Pakistani startup PostEx, offering financial and logistics services to online merchants, is set to enter new markets, beginning with Saudi Arabia this year, TechCrunch has exclusively learned. “We want to go into other markets to really disrupt them because we see the gap,” said Muhammad Omer Khan, founder and CEO of PostEx, in an interview. […]
Pesa unlocks new markets to keep remittances flowing to emerging economies
Founders of Pesa, a remittance fintech, know too well how costly, inaccessible and unreliable remittance services drive people to opt for risky informal channels — like WhatsApp groups — to transfer money. Their firsthand experience using informal channels and realizing how prevalent their use was among Africans living in the diaspora after settling in Canada […]
Apple’s App Store breaches EU’s Digital Markets Act
A few months after opening a non-compliance case on Apple and the Digital Markets Act (DMA), the European Commission has shared its preliminary findings with Apple. And the bottom line is that the current App Store rules are in breach of the DMA. Confirmed violations of the DMA can lead to fines of up to […]
Apple: pay attention to emerging markets, not falling China sales
Apple’s chief financial officer Luca Maestri challenged investor worries over an 8% drop in China revenue, by noting that sales in other emerging markets are growing. “When we start looking at places like India, like Saudi, like Mexico, Turkey, Brazil…and Indonesia, the numbers are getting large, and we’re very happy because these are markets where […]
Apple’s iPadOS will have to comply with EU’s Digital Markets Act too
The European Union will apply its flagship market fairness and contestability rules to Apple’s iPadOS, the Commission said today. The move expands the number of Apple-owned platforms regulated under the Digital Markets Act (DMA) to four, and amps up regulatory risk for the tech giant by bringing its tablet ecosystem in scope. Apple has six […]