Mastercard Unveils Gen-AI Assistant Shopping Muse
Advanced generative AI tool by Mastercard reimagines the search and discovery of products in retailers’ digital catalogues.
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US Black Friday Online Sales Approach $10 Billion
The media reports that this year in the United States in the segment of virtual sales, consumers spent a record $9.8 billion during Black Friday.
TikTok Mulls Tokopedia Investment for New E-Commerce Platform
TikTok is reportedly considering an investment into Tokopedia, a unit of Indonesia’s GoTo Group, to revive its e-commerce service in Southeast Asia’s largest retail market.
5 Ways to Survive Holiday Expenses
Holidays are coming. As the cost of living increases, for many people, the holiday season brings not only joy but also headaches from trying to make ends meet. Don’t let multi-digit price tags scare your holiday spirit away. Here are some tips and tricks to help your budget survive holiday expenses.
Klarna Expands Ad and Marketing Tools for Creators and Retailers
The Klarna payment network has decided to expand its advertising and marketing tools for creators and retailers.
CEO of eBay Says About Positive Impact of AI Update on Customer Experience
One of the largest players in the global sphere of e-commerce, eBay has concluded that its investments in artificial intelligence make customers happier.
Shopify to Use AI to Give Merchants Competitive Advantage
Shopify, one of the main providers of software and services for sellers who carry out their activities in the virtual space, considers artificial intelligence as a tool for providing competitive advantages to those who interact with this company.
Southeast Asia’s Digital Economy to Hit $218 Billion in 2023
In the Google, Temasek, and Bain & Company report there is a forecast that the total value of transactions in the space of the digital economy of Southeast Asia will reach $218 billion this year.
Stripe Checkout Becomes Embedded
Stripe Checkout solution can now be embedded into any website, facilitating the online shopping process for both end customers and merchants.
BNP Paribas and 321founded Present Payment Management Tool
The French banking group BNP Paribas has created a fintech company that is focused on European e-commerce players.
PayPal Launches Package Tracking Feature
PayPal has announced the launch of a parcel tracking feature in its app.
Amazon to Open Retail Business in South Africa
Amazon plans to launch its online retail business in South Africa next year.
US Online Holiday Sales to Hit $222B, Driven by Mobile Shopping
According to Adobe Analytics, online holiday sales in the USA are expected to hit $221.8 billion this holiday shopping season (Nov. 1 to Dec. 31), representing 4.8% growth year-over-year (YoY).
Klarna Rolls Out AI Shopping Lens & Shoppable Videos
Klarna has introduced new AI-powered shopping tools that make product search easier. Now Klarna customers can find and buy items they see around them, in an image or a video clip.
Amazon Launches Fall Sale for Prime Subscribers
Amazon on Tuesday, October 10, launched a fall sale for Prime subscribers.
Amazon India Predicts Record Festive Sales
Amazon India expects unprecedented sales during the biggest e-commerce online event, the Great Indian Festival, this year.
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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