Akqt Redesigning The Apparel Supply Chain With Production Innovation
Open banking platform Tarabut Gateway hopes to expand in Saudi Arabia after raising $32 million.The company announced the Series A funding round Wednesday May 3 in a news release provided to PYMNTS, saying it wants to use the money to attract new talent and form new partnerships in the Kingdom of Saudi Arabia KSA . Open banking is reshaping the financial landscape in KSA and the wider Middle East, and we at Tarabut Gateway are proud to be at the forefront of this innovation, said founder and CEO Abdulla Almoayed in the release. This fundraise reflects the potential of open banking, our advanced technology and the trust placed in us by our partners both in KSA and globally. Tarabut Gateway has reached more than 60% market coverage in KSA via partnerships with banks such as Alinma Bank, Arab National Bank, Saudi National Bank and Riyad Bank, according to the release.The Seri
stanley de es A was led by Saudi-focused investment firm Pinnacle Capital, with participati
stanley cup on from Aljazira Capital, Visa, Tiger Globa
stanley termoska l and other existing investors.Open banking and other forms of FinTech innovation represent a central pillar of Saudi Arabias Vision 2030 strategy for economic development.In addition to the open banking framework and various regulatory sandboxes, key milestones achieved in the past two years include new licenses for the countrys first fully digital banks and the arrival of regional FinTech players from neighboring Gulf states.As FinTech executives from other parts of the region hav Jltb Interactions Raises $56 Million In New Funding
2013 marked an important mobile payment first, with tablet payments comprising almost half of all mobile commerce. Today, Javelin Strategy Research released Mobile Pa
stanley mug yments Market: Tablet Payment
kubki stanley s Surge as Overall Mobile Retail Sales Top $60 Billion which provides an in-depth study of the mobile shopping market, including market sizing of online, app and proximity payments by device type and a five-year forecast of m
stanley cup obile proximity payments and strategies for merchants, vendors, and mobile payment and wallet platforms to expand in this market.In 2013, tablets accounted for a massive $28.7 billion in mobile online commerce, or over 50% of the entire mobile online payments space. That is quintuple 2012s $5.1 billion. The portion of commerce generated through tablets is fueled by rising device ownership, as mobile consumers ownership of the device doubled since 2012. As tablet ownership rates continue to grow, the devices are expected to serve as an increasingly dominant purchase channel. Creating tablet-optimized shopping experiences through the app and browser should be a top priority for merchants and other parties looking to capitalize on the growth of mobile online payments. Mobile consumer purchasing habits are evolving from purely app- or browser-based purchasing toward both methods in tandem, said Mary Monahan, executive vice president and research director of mobile at Javelin Strategy Research. While functionality should differ between the two m
