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Singaporean e-commerce firm Qoo10’s Korean units face probe due to payment delays to merchants

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…

Pesa unlocks new markets to keep remittances flowing to emerging economies

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…