Ywhp Amazon Destinations Expands To More Regions
Dowsure Technologies, a FinTech startup which helps facilitate cross platform selling, announced Monday Feb. 21 that it has closed a Series B round for $20 million.Dowsure is based in Shenzhen, China, and works on cross-border eCommerce, providing unified lending experiences. Some of the companies that have worked with it include Amazon, eBay, Shopee, Lazada and DTC, according to the press release.Cross-border eCommerce has seen some attention in the past year 鈥?there are over six million sellers on Amazon, and half of them are from China, per the release. Because of traditional loan assessment logic, many of these sellers are considered underbanked as they dont have strong fixed collateral support or a solid financial track record.Dowsure has reportedly helped Amazon through building a proprietary assessment model for store owners, including data application programming interfa
stanley usa ce API connectivity and account locking features. The company has also worked with Chinese banks to enable pure credit loan based on store data without any collaterals.The release says Do
stanley quencher wsures assessment model and algorithm can be used for other assets with online cash flow, but are still considered underbanked by regular banks. The company wants to unle
stanley cup ash the value of digital assets in the online world. The market Dowsure is targeting has huge potential and sizing, Mark Mai, founder of investor VenturesLab, said in the release. We recognize Dowsures approach to solve the underbanked issu Pxyc Bitcoin Daily: COVID-19 Credentials Initiative Works On Certificate; Blackmoon Crypto Exchange To Shutter
While the figures are nowhere near where they were 10 years ago, the credit card market share in terms of payment card volume still gives an edge toward credit cards, when compared to debit and prepaid cards issued in the U.S.Figures from The Nilson Report indicate that 2014 figures show that credit amounted for 53.59 percent of total spend, which was up slightly from 2013 figure of 52.95 percent. In 2014, debit accounted for 42 percent of the market share and prepaid cards accounted for 4 percent. While credit still tops, in terms of percentage
stanley usa growth, prepaid cards are far surpassing the other two.Nilson figures show that the share of spending done on credit cards is up 49 percent from 2009-2014, whereas debit is similar at 50 percent. Prepaid cards, however, have risen a resounding 200 percent in that same five-year period.In terms of purchase volume, total card s
stanley termos pend across all three categories hit $4.91 trillion, which is an 8.4
stanley cup percent increase above 2013 volume. While credit still had the most market share in 2014, the figures 10 years prior had credit leading the market at 67 percent of the share.The Nilson Report also broke down figures by the top issuers, which showed that JPMorgan Chase is still leading. JPMC produced $703.32 billion in purchase volume across its consumer and commercial credit, debit and prepaid cards in 2014. In fact, Chase cards made up 14.32 percent of all spending at merchants last year. Wells Fargo was also high
