Merchant | Jotup

Buy Now, Pay Later Boom in the UAE: Market Soars at 52% CAGR, Fueled by Digital Adoption and E-Commerce Growth: Ken Research

Retrieved on:

Tuesday, February 27, 2024

Ken Research's comprehensive report, UAE Buy Now, Pay Later (BNPL) Market Outlook to 2028: Empowering Consumers, Reshaping Retail, delves into this dynamic market, projecting a remarkable 52% CAGR over the next five years.

Key Points:

Ken Research's comprehensive report, UAE Buy Now, Pay Later (BNPL) Market Outlook to 2028: Empowering Consumers, Reshaping Retail, delves into this dynamic market, projecting a remarkable 52% CAGR over the next five years.
E-Commerce Boom: The booming e-commerce industry in the UAE is driving the adoption of BNPL options, offering consumers convenient checkout and payment flexibility.
Financial Inclusion: BNPL solutions cater to unbanked or underbanked populations, promoting financial inclusion and increasing access to credit.
Regulatory Support: The Central Bank of the UAE's supportive regulations are fostering innovation and growth in the BNPL sector.

Buy Now, Pay Later Boom in the UAE: Market Soars at 52% CAGR, Fueled by Digital Adoption and E-Commerce Growth: Ken Research

Retrieved on:

Tuesday, February 27, 2024

Ken Research's comprehensive report, UAE Buy Now, Pay Later (BNPL) Market Outlook to 2028: Empowering Consumers, Reshaping Retail, delves into this dynamic market, projecting a remarkable 52% CAGR over the next five years.

Key Points:

Ken Research's comprehensive report, UAE Buy Now, Pay Later (BNPL) Market Outlook to 2028: Empowering Consumers, Reshaping Retail, delves into this dynamic market, projecting a remarkable 52% CAGR over the next five years.
E-Commerce Boom: The booming e-commerce industry in the UAE is driving the adoption of BNPL options, offering consumers convenient checkout and payment flexibility.
Financial Inclusion: BNPL solutions cater to unbanked or underbanked populations, promoting financial inclusion and increasing access to credit.
Regulatory Support: The Central Bank of the UAE's supportive regulations are fostering innovation and growth in the BNPL sector.

Coalesce Capital Appoints Jonathan Gurss as Partner

Retrieved on:

Tuesday, February 20, 2024

Sentinel, Harris Williams & Co., Investment, Sentinel Capital Partners, Bank, Growth, Business development, Partner, Merchant, BofA Securities, Stephanie, Vestar Capital Partners, Security (finance)

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- Coalesce Capital ("Coalesce"), a private equity firm investing in human capital-driven and technology-enabled services companies, today announced the appointment of Jonathan Gurss as a Partner to strengthen its senior investment leadership. The firm also announced the addition of Neil Merchant as a Principal, Jeffrey Stone as a Director of Business Development, Colleen Hynes as a Senior Associate, and James Muse as an Associate. These appointments are part of the continued buildout of the Coalesce team, following the close of its $900 million debut fund earlier this month.

Key Points:

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- Coalesce Capital ("Coalesce"), a private equity firm investing in human capital-driven and technology-enabled services companies, today announced the appointment of Jonathan Gurss as a Partner to strengthen its senior investment leadership.
These appointments are part of the continued buildout of the Coalesce team, following the close of its $900 million debut fund earlier this month.
"Jon is a talented private equity investor with tremendous insights on the opportunities and challenges facing business services companies today," said Stephanie Geveda, Founder and Managing Partner of Coalesce.
Prior to joining Coalesce, he was a Principal at Sentinel Capital Partners, where he invested in and served on the board of directors of 10 companies.

South Africa Buy Now, Pay Later Boom: $5.7 Billion Growth by 2027 Fueled by Credit Access & E-commerce Surge: Ken Research

Retrieved on:

Monday, February 19, 2024

GURUGRAM, India, Feb. 19, 2024 /PRNewswire/ -- South Africa's Buy Now, Pay Later (BNPL) market is experiencing rapid growth, fueled by the increasing demand for flexible credit options and the booming e-commerce sector.

Key Points:

GURUGRAM, India, Feb. 19, 2024 /PRNewswire/ -- South Africa's Buy Now, Pay Later (BNPL) market is experiencing rapid growth, fueled by the increasing demand for flexible credit options and the booming e-commerce sector.
Ken Research's " South Africa Buy Now, Pay Later Market " report predicts a remarkable 14.8% CAGR, translating to a substantial $5.7 billion market size by 2027.
Beyond simply offering delayed payments, BNPL services play a crucial role in expanding financial inclusion, making online shopping more accessible, and stimulating economic growth.
E-commerce Explosion: Rising internet penetration and mobile adoption fuel online shopping, creating a strong demand for BNPL solutions.

South Africa Buy Now, Pay Later Boom: $5.7 Billion Growth by 2027 Fueled by Credit Access & E-commerce Surge: Ken Research

Retrieved on:

Monday, February 19, 2024

GURUGRAM, India, Feb. 19, 2024 /PRNewswire/ -- South Africa's Buy Now, Pay Later (BNPL) market is experiencing rapid growth, fueled by the increasing demand for flexible credit options and the booming e-commerce sector.

Key Points:

GURUGRAM, India, Feb. 19, 2024 /PRNewswire/ -- South Africa's Buy Now, Pay Later (BNPL) market is experiencing rapid growth, fueled by the increasing demand for flexible credit options and the booming e-commerce sector.
Ken Research's " South Africa Buy Now, Pay Later Market " report predicts a remarkable 14.8% CAGR, translating to a substantial $5.7 billion market size by 2027.
Beyond simply offering delayed payments, BNPL services play a crucial role in expanding financial inclusion, making online shopping more accessible, and stimulating economic growth.
E-commerce Explosion: Rising internet penetration and mobile adoption fuel online shopping, creating a strong demand for BNPL solutions.

Seventy-Eight Percent of Retailers Plan to Improve General-Purpose Credit Card Installments Acceptance To Meet Growing Consumer Demand, According to New Report

Retrieved on:

Wednesday, February 14, 2024

BNPL, Bridge, FICO, Research, Gen, Female, Intelligence, Confusion, Health, Clothing, Merchant, Millennials, Travel, Online shopping

ATLANTA, Feb. 14, 2024 /PRNewswire/ -- General-purpose credit card installment plans are a reliable route to increased sales and improved customer satisfaction, according to new research from Splitit and PYMNTS. The report, Divided, Not Conquered: Acquirer and Merchant Confusion Clouds Split-Payments Landscape finds that 78% of merchants intend to improve, or are currently improving, their ability to accept these payments. Fewer declined transactions and faster processing times are two of the benefits to card-attached installments cited by 48% of the merchants surveyed, while 44% of the acquirers surveyed cite greater transparency in payment processes. While nearly one-third of the merchants surveyed believe that consumers will spend more when using general purpose credit card installments, 76% of merchants expect the consumers' use of card-attached installment plans to increase.

Key Points:

"Although some disconnects between merchants, acquirers, and consumers were found in the report, the future is very bright for card-attached installments.
Nearly two-thirds (64%) of consumers earning over $100,000 annually use installment plans, challenging assumptions about credit card use and income.
Merchants report that consumers prefer to use general-purpose credit card installment plans for larger ticket items, while using legacy BNPL options for smaller purchases.
57% of merchants report that general-purpose credit card installments were used to purchase home furnishings.

Aghanim, a mobile gaming fintech company founded by former CEO and CTO of Xsolla, launches to transform how mobile games are monetized and distributed

Retrieved on:

Wednesday, February 14, 2024

Shopify, Acquisition, LOS, Hacks, News, Growth, Core product, Fraud, Video, LTV, Communication, Behavior, ACH, Merchant, Segment, Tax, Fintech, Apple, Liveops, SKU, Stock, Apple Pay, Anomaly, Video game

LOS ANGELES, Feb. 14, 2024 /PRNewswire/ -- Aghanim, an integrated commerce, liveops automation, community engagement, and payments platform for mobile games soft-launched today by the former CEO and CTO from Xsolla, a global video game payments company.

Key Points:

Aghanim significantly lowered barriers for mobile-to-web expansion for mobile games, helping studios of all sizes to perform direct-to-consumer distribution and multiply their net revenues as a result.
With higher margins, game studios can more competitively execute their user acquisition strategies to scale their games.
Introducing Aghanim's Core Product Suite:
Game Hub Builder : A code-free website creation tool that empowers game studios to establish a captivating web-based home for their mobile games.
The company will launch an advisory board with key partners to enhance the platform and align priorities.

Aghanim, a mobile gaming fintech company founded by former CEO and CTO of Xsolla, launches to transform how mobile games are monetized and distributed

Retrieved on:

Wednesday, February 14, 2024

LOS ANGELES, Feb. 14, 2024 /PRNewswire/ -- Aghanim, an integrated commerce, liveops automation, community engagement, and payments platform for mobile games soft-launched today by the former CEO and CTO from Xsolla, a global video game payments company.

Key Points:

Aghanim significantly lowered barriers for mobile-to-web expansion for mobile games, helping studios of all sizes to perform direct-to-consumer distribution and multiply their net revenues as a result.
With higher margins, game studios can more competitively execute their user acquisition strategies to scale their games.
Introducing Aghanim's Core Product Suite:
Game Hub Builder : A code-free website creation tool that empowers game studios to establish a captivating web-based home for their mobile games.
The company will launch an advisory board with key partners to enhance the platform and align priorities.

Merchant Industry Proudly Announces a New Office Location in the Thriving Heart of South Florida

Retrieved on:

Tuesday, February 13, 2024

Professional Services, Payments, Technology, Finance, Electronic Commerce, Fintech, Banking, ISO, Discriminant, Growth, Merchant

Merchant Industry, a leading nationwide credit card processing service provider, is excited to announce the opening of its new branch in South Florida.

Key Points:

Merchant Industry, a leading nationwide credit card processing service provider, is excited to announce the opening of its new branch in South Florida.
After establishing a solid foundation and earning the trust of countless businesses with our pioneering services, we are thrilled to embark on this new journey with the Florida location.
"The recent expansion into Plantation, Florida, serves as a testament to our unwavering commitment to growth and delivering exceptional services to our valued clients," explains Leo Vartanov , the CEO of Merchant Industry.
"With this strategically located new branch, minutes from all major highways in Southern Florida, we are poised to offer unparalleled accessibility to local business owners."

Big V Property Group Continues Portfolio Expansion with the Acquisition of Merchants' Square in Carmel, IN

Retrieved on:

Thursday, February 8, 2024

MSA, Merchant, Acquisition, Population growth, Quality of life, SF, Name, Planet Fitness, Publication, Square, Merchants Square, Financial services

CARMEL, Ind., Feb. 8, 2024 /PRNewswire-PRWeb/ -- Big V Property Group, with their partner, Equity Street Capital, is proud to announce its latest acquisition, Merchants' Square, located in Carmel, Indiana. This acquisition represents the first venture for Big V Property Group in the Indianapolis market, highlighting the company's continued portfolio expansion.

Key Points:

This acquisition represents the first venture for Big V Property Group in the Indianapolis market, highlighting the company's continued portfolio expansion.
This acquisition represents the first venture for Big V Property Group in the Indianapolis market, highlighting the company's continued portfolio expansion.
Jeff Rosenberg, President of Big V Property Group, commented, "We are thrilled to expand our portfolio into the Indiana market with the acquisition of Merchants' Square.
This acquisition reflects Big V Property Group's ongoing commitment to investing in high-potential markets and marks a significant milestone in the company's portfolio expansion strategy.