Ecommerce News : Online Wallet OnOn Pay Raises Pre-Series A

Here’s what you need to know before you start the weekend.

1. Vietnamese mobile wallet and phone top-up startup OnOnPay raises pre-series A funding

The startup raised a pre-series A round worth $800,000.

The round is led by Asian venture capital firm Gobi Partners. Existing investor Captii Ventures participated. OnOnPay will use the funding to grow its user base and keep developing its tech.

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2. Asia Pacific leads for mobile cross-border shopping

Asia Pacific leads the world in mobile cross-border shopping, according to the third PayPal Annual Global Report, released in conjunction with global market research company Ipsos.

“Selling internationally is a substantial opportunity for merchants around the globe to grow their business,” says PayPal director of global initiatives Melissa O’Malley.

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3. Wal-Mart talks up ecommerce

For the third quarter in a row Walmart has beaten analysts’ predictions on revenue and marked same-store sales increases and in Q3 the company also had some more than solid growth in ecommerce lines and on the global scene.

Read the rest of the story here.