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Archive for January, 2022

Dates : January 2022

Brazil’s Abstra lands Accenture as a customer and $2.3M to help teams make apps with its no-code tool

January 6, 2022
Abstra, which has developed a no-code tool for designers and programmers to build professional apps, has raised $2.3 million in a funding round led by SoftBank Latin America Fund. The goal with Abstra is simple: to help people make apps without coding. It is, in particular, good for agencies who want to deliver faster results or for non-technical departments that need to iterate faster.
CDPI Emerging Markets

Nuvei Enables International Ecommerce Merchants to Accept Local Payment Methods in Latin America

January 6, 2022
As LATAM’s payment ecosystem differs from country to country, merchants typically require a local presence to achieve high acceptance rates. Working with Nuvei enables any type of business to operate locally in LATAM, with or without local presence, which is ideal for international merchants with consumers in the region. This includes business verticals such as online retail, marketplaces, social gaming, and NFTs.
CDPI Emerging Markets

Tech Mahindra buys US-based Allyis India, Green Investments for $125M

January 6, 2022
Tech Mahindra on Friday said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to $125 million. The acquisition is expected to bolster Tech Mahindra’s capabilities in digital experience solutions – learning and development, marketing, instructional design; and engineering – cloud and automation, analytics, and technical support services.
CDPI Emerging Markets

Roll-out of 5G technology to drive mobile gaming in India in 2022

January 6, 2022
With cutting-edge technologies now available in smartphones, the mobile gaming industry is among the fastest booming segments in India. The whole scenario is set to witness a sea change with the roll out of 5G technology in smartphones which are already 5G-enabled. India is currently home to over 430 million mobile gamers and the number is estimated to grow to 650 million by 2025, according to latest data provided by the Internet and Mobile Association of India (IAMAI).
CDPI Emerging Markets

Reliance Jio plans its biggest bond to refinance financial liabilities

January 6, 2022
Billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd., India’s largest mobile phone carrier, is planning its biggest ever rupee bond sale as it targets gains in market share. The company is seeking commitments Tuesday for as much as Rs 5,000 crore ($671 million) of notes maturing in five years at a coupon of 6.20%, according to people familiar with the matter. Jio last tapped the local-currency bond market in July 2018 and is planning to use the proceeds from the current proposed deal to refinance financial liabilities.
CDPI Emerging Markets