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dLocal Partners with RizRemit to Enhance Cross-Border Remittance Delivery in Africa and Asia

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dLocal, a leading cross-border payments platform focused on emerging markets, has announced a strategic partnership with digital remittance provider RizRemit to boost and streamline payout operations across critical corridors in Africa and Asia.

The partnership is designed to revolutionize remittance delivery by leveraging local payment rails and popular eWallets, enabling faster, more accessible, and efficient cross-border money transfers.

Through a single integration with dLocal’s platform, RizRemit now gains access to a broad network of local infrastructure, including bank payment systems and widely used eWallets such as OPay in Nigeria and JazzCash and EasyPaisa in Pakistan. This seamless connectivity allows recipients to receive funds through trusted, familiar channels, significantly reducing settlement times and operational complexity.

Speaking on the partnership, Muhammad Rizwan Javeed, CEO of RizRemit said,

“Remittances are a lifeline for our users and their families. To serve their needs, we have to offer options that work reliably. dLocal gives us access to local rails that make sending money faster and more intuitive, while keeping operations simple on our side.”

Martin Sapiurka, Head of Remittances at dLocal, noted, “RizRemit’s focus on high-efficiency remittance flows aligns with our strengths in local infrastructure. Together, we’re improving how cross-border payouts are made by connecting directly to the systems people rely on every day.”

The collaboration reflects a shared mission to enhance financial inclusion and remittance efficiency by simplifying the end-to-end payment experience for senders and receivers across emerging markets. According to the World Bank, remittances to low- and middle-income countries reached $656 billion in 2023, with Africa and Asia being key recipients. Nigeria alone received $20.1 billion in 2024. dLocal’s expertise in emerging markets, particularly its strong presence in Africa and Asia, complements RizRemit’s mission to simplify global money transfers.

Founded in 2019, Riz Remit Limited was established with the aim of simplifying international remittances. The company’s mission is to offer exceptional digital delivery services that are secure, reliable, quick, and affordable, with the lowest cost and greatest exchange rates available worldwide. 

Notably, dLocal partnership with RizRemit comes after its expanded relationship with payments giant PayPal, to offer businesses access to payment processing and local payment methods in more than 40 new untapped emerging markets.

By leveraging dLocal’s platform, global customers of PayPal Enterprise Payments, previously known as Braintree, can easily accept cards and process local and alternative payment methods across Latin America, EMEA, and APAC markets without establishing local entities. dLocal’s platform will handle both B2B and B2C payment flows, making it easy for businesses to connect with local customers and suppliers.

Founded in 2016, dLocal specializes in cross-border payment solutions for global merchants in emerging markets. Its “One dLocal” platform simplifies payments through a single API, enabling merchants to accept local payment methods (pay-ins), send payouts, and settle funds across over 40 countries, with more than 900 payment methods, including local cards, bank transfers, e-wallets, and cash payments.

dLocal provides localized payments, including mobile money, bank transfers, and digital wallets. The company simplifies cross-border payments in South Africa, Kenya, Nigeria, and Egypt with seamless integration and regulatory compliance.

The company serves industries like e-commerce, streaming, ride-hailing, gaming, and financial services, with clients including Amazon, Spotify, and Microsoft.

Through the “One dLocal” concept (one direct API, one platform, and one contract), international companies can accept payments, send pay-outs, and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

OpenAI Set to Launch GPT-5, Its Most Powerful Artificial Intelligence Model Yet, in August

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After several delays, OpenAI says its next foundational model, GPT-5, could launch as early as next month, The Verge and Axios report. The timing is tentative, but there are indications that the release is imminent: Last week, OpenAI CEO Sam Altman teased on social media that it was coming “soon,” and testers and “red teams” are gauging its capabilities and security. GPT-5 is expected to merge traditional and reasoning models like o3, with mini and nano versions also available through its API.

OpenAI is preparing to launch its most powerful artificial intelligence model yet—GPT-5—as early as August, according to The Verge, citing sources familiar with the company’s internal timeline.

The release, if it happens as expected, will mark a critical leap in generative AI development and set the tone for the next stage of competition among global AI powerhouses.

The model has been under intense internal testing for months. Back in May, Microsoft engineers were reported to be provisioning significant server capacity in anticipation of a possible launch, prompting speculation about a release timeline that has since shifted slightly. Sources say that OpenAI has now entered the final phases of testing and refinement, with the infrastructure upgrades and technical evaluations largely in place.

OpenAI CEO Sam Altman has been steadily teasing GPT-5’s capabilities. In a recent podcast appearance with comedian Theo Von, Altman shared how the model solved a question he struggled with, prompting him to say he felt “useless relative to the AI.” He also confirmed publicly via a post on X that the model is coming soon, adding to growing anticipation across the developer and enterprise ecosystem.

One key element of the launch is the company’s planned release of mini and nano variants of GPT-5, designed to serve a range of needs from lightweight consumer applications to enterprise-grade deployments. These models will be offered via OpenAI’s API and platform, positioning the company to expand its reach across varied sectors, including software development, creative industries, customer service, finance, and education.

Unlike prior rollouts—such as GPT-4o, which introduced real-time multimodal capabilities—GPT-5 is expected to integrate a broader range of functionalities into a single, cohesive system. Altman has described the model as “a system that integrates a lot of our technology,” with internal discussions suggesting GPT-5 will combine memory, reasoning, multimodal input comprehension, and potentially real-time learning into a unified AI agent.

This bundling strategy reflects OpenAI’s intent to streamline user interaction with its tools by reducing fragmentation across different versions. The goal, according to developers close to the company, is to simplify deployment and ensure consistency in performance and behavior across devices and platforms.

The upcoming release is also seen as OpenAI’s strategic response to intensifying pressure from rivals like Google’s Gemini, Anthropic’s Claude, Meta’s Llama series, and Mistral’s open-weight models. As these companies race to dominate both foundational AI and consumer-facing interfaces, GPT-5 could determine whether OpenAI maintains its current leadership position or begins to cede ground to competitors offering faster, cheaper, or more open alternatives.

Beyond raw performance, OpenAI’s model strategy also carries significant commercial weight. Microsoft, a major investor in OpenAI, is expected to embed GPT-5 across its Azure cloud platform, Copilot products, and enterprise offerings. The integration could push further adoption of AI-powered workflows within Microsoft’s global client base, from small businesses to Fortune 500 firms.

As the launch window draws closer, developers and researchers are paying close attention to how GPT-5 will handle long-form reasoning, factual consistency, and safety guardrails—key issues that have dogged even the most advanced models. OpenAI has faced criticism over hallucinations and content control, and expectations are high that GPT-5 will demonstrate meaningful progress on these fronts.

For OpenAI, this is more than a product upgrade—it’s a litmus test for whether generative AI can transition from experimental hype to mission-critical infrastructure. GPT-4 was criticized for hallucinating, after users had expected that the model would not come with the shortfall. Even Altman said he was surprised at the model’s level of hallucination. GPT-5 is thus expected to be a better version, with many of the needed corrections.

U.S. Commerce Secretary Says TikTok Will Go Dark If China Doesn’t Approve Deal

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The brand is growing

TikTok is now racing against time as the U.S. government signals it will shut down the popular short-form video app unless its Chinese parent company, ByteDance, fully relinquishes control to American interests.

U.S. Commerce Secretary Howard Lutnick on Thursday confirmed that the Trump administration is standing firm on its position.

“We’ve made the decision. You can’t have Chinese control and have something on 100 million American phones,” he said.

The demand, which includes ceding control over TikTok’s core technology, data, and algorithm, comes months after President Donald Trump signed a law mandating ByteDance to divest the U.S. arm of TikTok or face a nationwide ban. Congress passed the bill in 2024 after years of mounting concern that the Chinese government could exploit the platform to collect data from American users or manipulate the information ecosystem.

Yet despite multiple public assurances from Trump that the deal would be closed “sooner than expected,” negotiations have dragged on. The President has extended the deadline three times since taking office in January. The current and possibly final deadline is September 17.

“Basically, Americans will have control. Americans will own the technology. Americans will control the algorithm. That’s something Donald Trump is willing to do,” Lutnick said on CNBC.

China Seen as the Final Obstacle

While finding the right buyer remains a major hurdle, observers say the deal’s real bottleneck is Beijing. Even if a U.S. entity is ready to acquire TikTok’s American operations, ByteDance would still need regulatory clearance from the Chinese government — a requirement that analysts believe may be difficult, if not impossible, to obtain.

Beijing previously opposed a forced divestiture when a similar situation unfolded under Trump’s first administration in 2020, calling the move “bullying” and “political oppression of Chinese companies.” The Chinese government also revised its export control rules to limit the transfer of certain technologies — including content recommendation algorithms — widely seen as a move to complicate any TikTok sale.

This makes the current standoff more than just a commercial negotiation. It’s part of a broader geopolitical conflict over data sovereignty, surveillance, and control of the next generation of global tech platforms.

Buyers Still in Flux as Time Runs Out

Earlier this month, Reuters reported that private equity giant Blackstone pulled out of a consortium that had been preparing a bid for TikTok’s U.S. assets, dealing a major blow to the prospect of a swift resolution. Though Trump recently told Fox News that he has a group of “very wealthy people” ready to buy the platform, there’s no confirmation yet of a finalized buyer or a definitive agreement.

Meanwhile, ByteDance has not made any public statement about the current state of negotiations or whether it’s seeking Chinese approval to move forward. As the deadline approaches, legal and commercial uncertainty looms over the future of one of the world’s most influential digital platforms.

If ByteDance fails to complete the divestiture in time — or if China blocks the sale — TikTok would be effectively banned from operating in the United States. That would mean the app, which has become a staple of American digital culture, particularly among Gen Z, would disappear from app stores and lose access to U.S. infrastructure, such as cloud hosting and payments systems.

Lutnick was blunt in outlining the government’s position: “If China doesn’t approve that deal, then TikTok is going to go dark.”

With the clock ticking toward September 17, all eyes are now on Beijing and the unresolved deal that could redefine not just TikTok’s future, but the contours of global tech governance.

Canal+ Seals $3bn Deal for Full Control of MultiChoice, Ending South African Ownership of DStv and GOtv

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In a landmark deal that will reshape Africa’s broadcasting landscape, French media group Canal+ has secured final approval to acquire full ownership of MultiChoice, the South African-based pay-TV giant behind DStv and GOtv.

The $3 billion all-cash deal—which gives Canal+ the remaining 55% stake it did not already own—received conditional approval from South Africa’s Competition Tribunal on Tuesday, marking the end of MultiChoice’s three-decade run as an independent African-owned broadcaster.

Canal+ is targeting October 8, 2025, to conclude the acquisition, pending final approvals from South Africa’s broadcasting regulator, ICASA, and the Johannesburg Stock Exchange.

Canal+ Merger: Regulatory Greenlight with Strings Attached

The South African Competition Tribunal granted Canal+ conditional approval to proceed with the acquisition, but only after imposing a series of stringent public interest conditions designed to protect South Africa’s media sovereignty and economic participation:

  • Content Investment: Canal+ must inject at least R26 billion (over $1.4 billion) over the next five years into South African content production, sports rights, skills development, and technological upgrades.
  • Job Protection: MultiChoice cannot initiate retrenchments for at least three years following the deal’s conclusion.
  • Ownership Requirements: Canal+ will spin off MultiChoice South Africa’s broadcasting license into a separate entity (dubbed “LicenceCo”), which must remain majority-owned by Historically Disadvantaged Persons (HDPs). This is to comply with South Africa’s Electronic Communications Act, which caps foreign ownership of licensed broadcasters at 20%.
  • Worker Ownership: Employees of the newly carved-out LicenceCo must also own a shareholding stake, ensuring local participation in the ownership structure.
  • Support for Local Enterprises: Canal+ will expand its procurement and partnerships with South African small and micro enterprises (SMMEs), HDP-owned companies, and local suppliers across the media value chain.

MultiChoice’s Struggle to Stay Afloat in Africa

Once a dominant force across sub-Saharan Africa, MultiChoice has in recent years battled falling revenues, shrinking subscriber bases, inflationary pressures, and a deluge of competition from global streaming platforms. In Nigeria—its largest market—the company has faced a particularly bruising period.

Early this month, Multichoice was fined N766.2 million by the Nigeria Data Protection Commission (NDPC) for violating the Nigeria Data Protection Act (NDP Act) in what is now the most significant enforcement action since the law came into force in 2023.

In May 2024, MultiChoice Nigeria suffered a major blow when the Competition and Consumer Protection Tribunal in Abuja ordered it to refund Nigerian subscribers and pay a N150 million fine for increasing subscription prices in defiance of a court order. The company’s appeal failed to block enforcement, escalating its legal woes in the country.

Even more damaging has been the hemorrhaging of its Nigerian subscriber base. Between 2023 and early 2024, MultiChoice lost over 1.3 million Nigerian customers, representing nearly 43% of its total base in the country, amid rising economic hardship and pushback against frequent price hikes. In its most recent financial year, MultiChoice reported over 9 billion rand in losses (approximately $500 million), underlining mounting challenges across Africa’s top markets.

What This Means for Canal+ and African Broadcasting

For Canal+, which already operates in 25 African countries with over 8 million subscribers, the acquisition opens a direct path to MultiChoice’s 14.5 million subscribers across 50 sub-Saharan nations. The merger combines Canal+’s French-language markets with MultiChoice’s dominance in English- and Portuguese-speaking regions, establishing a continental media powerhouse capable of challenging global streamers like Netflix, Amazon Prime, and Disney+.

Canal+ CEO Maxime Saada said the deal positions the group to become “a true champion for Africa” in pay-TV and streaming. MultiChoice CEO Calvo Mawela echoed the sentiment, noting that the acquisition would ensure continued investment in local content and technological innovation.

Despite its losses, MultiChoice still boasts a vast infrastructure spanning satellite, terrestrial (GOtv), and streaming platforms (Showmax). With Canal+’s global backing, the combined company is expected to:

  • Expand local-language programming.
  • Deepen mobile streaming capabilities across Africa’s fast-growing smartphone market.
  • Retain high-demand premium sports content like the English Premier League through SuperSport.

Canal+ originally began acquiring shares in MultiChoice in 2020. By April 2024, it had built its stake to over 45% and subsequently triggered a mandatory takeover offer. After months of negotiations and regulatory scrutiny, this week’s approval finalizes a transaction that has long loomed over Africa’s media sector.

The End of an Era

Founded in 1985, MultiChoice grew into Africa’s largest satellite television company under South African ownership. Its flagship brand, DStv, dominated premium entertainment across the continent for decades. The full takeover by Canal+ marks the end of its independence—and the beginning of a new chapter driven by global capital and expanding European-African synergy in media production.

Analysts believe the Canal+–MultiChoice merger sets a precedent for the scale and structure of future media ownership on the continent, especially as Africa’s media sector becomes increasingly globalized. Time will tell whether this translates into more affordable and diverse content for consumers, or simply consolidates power among fewer, richer hands.

YouTube’s Ad Revenue Soars to $9.8bn as Viewership Shifts Toward Free Streaming, Reshaping Global and Asian Markets

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A picture shows a You Tube logo on December 4, 2012 during LeWeb Paris 2012 in Saint-Denis near Paris. Le Web is Europe's largest tech conference, bringing together the entrepreneurs, leaders and influencers who shape the future of the internet. AFP PHOTO ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP/Getty Images)

YouTube continues to dominate the streaming landscape, posting a 13% year-over-year increase in advertising revenue in the second quarter of 2025, reaching $9.8 billion, according to Alphabet’s earnings report released on Wednesday.

The figure exceeded analyst projections of $9.6 billion, reflecting the platform’s growing leverage in both traditional TV ad spending and digital streaming.

The growth is not occurring in isolation. Alphabet’s overall quarterly revenue hit $96.4 billion—also a 13% rise from the same period last year—bolstered by a surge across its business arms. Search accounted for $54.2 billion, up 12% year-over-year, while its Google Cloud segment grew 32% to $13.6 billion. Total ad revenue for Alphabet now stands at $71.3 billion, demonstrating a strong rebound in digital advertising.

For YouTube specifically, the gains are closely tied to a broader shift in consumer behavior. A Nielsen report showed YouTube captured 12.4% of total TV viewership time in April, marking the third straight month it led all streaming and broadcast platforms. That dominance only grew by June, with the platform hitting a record 12.8% share of TV viewing time in the U.S., outperforming Netflix, Hulu, and traditional cable networks.

This increasing share of living room screens is fueling YouTube’s appeal to advertisers. As traditional television audiences shrink and the cost of major streaming services rises, advertisers are reallocating spending toward platforms with the largest and most engaged audiences—YouTube being the primary beneficiary. According to industry analysts, the platform’s seamless integration of ad-supported content into connected TVs (CTVs) has opened a crucial revenue stream that traditional digital video never accessed at scale.

YouTube’s growth has not gone unnoticed by competitors. Netflix, which launched its ad-supported tier in late 2022, has vowed to double its advertising revenue this year. Although it has not released official ad revenue figures, Madison & Wall estimates place the figure around $3 billion, still far behind YouTube. Meanwhile, Amazon Prime Video and HBO Max have also ramped up advertising strategies in a bid to capture more budget share from brands pivoting away from traditional TV.

Implications for Asia

The developments carry significant implications for Asia’s vast and diverse streaming market. YouTube’s dominance is poised to expand even further across the continent, where mobile-first and CTV consumption habits are prevalent. Countries like India, Indonesia, Vietnam, and the Philippines already rank among YouTube’s largest global audiences, driven by a young, mobile-savvy population with a strong appetite for free content.

As inflation and economic challenges continue to strain household budgets, YouTube’s free, ad-supported model is increasingly attractive in Asian markets compared to rising subscription prices from platforms like Disney+ and Netflix. Business Insider notes that the cost of paid streaming services has soared globally, pushing more viewers toward “FAST” (Free Ad-Supported TV) platforms like YouTube.

This shift is also expected to influence advertising decisions. Marketers seeking high-volume reach in emerging markets are likely to deepen investments in YouTube’s ad inventory, especially given its powerful targeting tools and regional language content offerings.

However, this means that regional streaming giants like Tencent Video and iQIYI in China, as well as local OTT services in Southeast Asia, will need to rethink their monetization strategies. Some are expected to pivot toward hybrid or ad-based models to remain viable in a market that is quickly warming to free content.

Alphabet’s success this quarter also highlights the rising role of AI and infrastructure in sustaining growth. The company raised its capital expenditure forecast for 2025 to $85 billion—up from $67 billion—driven by expanding AI capabilities and cloud infrastructure. CEO Sundar Pichai stressed that YouTube, Search, and Cloud will all benefit from deeper AI integration, allowing advertisers to create, target, and optimize campaigns with greater precision.

In summary, YouTube’s second-quarter earnings not only underscore its growing dominance in the U.S. but also position it as the leading player in the next phase of streaming, especially in Asia, where economic pressures and mobile adoption are reshaping viewer habits. As rivals scramble to catch up, YouTube is already setting the pace for the global future of digital video.