open Gov]

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