E-commerce

Fintech & Ecommerce

Mercado Libre Reportedly to Invest $2.5 Billion to Bolster Growth in Mexico

Media reports that Mercado Libre, which operates in the sphere of e-commerce and provides payment services to consumers, plans to invest $2.5 billion in Mexico.

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Starbucks Ends NFT Program

Starbucks’ “Odyssey Beta program” which allowed users to engage in coffee-themed games and challenges in return for digital collectable NFT stamps will wind up on March 31.

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Klarna Sees Tremendous Improvements Brought By AI Bot

Klarna has had its new AI bot conducting 2.3 million conversations, two-thirds of Klarna’s total customer service chats, within the last month.

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Amazon to Launch Fast Fashion Store in India

Amazon Bazaar platform will offer a selection of affordable unbranded clothing and accessories to value shoppers in India.

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Coinbase Commerce Drops Native Bitcoin Support

From now on, to use Bitcoin for payments, shoppers will need a Coinbase account, as the Coinbase Commerce platform no longer supports Bitcoin payments from self-custody wallets or third-party exchanges.

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DoorDash Increases Its Retail Presence

DoorDash is gradually undergoing a process of functional transformation from a digital restaurant food delivery platform into something more than a super app, expanding its retail offerings.

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FIS and Banked Launch Pay-by-Bank Solutions

The new pay-by-bank solutions will enable FIS and Banked customers to make payments directly between business and consumer bank accounts without needing card details, account numbers or sort codes.

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Taco Bell Sees Record Digital Sales

Taco Bell’s parent company Yum Brands continues to direct investment funds into digital technologies.

Fintech & Ecommerce

PayTabs Partners With Nearpay for SoftPOS Improvement

PayTabs and Nearpay aim to offer customers across Jordan and other regional markets an enhanced SoftPOS payment experience.

Fintech & Ecommerce

Amazon Beta Launches AI Shopping Assistant

Amazon has announced the launch of a beta version of a new virtual shopping assistant based on generative artificial intelligence.

Fintech & Ecommerce

TikTok and GoTo Announce Partnership in Indonesia

TikTok and GoTo announced the establishment of a strategic partnership in Indonesia.

Fintech & Ecommerce

Walmart Expands Virtual Try-On Tech

Walmart has decided to expand the use of augmented and virtual reality technologies, spreading this offer on eyewear.

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FreedomPay Expands to Spain After Redsys Certification

FreedomPay has reached an important milestone of getting integrated certification from Redsys, a Spanish payments processing provider, which enables the company to offer its commerce platform to Spanish merchants.

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Razorpay POS Offers Instant Refunds for Failed UPI Transactions

Razorpay POS has unveiled instant UPI transaction refunds that reduce refund processing time from conventional 5-6 business days to about 2 minutes.

Fintech & Ecommerce

Nuvei Partners With Adobe to Enhance eCommerce Payments

Canadian fintech company Nuvei has announced the launch of a new global partnership with Adobe to improve the payment transaction process in the sphere of e-commerce.

Fintech & Ecommerce

Challenges to Fintech Development in Nigeria

Mass adoption of digital services in Nigeria is consistent with the growth of the local fintech industry. However, the immense potential of this segment cannot be fully revealed without overcoming a number of the regulatory and financial challenges.