💸 dLocal partners with iTransfer for cross-border payments in Nigeria

Today’s Menu ☕️

💸 dLocal partners with iTransfer to streamline cross-border payments in Nigeria
💰 Lucky ONE raises $3 million to scale up Egyptian operations and venture into new regional markets
📱 Turkey restores access to Instagram after 9-day block
🛒 Amazon Deals Let Shoppers Buy Products on TikTok, Pinterest

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💸 PAYMENTS

dLocal partners with iTransfer to streamline cross-border payments in Nigeria

dLocal, a payment platform originating from Uruguay that specializes in cross-border transactions, has formed a strategic alliance with iTransfer, a company focused on money remittance services. This partnership aims to tackle the complexities and challenges, such as currency volatility, that are often encountered with cross-border payments in emerging economies.

The joint effort is designed to offer competitive exchange rates, provide real-time currency updates, and enhance the flexibility available to users. The primary objective of this collaboration is to reduce the risks associated with currency fluctuations and to streamline the efficiency of money transfers.

The initial phase of this partnership will facilitate payouts for bank transfers and wallet payments in three key markets: Nigeria, the Philippines, and Pakistan…....continue reading

💰FUNDING

Lucky ONE raises $3 million to scale up Egyptian operations and venture into new regional markets

Egyptian consumer credit fintech company Lucky ONE has successfully secured $3 million through a convertible bond funding round, with the strategic goal of expanding its credit platform and paving the way for its entry into new markets within the region over the forthcoming two-year period.

The investment round garnered support from a cohort of current stakeholders, including Lorax Capital Partners, KEM, and DisrupTech Ventures. With the infusion of fresh capital, Lucky ONE is poised to accelerate its journey towards profitability, setting an ambitious target for achieving this milestone by the first quarter of 2025.…....continue reading

📱INFRASTRUCTURE

Turkey restores access to Instagram after 9-day block

Turkey said on Saturday it had restored access to social media platform Instagram after the company agreed to cooperate with authorities to address the government's concerns.

Turkey blocked access to the social media platform on Aug 2 for failing to comply with the country's "laws and rules" and public sensitivities.

A top Turkish official accused Instagram of blocking condolence posts over the assassination of Ismail Haniyeh, leader of the Palestinian militant group Hamas.........continue reading

🛒 ECOMMERCE

Amazon Deals Let Shoppers Buy Products on TikTok, Pinterest

Amazon.com Inc. has inked partnerships with TikTok and Pinterest Inc. that lets users buy products from the e-commerce company without leaving the social media apps.

Users can link their profiles from TikTok and Pinterest to their Amazon accounts and then buy products directly from ads. The initiative is designed to make it more convenient for customers to shop on social media.........continue reading

OTHER STORIES

• Kenyan Automaker Mobius Motors Shuts Down Amid Market Challenges……read more

• Susan Wojcicki, Internet Pioneer at Google, YouTube, Dies at 56…..read more

• Meta launches monetization features for Kenyan content creators…..read more

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