News

Super Fast 6G Connectivity Is Closer Than You Think

Samsung’s end-to-end prototype system was able to achieve real-time throughput of 6.2 Gbps over a 15-meter distance.

Published

3 years ago

July 1, 2021

super fast 6g connectivity is closer than you think

Even though 5G smartphones represented just 12 percent of all smartphones sold last year, telcos and researchers are already developing the sixth generation standard for wireless communications technologies, referred to simply as 6G.

Recently, Samsung Electronics in collaboration with the University of California, Santa Barbara (UCSB) have demonstrated a 6G Terahertz (THz) wireless communication prototype, paving the way for peak data rates that are as much as 50 times faster than 5G.

“As we shared in our 6G vision white paper last year, we believe new spectrum opportunities at the THz spectrum will become a driving force of 6G technology,” said Senior Vice President Sunghyun Choi, an IEEE Fellow and Head of the Advanced Communication Research Center at Samsung Research. “This demonstration can be a major milestone in exploring the feasibility of using the THz spectrum for 6G wireless communications.”

Samsung’s end-to-end prototype system was able to achieve real-time throughput of 6.2 Gbps over a 15-meter distance, in part thanks to a precise digital beamforming calibration algorithm that allows for high beamforming gain.

That’s even more than the current 5G record, which was achieved in March of this year by Nikia and Turk Telekom. During their 5G trial, the two companies successfully transferred data across Turk Telekom’s 26Ghz mmWave spectrum at a peak speed of 4.5 Gbps. If everything goes according to plan, the first 6G networks could launch commercially in 2030.

Also Read: Etisalat & Ericsson Join Forces To Deploy 5G High-Band In UAE

Since regular smartphone users don’t really need an absurd amount of bandwidth to enjoy social media, stream high-resolution content, or video-chat with colleagues and friends, it’s likely that the adoption of 6G will be driven mainly by emerging mobile use scenarios, such as virtual and augmented reality (VR/AR), the Internet of Things (IoT), and people living in isolated areas where wired internet access isn’t available.

News

Paymob Extends Series B Funding To $72M Amid Continued Growth

The financial services provider has secured an extra $22 million after strong performance in its core market of Egypt.

Published

23 hours ago

September 12, 2024

Nour Nasir

paymob extends series b funding to $72 million amid continued growth

Leading financial services provider Paymob has secured an additional $22 million in a funding extension, bringing its Series B total to $72 million.

The funding was spearheaded by EBRD Venture Capital, with support from Endeavor Catalyst. Existing backers such as PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures also participated, reaffirming their confidence in Paymob’s business model and potential in the regional fintech industry.

This extension comes on the back of Paymob’s strong performance in its core market of Egypt, where it has experienced 6x revenue growth since the initial Series B in Q2 2022. With the Series B extension and continued profitability in Egypt, Paymob is well-positioned to further its expansion strategy across the MENA region.

Islam Shawky, Co-founder and CEO of Paymob, commented: “We are very excited by our strong prospects in Egypt – where we hold a market-leading position – and the significant traction experienced in the UAE since launching operations there. This funding will help Paymob fully capitalize on the momentum in our established markets, as we accelerate our GCC roll-out. We remain committed to creating cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact”.

Also Read: Zoho Expands Qatar Operations & Releases New Survey Data

The expansion into GCC markets has been driven by Paymob’s initial Series B funding of $50 million, raised in 2022 and led by Kora Capital, PayPal Ventures, and Clay Point. The investment fueled Paymob’s growth, allowing it to launch its mobile app in 2023 and grow its merchant base by 3.5 times, now serving nearly 350,000 merchants across MENA.

Paymob has also expanded its payment acceptance suite to offer 50 payment methods through its gateway, POS terminals, and the Paymob app, providing the region’s most comprehensive fintech solution. The company recently introduced embedded checkout services for Shopify and WooCommerce, further demonstrating its commitment to empowering small and medium businesses across the region.