While Amazon has been methodical (read: a little slow) in launching local versions of its site for various global markets, it has now embarked on a secondary track to snag more business outside the 14 countries where it has built out full operations. Amazon has partnered with WesternUnion to set up a service called PayCode, […]
View More Amazon, WesternUnion debut PayCode to sell goods in emerging markets and let shoppers pay in cashCategory: developing markets
Remitly is raising up to $115M led by Naspers’ PayU to double down on remittances
International remittances continues to be one of the biggest financial services in developing countries, with $450 billion getting sent from countries like the U.S. to emerging markets in 2017 alone, according to the World Bank. Now, one of the bigger startups using tech to take on Western Union, MoneyGram and other offline incumbents in the space is announcing a large round of funding to… Read More