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Damen will release its mobile wallet application in collaboration with BKN301

Damen ePayment has chosen BKN301, a fintech company that develops payment services and BankingasaService functionalities, as its exclusive Egyptian pa

Damen ePayment has chosen BKN301, a fintech company that develops payment services and BankingasaService functionalities, as its exclusive Egyptian partner. The agreement will allow Damen to provide new features & solutions to its customers and facilitate transactions with key Egyptian trading partners in the GCC countries. 23% of people are utilizing digital platforms to send and receive their digital payments, due to the insufficient number of POS available to merchants and low uptake of payments by cards. Damens customers will be able to send money internationally from more than 100 countries using over 50 currencies while having extreme visibility over fees, processing times, and transaction monitoring. In partnership with Cashflow, a Cairobased fintech company & Switchover, an accelerator, BKN301 aims to spread its digital banking solutions throughout the MENA region. Tamer ElHussainy, CEO of Damen Company for Electronic Payments, expressed his gratitude for this partnership which Read More..

B2B Tech News | 2 years ago

Poor infrastructure is affecting our money transfer business

NIPOST is the designated postal operator for Nigeria. Sixty percent of our revenue comes from the export of items, particularly mails, parcels, and c

NIPOST is the designated postal operator for Nigeria. Sixty percent of our revenue comes from the export of items, particularly mails, parcels, and cargoes. During the pandemic, all of these stopped. The fallout of it is still living with us today. We have to keep working on it and do the necessary things to catch up. With increasing competition in the logistics industry in Nigeria, some people claim that NIPOST might become obsolete in a few years. For each registered operator that we have licensed, we have sent the list of company names, locations, and administrators to the NDLEA. So if you are driving your motorbike down the street and you are approached they have the current list, and if your name is not on the register the vehicle will be impounded. Read More..

B2B Tech News | 2 years ago

Government and court orders to block content on Twitter increased by 48,000%

An examination of Twitters global transparency reports reveals that between 2014 and 2020, the number of legal requests from India—from various cour

An examination of Twitters global transparency reports reveals that between 2014 and 2020, the number of legal requests from India—from various courts and the government—to remove content from Twitter increased by more than 48,000. In addition, data shared with Parliament revealed that during the same time frame, the number of content blocking orders issued by the government to social media companies increased by almost 2000%, highlighting the expanding trend of online censorship in India. Read More..

B2B Tech News | 2 years ago

After rejecting a $44 billion proposal, Twitter employs US legal firm Wachtell to bring a lawsuit against Musk

Twitter has hired a US law firm as it prepares to sue Elon Musk. The company wants him to complete the $44 billion acquisition of the social media com

Twitter has hired a US law firm as it prepares to sue Elon Musk. The company wants him to complete the $44 billion acquisition of the social media company. Twitter is planning to file a lawsuit against Elon Musk, people familiar with the matter say. Musk terminated his deal to take Tesla private last week. Twitters chairman has vowed a legal fight after Musk pulled out of the $72 billion deal. Twitters current legal team consists of Simpson Thacher & Bartlett LLP and Wilson Sosini Goodrich & Rosati Read More..

B2B Tech News | 2 years ago

Webb space telescopes first fullcolor photographs will be displayed by NASA

NASA will soon present the first fullcolor images from its James Webb Space Telescope. The revolutionary apparatus is designed to peer through the cos

NASA will soon present the first fullcolor images from its James Webb Space Telescope. The revolutionary apparatus is designed to peer through the cosmos to the dawn of the universe. Among the subjects chosen for the showcase debut of Webb are two nebulae and two sets of galaxy clusters. One of those images will include the first detailed analysis of an exoplanet more than 1,100 lightyears from Earth. The $9 billion infrared telescopes was launched on Christmas Day from French Guiana. Webb is about 100 times more sensitive than its predecessor, the Hubble Space Telescope. Its infrared sensitivity allows it to detect light sources hidden in the visible spectrum from dust and gases. Read More..

B2B Tech News | 2 years ago

The growth of B2C ecommerce in Africa in 2022 will be fueled by mobile technology

Ecommerce currently represents a small percentage of total retail sales in Africa, indicating great potential for future growth. South Africa and Nige

Ecommerce currently represents a small percentage of total retail sales in Africa, indicating great potential for future growth. South Africa and Nigeria have the highest ecommerce sales values compared to Egypt, Kenya and Morocco. Jumia and other regional players face stiff competition from crossborder online shopping platforms like AliExpress and Amazon. Read More..

B2B Tech News | 2 years ago

Thailand’s Ministry of Maritime Affairs plans to deploy several thousand satellite trackers Globalstar SPOT Gen4 via Thaicom

The Ship Expert Technology solution is built around the SPOT Gen4 devices. They will aid in enhancing the efficiency and speed of emergency rescue ope

The Ship Expert Technology solution is built around the SPOT Gen4 devices. They will aid in enhancing the efficiency and speed of emergency rescue operations by authorities and first responders. Vaccinated Thai and international travellers can now enter Phuket without being placed in quarantine. The brandnew SPOT Gen4 is a part of the celebrated SPOT device family from Globalstar. Globalstar will make use of the ground station infrastructure at Thaicoms Teleport Center in the province of Pathumthani. Infrastructural and service support for the Globalstar LEO satellite constellation will be provided by the ground station. Read More..

B2B Tech News | 2 years ago

New French Website Announced by STMicroelectronics and GlobalFoundries

STMicroelectronics and GlobalFoundries announce plans for a new site in France. They said it would create around 1,000 jobs and support European Union

STMicroelectronics and GlobalFoundries announce plans for a new site in France. They said it would create around 1,000 jobs and support European Union plans to develop more microchips. The new site would be at Crolles near the Italian and Swiss borders. The French president wants Europe to produce 20% of the worlds microchips by 2030. The company says the expansion will support its $20 billionplus revenue ambition. The European Union has relaxed funding rules for innovative semiconductor factories in a bid to boost the EUs tech chip industry. 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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