After months of speculation, Indian e-commerce marketplace Snapdeal has finally received $500m of investment from Alibaba, SoftBank and Foxconn. |  | | | | 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. |  | | | 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. |  | | |
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. |  | | |
Andreesen Horowitz has announced the appointment of Alex Rampell as its new general partner. |  | | |
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). |  | | | | |
