Payments giant Stripe has acquired a four-year-old competitor, Lemon Squeezy, the latter company announced Friday. Terms of the deal were not disclosed. As a self-proclaimed “merchant of record,” Lemon Squeezy calculates and pays global sales tax for digital products, handling legal processing and fees in every country. It primarily serves SaaS and software businesses. In […]
Singaporean e-commerce firm Qoo10’s Korean units face probe due to payment delays to merchants
The e-commerce market in South Korea ranks as one of the largest in the world, but it’s also proving to be a precarious one. On Thursday, South Korea’s Fair Trade Commission announced that it had launched an investigation into two major South Korean e-commerce platforms owned by Qoo10—Ticketmonster (TMON) and WeMakePrice—for failing to pay out […]
“Clear Payment Within 10 days Or…”: Sacked India Football Coach Igor Stimac Warns AIFF
Terming his sacking “unilateral”, former India football coach Igor Stimac on Tuesday threatened to file a lawsuit against the national federation in the FIFA Tribunal if it fails to clear his dues within the next 10 days. Stimac lashed out at All India Football Federation (AIFF) president Kalyan Chaubey and accused him of breaching his […]
Fintech CRED secures in-principle approval for payment aggregator license
CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster. The Bengaluru-headquartered startup, valued at $ 6.4 billion, received the in-principle approval from the Reserve Bank of India for the […]
Flatpay rings up $47M to target smaller merchants with simple payment solutions
As the world waits for $ 65 billion payments tech giant Stripe to go public, a wave of smaller startups continues to roll into the market to pick up more payments business. In one of the latest developments, Danish company Flatpay, which builds payment solutions for small and medium physical merchants like shops, restaurants and […]