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BUSINESS NEWS

Fintech unicorn SumUp raises $ 90,590 million worldwide to promote small business

With its financial solutions, SumUp supports small business owners as they launch, manage, and expand their enterprises. A free business account, card

With its financial solutions, SumUp supports small business owners as they launch, manage, and expand their enterprises. A free business account, card, online store, and invoicing solution are all offered to merchants via SumUps financial services Super App. With participation from funds run by BlackRock, btov Partners, Crestline, and Sentinel Dome Partners, Bain Capital Tech Opportunities led this funding round. With the acquisitions of Goodtill, Tiller, and Fivestars, it has been extended into pointofsale solutions. We stand by our merchants regardless of the environment, whether that be COVID or financial instability, stated MarcAlexander Christ, cofounder, and CFO of SumUp. Read More..

B2B Tech News | 2 years ago        

Elimination of open banking risk factors

The open banking system is beginning to pose some regulatory risk factors. The Central Bank of Nigeria hosted the maiden edition of the Community of A

The open banking system is beginning to pose some regulatory risk factors. The Central Bank of Nigeria hosted the maiden edition of the Community of African Banking Supervisors CABS Fintech forum. The forum focused on the risk factors emerging from open banking and how best to tame them. Open Banking is a system under which banks open up their Application Programming Interfaces APIs, This allows third parties to access financial information needed to develop new apps and services. The global open banking market is currently worth a massive $10.39 billion, and is forecast to reach as much as $37.8 billion by 2026. Read More..

B2B Tech News | 2 years ago        

Reliance Industries looks for innovative ways to produce green hydrogen more affordably.

Reliance Industries Limited. A company owned by Indian billionaire Mukesh Ambani is considering how to create a new electrolytic cell. Kapil Maheshwar

Reliance Industries Limited. A company owned by Indian billionaire Mukesh Ambani is considering how to create a new electrolytic cell. Kapil Maheshwari, head of new energy at Reliance, stated at the BloombergNEF summit in New Delhi that the company also intends to compete for any productionrelated incentives the government may offer. The first stage of the green hydrogen strategy was revealed by the administration of Prime Minister Narendra Modi in February. Read More..

B2B Tech News | 2 years ago        

The wartorn Swedish gaming company is opening new centers in Europe

G5 Entertainment AB, based in Stockholm, has announced the addition of Poland, Turkey, Georgia, and Montenegro to its list of new locations. The purpo

G5 Entertainment AB, based in Stockholm, has announced the addition of Poland, Turkey, Georgia, and Montenegro to its list of new locations. The purpose of the modifications is to increase workforce diversity and provide a haven for people who have to leave their native nations. Due to the popularity of shows like Sherlock and Jewels of Rome,the Swedish company has roughly 6 million monthly subscribers. However, in an increasingly saturated industry, the expense of acquiring new players may have a shortterm negative impact on G5s profitability, claims Redeye analyst Tomas Otterbeck. Read More..

B2B Tech News | 2 years ago        

Posadas, the largest hotelier in Mexico, selects RateGain for business intelligence solutions.

RateGain has been selected by Posadas, which owns Live Aqua, Grand Fiesta Americana, The Explorean, IOH, Fiesta Inn, Gamma, and one hotel to provide b

RateGain has been selected by Posadas, which owns Live Aqua, Grand Fiesta Americana, The Explorean, IOH, Fiesta Inn, Gamma, and one hotel to provide business intelligence solutions. RateGains awardwinning BI solutions are bundled collectively with Room Only Rate Shopper OPTIMA, Package Hotel + Flight price intelligence, PARITY+, and Test Reservation service across all its properties and brands throughout Mexico. Posadas owns, leases, operates and manages hotels, resorts, and villas, and their portfolio ranges from luxury properties around Mexico Read More..

B2B Tech News | 2 years ago        

Spain depends more on green hydrogen than on pure energy

To decarbonize its economy as Europe moves away from fossil fuels, Spain is leading the way in producing green hydrogen, helped by a burgeoning wind a

To decarbonize its economy as Europe moves away from fossil fuels, Spain is leading the way in producing green hydrogen, helped by a burgeoning wind and solar power complex. As Europe works to transition away from fossil fuels, Spain holds 20% of the worlds green hydrogen, second only to the United States. To lessen reliance on Russian energy, the EU has decided to quadruple its production target for 2030 as a result of the conflict in Ukraine. Read More..

B2B Tech News | 2 years ago        

Australian NSW has created a $ 89 million fund to increase investment in the mining sector.

The NSW government has announced a $ 130 million $ 89.6 million essential minerals activation fund. These funds are assumed to help provide the infras

The NSW government has announced a $ 130 million $ 89.6 million essential minerals activation fund. These funds are assumed to help provide the infrastructure needed to conduct business in the region. Last year, the NSW government announced a strategy for essential minerals and advanced metals to build a major mineral center in the Midwest. Tole explained, New South Wales has become a leader in investing in vital minerals, mining, and supporting regional processing due to our states abundant resources. Read More..

B2B Tech News | 2 years ago        

EXFO makes a $7.4 million investment in Queretaro

The Canadian company EXFO, an international telecommunications specialist, is coming to Queretaro with an investment of $ 7.4 million and creating bet

The Canadian company EXFO, an international telecommunications specialist, is coming to Queretaro with an investment of $ 7.4 million and creating between 100 and 200 jobs in the state said head of the Secretariat of Sustainable Development Marco Antonio del Prete Tercero. Sedesu will be in charge of manufacturing and distributing telecommunications equipment, as well as intelligent solutions for testing, monitoring, and analysis for the global telecommunications industry. Canada is one of Queretaros main trading partners, which adds to the development of the economy. By 2022, there will be 7,253 workers in the electrical and electronic appliances and accessories manufacturing sector. Read More..

B2B Tech News | 2 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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