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Tag: leads

Giesecke+Devrient: Greater focus on cybersecurity a must as corona pandemic leads to surge in digitisation

The spread of the corona pandemic has shifted large parts of work and communication into digital space within a very short time. It has become obvious: The security of networks and communication infrastructures is more important than ever – especially in light of increasing cyber threats. In a livestream “What remains of the corona crisis? …

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Flipkart leads Walmart’s international ecommerce numbers, Retail News, ET Retail

BENGALURU: US retail giant Walmart on Tuesday reported that ecommerce contributed 12% to its international sales during the quarter ended January 31, led by Flipkart and online grocery delivery in several markets. In its fourth quarter earnings report, the company said that international sales had grown by 2.3% to $33 billion, despite a disruption in …

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Abu Dhabi leads $167 million investment in Spanish delivery app

A courier for Spanish on-demand delivery app Glovo. Glovo Spanish food delivery app Glovo has raised 150 million euros ($167 million) in a fresh round of funding to ramp up hiring and expand internationally. The financing effort was led by Mubadala, the sovereign wealth fund of Abu Dhabi, and was also backed by existing investors …

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T Rowe leads $1bn infusion in Paytm, Retail News, ET Retail

Digbijay Mishra | TNN Bengaluru: Paytm has raised $1 billion in a new financing round, led by US-based asset management firm T Rowe Price, cementing its position as the most valued startup in India at $16 billion. T Rowe Price, along with Discovery Capital and D1 Capital, has put about $400 million (Rs 2,871 crore) …

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E-payments battle leads to $1bn loss for top cos in FY19, Retail News, ET Retail

Digbijay Mishra & Madhav Chanchani | TNN Bengaluru/New Delhi: The battle for domination in the digital payments space has caused a collective loss of over Rs 7,283 crore ($1.03 billion) between SoftBank-backed Paytm, Walmart-owned PhonePe and Amazon Pay during the fiscal ending March 2019. This is a collective increase of 167% from Rs 2,729 crore …

E-payments battle leads to $1bn loss for top cos in FY19, Retail News, ET RetailRead More