NuovoPay, PaygOps Debut Financing Via Smartphone

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Smartphone-locking FinTech platform NuovoPay has teamed up with B2B Software as a Service (SaaS) platform PaygOps to enable accessibility for smartphone financing through digital technology procurement along with solar home equipment, according to a ProMobi Technologies press release Thursday (May 5).

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PaygOps connects energy and utility appliances and payment methods within an enterprise’s applications suite or application programming interface (API) services, the press release says. It also allows distributors to manage their last-mile operations.

Last-mile distributors can now offer NuovoPay smartphone financing to their end users through this integration, complementing their existing processes with PaygOps to manage finance, sales, after sales and inventory.

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“As we continue tailoring our IT solutions to serve multiple industries, we believe that NuovoPay is not only a key player in the digital sector, but an important partner whose mission aligns perfectly with that of Solaris Offgrid, which favors PaygOps platform to support them in reaching more households with reliable products and facilitating greater access to consumer financing, while we combine efforts to close the digital gap in the developing world,” said Thibault Lesueur, co-founder and CCO at Solaris Offgrid, in the joint press release.

See also: BigCommerce Acquires BundleB2B

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In late April, eCommerce platform BigCommerce — which provides eCommerce service to B2B and B2C companies — continued its series of acquisitions with the purchase of longtime technology partner BundleB2B.

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The deal follows BigCommerce’s recent acquisition of B2B Ninja, an enterprise quoting solution. It also “furthers BigCommerce’s ability to deliver dynamic powerful eCommerce functionality to B2B merchants at a time when B2B eCommerce continues to boom,” the company said.

BigCommerce notes global B2B eCommerce market is projected to hit $25.65 trillion by 2028, expanding at more than 18% annually.

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NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORE CARDS – APRIL 2022

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About: Shoppers who have store cards use them for 87% of all eligible purchases — but this doesn’t mean retailers should boot buy now, pay later (BNPL) options from checkout. The Truth About BNPL And Store Cards, a PYMNTS and PayPal collaboration, surveys 2,161 consumers to find out why providing both BNPL and store cards are key to helping merchants maximize conversion.



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