Shopify Partners with Export Development Canada to Insure Merchant Cash Advances

Shopify Capital Partners with Export Development Canada to Insure Merchant Cash Advances

Shopify (NYSE:SHOP), a cloud-based, multi-channel commerce platform, announced September 20 that it has partnered with trade finance and insurance solutions agency Export Development Canada (EDC) to insure the merchant cash advances offered by Shopify Capital.

Shopify Capital is the new service the ecommerce platform launched in April this year to help small business owners and entrepreneurs secure financing and accelerate their business growth. The service seeks to tailor cash advances to each merchant’s needs, based on data processed through the Shopify platform, in order to help them grow their business.

“For many merchants, securing capital is a frustrating and time-consuming process,” said Saad Atieque, Product Manager at Shopify in an earlier press release announcing the launch of Shopify Capital. “With Shopify Capital, we’re giving entrepreneurs a simple, fast, and convenient way to secure financing to invest in their business. Similar to our payments and shipping solutions, Shopify Capital represents one more way Shopify can help entrepreneurs strengthen their business operations.”

As part of the new partnership, EDC will insure the small business, merchant cash advances offered by the service. Shopify claims obtaining this financing is designed to be as simple as a few clicks, with money in the merchant’s account within a few days of acceptance. As of June 30, the company said it had advanced over $5 million to participating merchants since the program’s inception.

“Our partnership with EDC supports the continued growth of Shopify Capital,” stated Brett O’Grady, Head of Treasury and Risk for Shopify.

Image: Shopify

[“source-smallbiztrends”]

Amazon Partners VMware for Hybrid Cloud Services to Rival Microsoft

Amazon Partners VMware for Hybrid Cloud Services to Rival Microsoft

Amazon.com is teaming up with VMware to let customers combine VMware’s software for corporate networks with Amazon’s internet-based cloud-computing services, a bid by Amazon to better compete with rival Microsoft in hybrid cloud solutions.

VMware will deliver, sell and support a product that lets customers use their existing VMware software with access to Amazon’s cloud-based storage, database and analytic software, the companies said Thursday in a statement. Hybrid solutions allow customers to run applications on their own servers and through various remote cloud-based applications simultaneously.

Called VMware Cloud on AWS, the product will be available in mid-2017. Pricing will be disclosed closer to the release, the companies said. It will appeal to companies that want the flexibility and capacity of managing data via the cloud.

Amazon is trying to maintain its lead in the cloud-computing market over rivals Microsoft, Alphabet Inc.’s Google and IBM as more companies transition from using their servers to renting computing power and data space hosted remotely, which they access via the internet. Movie-service Netflix Inc. is a prominent example of a web company powered by Amazon Web Services.

(Also see: Google to Open New ‘Cloud Region’ in India Next Year)

VMware is shifting its cloud strategy to focus on selling products that work with existing leaders, rather than trying to establish itself as an alternative to the Amazons of the world. As more companies run applications on rented servers over the internet, providing services that link the different technologies customers use is a growing opportunity for VMware.

‘Powerful’ partnership
The alliance is a “very powerful collaboration” that gives companies flexibility in deciding whether to transition their data to the public cloud while maintaining investments they’ve made in on-premise data centers, said Tim Feeney, an analyst at Morningstar Inc.

“Essentially, the process of managing the hybrid cloud environment is significantly less of a hassle now,” Feeney said. “This is a very powerful move for VMware because IT managers are more likely to retain VMware’s services for longer.”

VMware CEO Pat Gelsinger said he sees hybrid solutions providing business opportunities for decades into the future while the on-premise data business slows.

The Amazon partnership could be a blow to International Business Machines Corp., which has its own deal with VMware. IBM, however, said in a statement that 1,000 clients are already using the IBM cloud with software from VMware and the partnership has created “significant momentum.”

Microsoft, responding to the Amazon-VMware agreement, said AWS is behind in offering hybrid cloud solutions.

“Microsoft Azure has always been hybrid by design, based on our decades of enterprise experience,” the company said in the statement. “True hybrid cloud isn’t just connectivity, it’s consistency — across development, management, and security.”

Global public cloud spending is expected to hit $204 billion (roughly Rs. 1,363,638 crores) this year, up 16.5 percent from a year ago, according to researcher Gartner Inc.

© 2016 Bloomberg L.P.

Tags: Amazon, Amazon Web Services, VMware, Cloud Service, VMware Cloud, Internet

 

[“Source-Gadgets”]

Indus OS Partners With Celkon, Swipe to Expand India Reach

Indus OS Partners With Celkon, Swipe to Expand India Reach

The first “made in India” operating system Indus OS on Wednesday announced partnerships with two other home-grown Indian smartphone brands – Celkon and Swipe – to expand its market reach in the country.

The tie-ups are in addition to the existing partnership with Micromax which will continue, the company said in a statement.

(Also see:  With Indus OS 2.0, Micromax Wants to Tap Non-English Speaking Consumers)

“We are excited to join hands with Celkon and Swipe. Both brands share our vision for connecting a billion people with technology and bridging India’s digital divide,” said Rakesh Deshmukh, CEO, Indus OS.

The Indus OS operating system was first used in the Unite 3 model of Micromax.

Today, the operating system is being used in more than 35 smartphone models in India.

The company aims to be on one in every six smartphone devices in India by 2017.

Tags: Celkon, Indus OS, Micromax, Mobiles, Swipe
[“Source-Gadgets”]

FreeCharge Partners CCAvenue; Expands Customer Access to Online Merchants

FreeCharge Partners CCAvenue; Expands Customer Access to Online Merchants

Snapdeal-owned digital payments platform FreeCharge has partnered with a payment gateway CCAvenue, giving its customers access to over 100,000 online merchants across sectors like hospitality, retail, and education.

It will also help them access real-time, multi-currency online payment services, FreeCharge said in a statement on Monday.

“We want to make FreeCharge wallet ubiquitous in both the online and offline space by creating an ecosystem of partnership. With CCAvenue, we will further strengthen our partner ecosystem and offer our customers a wider assortment of online merchants. Our endeavour is to build the payment OS for digital India and I am confident that alliances like this will help us move in the right direction,” Govind Rajan, Chief Operating Officer, FreeCharge said.

Speaking of the partnership, Vishwas Patel, Chief Executive Officer, Avenues Group said, “Digital wallets have played their part in the ecosystem and consumers have adapted to its usage significantly. It complements CCAvenue’s efforts to transform the market from cash to cashless. CCAvenue operates on a simple tenet, ‘more options lead to more business’ and has always remained neutral by associating with third party wallets and not limited its services to a captive payment wallet of its own. This association would enable FreeCharge as a payment option for our 100000+ e-merchants, and FreeCharge’s aggressive marketing strategies would greatly benefit our merchants.”

This association would allow CCAvenue e-merchants use FreeCharge as a payment option. FreeCharge directly competes with payment e-wallets like Alibaba-backed Paytm, and Flipkart’s recently launched Flipkart Money.

Founded in 2001, CCAvenue is a payment gateway service provider offering real-time, multi-currency payment solutions to businesses in hospitality, education, online retail, and other major industry verticals.

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Tags: Apps, CCAvenue, FreeCharge, Internet, Mobile Wallet
[“source-Gadgets”]