Alibaba to Roll Out Its Own AI Bot
At the peak of the popularity of ChatGPT, Chinese tech giant Alibaba is preparing to introduce an AI-enabled chatbot assistant speaking both English and Mandarin
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Paytm Launches 4G Soundbox Payment Device
Paytm Soundbox audio confirmation solution now comes in 4G to boost the payment acceptance experience for merchants in India
TikTok Ban Threat Scares Off US Merchants
The media reported that TikTok faced problems attracting American sellers to its online shopping service.
Expedia Integrates ChatGPT: How Does AI Help You Book a Trip?
The leading travel booking platform Expedia has added the ChatGPT function to its bot for clients to get AI-enabled recommendations on destinations, hotels, transportation, and leisure activities
Asia Innovations Group Adds AI-Powered Capabilities to eCommerce Platform
Asia Innovations Group (ASIG) has announced the addition of artificial intelligence (AI)-based capabilities to its e-commerce platform.
Tillerman Launches Insights Tool Leveraging POS Data
Designed for retail brands and wholesalers, the new Tillerman Insight tool is equipped with an interactive and visual dashboard that facilitates gaining and analysing insights from the POS data
India Government-Backed Open E-Commerce Network Expands to Mobility
The Open Network for Digital Commerce, an initiative supported by the Government of India, has begun to show interest in a new field of activity.
Adyen Integrates Click To Pay Checkout Which Works Even for Guests
Fintech platform Adyen integrated the Click To Pay experience into its online checkout flow in all available markets, enabling even guest shoppers to bypass manual data entry
FlashCloud Employs Machine Learning to Enable Businesses Tailor Their Sales Pitch
A new machine learning (ML) enabled feature from FlashCloud Intelligence helps business-to-business (B2B) sellers find prospects on social media and identify “buying signals”
ECB Introduces Timeline for CBDC Rollout
The European Central Bank (ECB) has announced its plans for a step-by-step rollout of a digital euro CBDC. The final realisation phase may come later this year
DoorDash Partners With Chase to Drive Rewards Card Spend
DoorDash launched a co-branded Rewards Mastercard in partnership with Chase, offering 4% cash back on orders placed via the aggregator or its subsidiary Caviar
E-commerce Aggregator Una Brands Lands $30 Million
Una Brands, a Singapore-based e-commerce aggregator, announced the attraction of investment funds for $ 30 million following the results of the Series C financing round.
PayU Launches 3DS2 SDK for Indian E-Commerce
Indian payment aggregator PayU to offer 3DS2 software development kit (SDK) for all domestic and international transactions to resolve the issues of transaction security and speed
Embedded Payments Revenue to Surpass $59B Globally by 2027
A new study from Juniper Research found that the global revenue from embedded payments will reach $59 billion in 2027, up 84% from $32 billion in 2023
Walmart Readies $2.5 Billion Investment in India’s E-Commerce and Payments
Walmart plans to invest more than $2.5 billion to develop its e-commerce and payments business in India.
Avalanche Gains 20% in Hours After Amazon Partnership Announcement
Cryptocurrency Avalanche (AVAX) grew by 20% in just a few hours following Ava Labs joining the AWS Partner Network. In partnership with Amazon, Ava Labs rolled out a new infrastructure feature, making it easier to launch and manage Avalanche nodes.
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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