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Digital Bank YAP, based in the UAE, raises $41 million to expand to Saudi Arabia, Pakistan, and Egypt

Digital bank YAP reportedly plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana. The company recently received a license to work in Pakistan

Digital bank YAP reportedly plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana. The company recently received a license to work in Pakistan, Ghana, as well as Saudi Arabia. Reuters reports that the company plans to look into targeting the remittance market for Pakistani workers. UAE has become a hub for finance, particularly in Abu Dhabi and Dubai and it is now known as the third biggest economy in the Arab League after Saudi Arabia and Egypt. Read More..

B2B Tech News | 3 years ago          

Digital payments in India are expected to reach $ 10 trillion by 2026

A PhonePe PulseBCG report Digital payments in India A $10 trillion opportunity The adoption of UPI Unified Payments Interface in India has been largel

A PhonePe PulseBCG report Digital payments in India A $10 trillion opportunity The adoption of UPI Unified Payments Interface in India has been largely fueled by international and domestic fintech players. According to PhonePe, the next wave of growth will come from Tier 3–6 locations. According to Boston Consulting Groups managing director and partner, Prateek Roongta, merchant payments will end up being the most vital factor in this growth. Userfriendly interfaces, creative products, and an open API ecosystem all contribute to this. Read More..

B2B Tech News | 3 years ago          

According to a report, Shopee has opened five new distribution centres in Brazil.

Shopee has become one of the most downloaded eCommerce apps in Brazil since its launch in 2019. In midMay, the company surpassed its revenue estimate

Shopee has become one of the most downloaded eCommerce apps in Brazil since its launch in 2019. In midMay, the company surpassed its revenue estimate for the quarter and posted a lowerthanexpected quarterly loss. The new distribution centers are located in the cities of Sao Joao do Meriti, Campinas, and Ribeirao Preto. In March, the company said it had withdrawn from India and France, while rising costs and supply chain problems compounded its woes, sending shares down 70 % this year. Read More..

B2B Tech News | 3 years ago          

Twitter is suing the center against certain content removal orders

Twitter has filed a lawsuit to challenge some of the government orders to remove particular content. The IT Ministry had requested that Twitter follow

Twitter has filed a lawsuit to challenge some of the government orders to remove particular content. The IT Ministry had requested that Twitter follow its directives by July 4 last month. Many of these blocking orders, according to the social media company, are procedurally and substantively flawed. According to Ashwini Vaishnav, Union Minister for Railways, Communications, and Electronics and Information Technology, social media use is becoming more prevalent in nations around the world. He claimed that selfregulation, industry regulation, and governmental regulations could all contribute to this. Read More..

B2B Tech News | 3 years ago          

Abbassiya railway switch workshop will be run by a joint EgyptianAustrian company

The National Railways of Egypt has signed a contract with the Austrian company Vost Alpin for the management and operation of the Abbasiyeh participat

The National Railways of Egypt has signed a contract with the Austrian company Vost Alpin for the management and operation of the Abbasiyeh participatory production workshop. The contract includes the construction of a new line equipped with the latest hightech machinery to produce 600 switches a year. It also includes the transfer of modern manufacturing technology and the training of Egyptian workers under the supervision of experts from the Austrian company. The minister stressed the great interest of Austrian companies in increasing the volume of cooperation with Egyptian companies. He also pointed to the implementation of giant projects in the field of transportation under the directives of President Abdel Fattah AlSisi. Read More..

B2B Tech News | 3 years ago          

ASML Shares Decline Following Report That US Wants to Limit Sales to China

ASML shares fell 7.2% after a report said the U.S. government wants to restrict the sale of semiconductor equipment to China. The Dutch company has be

ASML shares fell 7.2% after a report said the U.S. government wants to restrict the sale of semiconductor equipment to China. The Dutch company has been unable to sell its most advanced machines to Chinese customers since 2019. Restricting their sale would be damaging to Chinas chip industry and would likely worsen a global semiconductor shortage. The U.S. National Security Commission on Artificial Intelligence has recommended that allies should deny China access to top DUV, EUV, and related tools. Analysts say a total ban on DUV equipment is highly unlikely, but further restrictions could be tied to Chinas foreign policy. Read More..

B2B Tech News | 3 years ago          

Fujitsu increases focus on telecommunications investments in South America

The Japanese computer and technology group Fujitsu is focusing its investments on the telecommunications sector in South America. Its main segment in

The Japanese computer and technology group Fujitsu is focusing its investments on the telecommunications sector in South America. Its main segment in the region is products for data centers, and it boasts large contracts in the storage segment. The company is now competing for a share of the emerging open RAN segment, as well as for optical products. Japanese electronics giant Fujitsu plans to enter the telecom market in South America by 2023. The company sees potential in industrial hubs, agribusiness, and offshore drilling firms, as well as in private networks. It already has customers in Brazil, Colombia, Chile, and Argentina. Read More..

B2B Tech News | 3 years ago          

Two senators want an FTC investigation into TikToks use of American data

The Federal Trade Commission FTC is being asked to investigate TikTok and parent company ByteDance over its handling of U.S. data. Senator Mark Warner

The Federal Trade Commission FTC is being asked to investigate TikTok and parent company ByteDance over its handling of U.S. data. Senator Mark Warner, a Democrat, and Republican Marco Rubio have called on the FTC to look into the matter. This follows a Buzzfeed report that said TikTok allowed employees in China to repeatedly access the private data of users in the United States. TikTok says it has not shared user data with the Chinese government. TikTok is one of the worlds most popular social media apps with more than 1 billion active users globally and counts the U.S. as its largest market. Read More..

B2B Tech News | 3 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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