March 06, 2013
African eCommerce Site Jumia Raises $26 Million
Rocket Internet eCommerce site Jumia has raised $26 million in funding as it continues its mission to become the Amazon of Africa, reports TechCrunch. Summit Partners was responsible for the...
March 05, 2013
Pageonce Aims Local As It Hits Major Milestone
If you’re serious about eliminating physical check payments from consumers’ everyday lives, you have to enable those consumers to pay for everyday services as well. That seems to be the...
February 28, 2013
EU: ‘Error of law’ may reinstate $132M copper cartel fine
A European Union advisor has suggested that the European Commission may reinstate a $132 million fine imposed on Aalberts Industries NV, accused of partaking in a copper cartel. The fine...
February 26, 2013
PayPoint Hits Contactless POS Milestone
British cash payments network PayPoint was the first of its kinds to introduce contactless card payments to the country. The company has now hit a milestone, passing 4,000 contactless POS...
February 26, 2013
Ireland: Automobile Association reiterates defense against price-fixing allegations
Ireland’s Automobile Association is reinforcing previous findings that there is no price-fixing occurring at gas stations in Galway City, despite complaints of fuel prices at the gas pumps. According to...
February 18, 2013
It Takes A Global Mind
Al Gore, Vice President turned entrepreneur, Apple Board member, Senior Advisor to Google, and Nobel Peace Prize winner, has something on his mind. Well, actually on his Global Mind. It’s...
February 14, 2013
US: Airline parts plant still in limbo after UTC/Goodrich merger
The Department of Justice is reportedly sticking to its decision to have United Technologies Corp. divest some of its assets in response to competition concerns over its acquisition of Goodrich...
February 12, 2013
Turkey Loves Online Shopping
Turkey’s Interbank Card Center has revealed that the Turks’ love for online shopping grew in 2012, with online credit card transaction rising 34%, compared to the previous year. This brings...
February 12, 2013
Estonia: Authorities launch probe into ‘excessive’ energy costs
Estonia’s Competition Authority has reportedly spoken out against Eesti Energia, an Estonian energy company, over what authorities call an “excessively high” general service margin. In a statement to the press,...