After months of speculation, Indian e-commerce marketplace Snapdeal has finally received $500m of investment from Alibaba, SoftBank and Foxconn. *|MC:SUBJECT|*
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20th August 2015
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Headline News

After months of speculation, Indian e-commerce marketplace Snapdeal has finally received $500m of investment from Alibaba, SoftBank and Foxconn.

Alibaba finally invests $500m in Snapdeal
 
New Products & Technology

According to multiple reports, digital currency exchange BTCGreece is planning to install 1000 bitcoin ATMs throughout Greece, after popularity for the cryptocurrency soared during the country’s economic meltdown.

Greece set to gain 1000 bitcoin ATMs
 

The Reserve Bank of India (RBI) has given ‘‘in-principal’’ approval for the creation of 11 new payment banks, in an attempt to improve financial inclusion within the sector.

RBI gives go ahead for payment bank revolution
 
M&A

In a recent blog post, Bill Ready, SVP of Merchant and NextGen Commerce at PayPal, confirmed the purchase of Modest, an e-commerce tool that enables merchants to sell goods on multiple platforms.

PayPal acquires 'contextual commerce’ firm Modest
 
Career Moves

Andreesen Horowitz has announced the appointment of Alex Rampell as its new general partner.

Andreesen Horowitz appoints TrialPay CEO as general partner
 
Insights & Analysis

Mobile payments are predicted to rise to $1 trillion in 2017, boosted by significant growth in the Asia/Pacific region, according to a new report from the International Data Corporation (IDC).

Mobile payments to total $1 trillion in 2017
 
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