Industry News | Page 4 | eCommerce Africa

Bitcoin Plummets More Than 12 Percent to Below $15,000

Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

Bitcoin was down 12.6 percent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66 .

It was still up more than 30 percent for the week, as investors debated about whether the cryptocurrency was in a bubble that was about to burst. 

Bitcoin Rises Above $14,000 on Bitstamp to Record High

Bitcoin soared to a record high of $14,047.40 on Thursday, continuing its surge from below $1,000 at the beginning of the year.

The cryptocurrency was last up 2.94 percent at $14,030.00 at the Luxembourg-based Bitstamp exchange .

(Reporting by the Tokyo markets team; Editing by Kim Coghill)


Target Launches its Own E-wallet and Payments System

Target has launched its own mobile payments system, allowing customers to pay for both online and in-store purchases by using their smartphones.

The payments functionality, called “Wallet”, is available within the Target app. Apart from paying for purchases, the app also allows shoppers to use Cartwheel digital coupons and discounts.

WePay Becomes a Chase Company

WePay has announced that it is officially a Chase company, after JPMorgan Chase completed the transaction announced in October 2017.

WePay will continue to provide integrated payments to global software platforms like Freshbooks and Constant Contact. As part of the Chase family, it will offer instant merchant onboarding and give software developers and partners access to Chase’s network of four million small business clients.

Mastercard Launches Kionect for Nairobi’s Smallest Shopkeepers

Mastercard unveiled Kionect, a digital ordering system that empowers small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS. Orders submitted via a feature phone helps create a digital record for kiosk owners to get access to micro-loans to stock inventory and grow their business.

Direct Pay Online Group Buys EFT Firm to Grow E-payments

The Direct Pay Online Group (DPO) has announced the acquisition of Setcom (Pty) Ltd, which operates SID Instant EFT, an instant electronic funds transfer (EFT) solution in South Africa. The deal will complement DPO’s payment solutions across the continent, which currently includes processing for all major cards, mobile money and e-wallets.

Mastercard Taps Into The Global Appeal of mPOS

As widespread smartphone adoption has gone global, giants in the payments and technology space are looking to harness the devices as cheap and easily accessible commercial tools — and one company wants to use them to achieve worldwide mobile point of sale (mPOS) acceptance domination.