Tag: Payments
These undergraduates left university to build Flux, a payments startup now in YC
Traditional remittance companies, while necessary, currently have two flaws in speed and exorbitant fees. It can take a long while (days to weeks) for money sent from an immigrant in the U.S. to reach a relative in Nigeria. The fees charged depend on the amount sent — and let’s not…
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Social+ payments: Why fintechs need social features
John S. Kim Contributor John S. Kim is CEO of Sendbird, makers of a customizable chat and messaging API service for mobile and web applications. Social+ companies are upping the stakes for everyone by giving consumers multiple benefits at once: products that serve a purpose but also meet our need…
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A crypto company’s journey to Data 3.0
Michael Li Contributor Data is a gold mine for a company. If managed well, it provides the clarity and insights that lead to better decision-making at scale, in addition to an important tool to hold everyone accountable. However, most companies are stuck in Data 1.0, which means they are leveraging…
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Google Play drops commissions to 15% from 30%, following Apple’s move last year
Google will lower its Play commissions globally for developers that sell in-app digital goods and services on its marquee store, the company said, following a similar move by rival Apple late last year. The Android-maker said on Tuesday that starting July 1, it is reducing the service fee for Google…
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Flutterwave and PayPal collaborate to allow African merchants to accept and make payments
It is nearly impossible for businesses in some African countries to receive money from PayPal. While the payments giant has not given reasons why this is so, speculation hints at factors like insufficient regulation and poor banking security in said countries. That might be a thing of the past for…
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Daily Crunch: Stripe valued at $95B
Stripe gets a mind-boggling valuation, Facebook promotes COVID vaccines and Elon Musk has an interesting new title. This is your Daily Crunch for March 15, 2021. The big story: Stripe valued at $95B That’s right: The popular payments company has raised $600 million in new funding at a $95 billion…
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