Alibaba to Bring Tmall eCommerce Site to Europe
Michael Evans, president of Alibaba Group, announced the intention of the Chinese e-commerce giant to launch its Tmall website in Europe.
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Shopify and Volt Forge Open Banking Partnership
E-commerce company Shopify has announced the beginning of an open banking partnership with Volt.
Triple and Prizeout Team for Digital Gift Card Offering
The Prizeout company, which operates in the field of advertising, announced the beginning of a partnership with the Triple offer platform, which is linked to cards.
DJUST Raises $12.9 Million for B2B eCommerce SaaS Platform
The B2B DJUST SaaS e-commerce platform, which is based in Paris, announced that following the results of the Series A financing round, it managed to raise investment funds for $12.9 million.
Amazon Pay Adds BNPL Option by Affirm
Eligible U.S. merchants offering Amazon Pay to their customers can now seamlessly add Affirm’s Adaptive Checkout flexible payment option at checkout
DoorDash Takes Tip From Grubhub With Amazon Canada Partnership
Recognizing that the DashPass subscription growth strategy was aimed at organic channels rather than developing partnerships, DoorDash has changed its position on this issue.
eBay and Techstars Launch Accelerator Program for Innovations in eCommerce
eBay and Techstars, as part of the implementation of the cooperation program, intend to launch an acceleration initiative for companies that carry out their activities in the field of e-commerce and are at an early stage of existence.
Worldline and VTEX Partner on Global eCommerce and Payments
Worldline and VTEX have established a partnership to combine efforts to provide e-commerce and payment services at the global level by multinational merchants.
Shopify Launches Rewards Program for Users of Shop Pay
Shopify announced the launch of a new rewards program for Shop Pay in the USA.
NestAway Sells for $11 Million
Technology firm Aurum acquires NestAway, an Indian startup that has previously demonstrated positive development dynamics and is a real estate rental platform.
Google Wallet Adds Support for QR-Based Cards and Insurance Cards
Google on Thursday, June 1, announced the Google Wallet update.
JPMorgan Debuts B2B Payments Marketplace
JPMorgan Chase has provided business customers with expanded access to its $9.6 trillion payment network.
WPP Partners With Nvidia to Accelerate Production of Advertising Content
WPP has established a partnership with Nvidia.
Alipay+ Expands to Thailand
The four mobile wallets supported by Ant Group’s payment system Alipay+ are now accepted in Thailand
The Impact Of Generational Differences In E-Commerce
With the lion’s share of Gen-Z heading into adulthood, they are quickly catching up to Millennials to become one of the largest consumer demographics. Having more internet literacy than their Millennial counterparts, their impact is becoming most evident in e-commerce and other online marketplaces that use payment processors.
Lazada Enhances Online Shopping With ChatGPT
One of the largest e-commerce operators in Southeast Asia – Lazada – introduced a ChatGPT-powered chatbot called LazzieChat to help users optimize their shopping experience
E-commerce, short for electronic commerce, refers to the trading of goods and services through digital platforms. It enables businesses and consumers to conduct transactions online, offering convenience, speed, and global accessibility across a wide range of industries, from retail and travel to financial services.
Online and mobile commerce rely on digital payment systems to complete purchases. When a customer shops online, a payment gateway or processor securely handles the transaction, authorizing the transfer of funds between accounts. A seamless, secure, and fast payment experience is essential to building trust and reducing cart abandonment in e-commerce, making payment technology a key driver of online commerce growth.
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