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Company Insights
NewAffirm – Competitor Profile
Founded in 2012, Affirm was one of the earliest buy now pay later (BNPL) startups enabling consumers to pay for goods and services in installments. Its BNPL service was initially available online but was later extended for in-store purchases. In January 2021, Affirm acquired Canadian BNPL provider PayBright and started its operations in the country. With the popularity of BNPL in Australia, Affirm decided to enter the market in December 2021 and take on domestic BNPL provider Afterpay. However, in...
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Company Insights
NewHD Hyundai Construction Equipment Co Ltd – Digital Transformation Strategies
This report provides insight into Hyundai Construction Equipment's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts. HD Hyundai Construction Equipment (HCE) carries out the business of manufacturing construction equipment and material handling. Its product portfolio includes hydraulic excavators, backhoe loaders, wheel loaders, and skid steer loaders. It manufactures and sells machinery used for excavating, transporting, and crushing in large-scale infrastructure projects, such as roads and buildings,...
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Company Insights
NewAdyen – Competitor Profile
Adyen is a global payment company that enables merchants to accept payments from online and offline channels. Launched in 2006, Adyen offers payment services to clients globally, enabling them to accept payments via more than 250 local payment methods (including debit and credit cards and alternative payment solutions) in over 180 currencies. In addition to ecommerce payment acceptance for individual merchants, Adyen also offers MarketPay, a specialized product for online platforms and marketplaces. This service enables marketplaces to manage the...
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Company Insights
NewVmware – Digital Transformation Strategies
This report provides insights into VMware’s tech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives. VMware, (VMware) offers multi-cloud services for different apps and virtualization technologies. Its multi-cloud portfolio includes cloud management, networking, cloud infrastructure, and security among others. The company also provides software maintenance such as updates, upgrades, and technical support; and professional services such as design, implementation, and training services. It offers services and solutions under vRealize, Tanzu, vCloud, Pivotal, Bitnami, Heptio, ESX,...
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Company Insights
NewTrimble – Digital Transformation Strategies
This report provides insights into Trimble’s tech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives. Trimble Inc (Trimble) is a provider of technology solutions that enable office and field workers to connect their asset lifecycles and workflows. The company’s solutions are primarily used by the building, infrastructure, civil construction, geospatial, survey and mapping, agriculture, natural resources, transportation, and utilities industries. Several US government departments also use Trimble’s products. The company reports its financial performance based...
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Company Insights
NewBlock – Competitor Profile
Block (formerly Square) is a US-based payment services provider that was launched in 2009. Effective from December 10, 2021, Square changed its legal name to Block. However, the company continues to offer its merchant services under the Square brand name, enabling businesses to accept payments through methods including debit and credit cards issued by all major scheme providers, as well as NFC-based solutions such as Google Pay and Apple Pay. For offline payments, the company offers an array of traditional...
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Company Insights
NewSkrill – Competitor Profile
Skrill is a global payment solutions provider headquartered in London. It allows users to store payment details in a Skrill Digital Wallet, which they can use to make payments for online purchases. Consumers can also make payments with their Skrill account balance and register debit and credit cards, bank accounts, and other payment options such as paysafecard within the wallet for future payments. In addition, Skrill 1-Tap enables customers to make payments from their Skrill account with a single click,...
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Company Insights
NewPix – Competitor Profile
Pix is an instant payment platform that was created by Banco Central do Brasil. It went into the testing phase in April 2020 and was later launched in November 2020. The system operates 24 hours a day, seven days a week, 365 days a year. Transactions are completed within 10 seconds. Users can initiate transfers via channels including mobile banking, internet banking, bank branches, and ATMs. Transfers can be made using the recipient’s account number, Pix key (such as phone...
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Company Insights
NewVenmo – Competitor Profile
Founded in 2009, Venmo initially allowed users to send money via SMS. In late 2010, a Venmo app was launched. This was initially a payment service that focused on P2P payments and simple purchase transactions, such as payments to food trucks. Over the years, Venmo has expanded its use cases, allowing users to make payments to a wider range of merchants both online and offline via Venmo. Users can top up their accounts and link their app account to their...
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Company Insights
NewRestaurant Brands International – Digital Transformation Strategies
Restaurant Brands International – Digital Transformation Strategies Overview Restaurant Brands International (RBI) has been focusing on digital technologies as a part of its digital transformation strategies. The annual ICT spending of Restaurant Brands International was estimated at $233.4 million in 2022. A major share of this spending is earmarked for acquiring Network and communications, ICT services, and software from vendors. Restaurant Brands International is a quick-service restaurant (QSR) operator, the company holds, operates, and franchises restaurants under Popeyes, Burger King,...
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Company Insights
NewBank of China Hong Kong – Digital Transformation Strategies
Bank of China Hong Kong – Digital Transformation Strategies Overview Bank of China Hong Kong (BOCHK) has been focusing on emerging technologies as a part of its digital transformation strategies. The annual ICT spending of Bank of China Hong Kong was estimated at $584.5 million in 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Bank of China Hong Kong (BOCHK), a subsidiary of Bank of China, offers a range of...
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Company Insights
NewThe Wendy’s Company – Digital Transformation Strategies
The Wendy’s Company – Digital Transformation Strategies Overview The Wendy’s Company (Wendy’s) has been focusing on using artificial intelligence, metaverse, big data, and mobile technologies to digitally transform its operations. The annual ICT spending of Wendy’s was estimated at $82.6 million for 2022. A major share of this spending is earmarked for acquiring ICT services, hardware, and consulting from vendors. Wendy’s operates, develops, and franchises a network of quick-service restaurants. Wendy’s specializes in made-to-order hamburgers, baked potatoes, freshly prepared salads,...
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Company Insights
NewPaytm – Competitor Profile
Paytm is the leading alternative payment solution in India. Owned by One97 Communications, it initially began its operations as a prepaid mobile and direct-to-home (DTH) recharge platform in India in 2010. In 2014, the company launched Paytm Wallet, which can now be used for both online and in-store payments. Funds can be loaded to the wallet via online banking, debit cards, and credit cards. Initially used only on Paytm’s own online marketplace for ecommerce and bill payments, the wallet is...
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Company Insights
NewThe Procter & Gamble Company – Digital Transformation Strategies
The Procter & Gamble Company – Digital Transformation Strategies Overview P&G is tapping into key disruptive technologies, including AI, big data, blockchain, cloud, IoT, and robotic process automation among others to digitally transform its operations. The annual ICT spending of P&G is estimated at $2.0 billion for 2022. A major share of this spending is earmarked for acquiring hardware, software, and ICT services from vendors. The Procter & Gamble Co. (P&G) is a manufacturer and marketer of consumer products. The...
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Company Insights
NewPepsiCo – Digital Transformation Strategies
PepsiCo – Digital Transformation Strategies Overview PepsiCo, Inc. (PepsiCo) has been focusing on using artificial intelligence, big data, analytics, and drones to digitally transform its operations. The annual ICT spending of PepsiCo was estimated at $2 billion for 2022. A major share of this spending is earmarked for acquiring software, ICT services and hardware from vendors. PepsiCo is a multinational company that makes, markets, distributes, and sells a wide variety of food and beverages. The company’s products include a range...
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Company Insights
NewClick to Pay – Competitor Profile
Online payment solution Click to Pay was launched by Mastercard, Visa, American Express, and Discover in October 2019. The solution was initially known as Secure Remote Commerce and was developed based on EMV Secure Remote Commerce industry specifications. It was rebranded as Click to Pay in July 2020. The solution is administered by EMVCo, the international association of the six leading card scheme networks (American Express, Discover, JCB, Mastercard, UnionPay, and Visa). The solution brings four major international card schemes...
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Company Insights
NewWorldline – Competitor Profile
Worldline Group is one of the world’s leading payment and transactional service providers, offering end-to-end solutions covering the entire payment value chain. It has omnichannel solutions for merchants, banks, acquirers, payment services providers (PSPs), businesses, and governments. Worldline operates its services in 170 countries, supporting over 350 payment services and 140 currencies. Worldline operates through three segments—Merchant Services, Financial Services, and Mobility & e-Transactional Services—offering acquiring and processing, card issuing processing, clearing and settlement, open banking, and mobile banking services....
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Company Insights
NewNovartis AG – Digital Transformation Strategies
Novartis AG Digital Transformation Strategies Report Overview Novartis has been focusing on AI and data analytics technologies as a part of its digital transformation strategies. The annual ICT spending of Novartis was estimated at $2.2 billion in 2022. A major share of this spending is earmarked for acquiring network and communications, ICT services, and hardware from vendors. Novartis is a pharmaceutical company engaged in discovery, development, manufacturing, and marketing of prescription and generic pharmaceutical products. Total ICT Spending 2022 $2.2...
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Company Insights
NewiDEAL – Competitor Profile
iDEAL - a market leader in Dutch third-party payment services - was established by payment systems provider Currence in 2005. iDEAL offers online payments for Dutch domestic and international shoppers, enabling them to pay for online purchases directly from their bank accounts. iDEAL also enables consumers to carry out other transactions such as utility bill payments, mobile recharging, and donations. It generates business by offering four types of transactions: domestic ecommerce payments, cross-border ecommerce payments, payments between consumers, and non-ecommerce...
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Company Insights
NewM-PESA – Competitor Profile
M-PESA is a mobile-based fund transfer and micro-level banking service available to customers of Safaricom, Kenya’s largest mobile network. Introduced in 2007, the service has become a primary channel for fund transfers in the country. Originally developed as a low-cost microfinance loan repayment system, it was extended as an open platform to remit funds and make consumer payments due to its rising popularity. This was largely a result of factors such as the high cost of remitting funds through banks,...
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