E-commerce - page 24

Amazon Launches New AI-Powered Feature
Fintech & Ecommerce

Amazon Launches New AI-Powered Feature

Amazon on Monday, August 14, announced the launch of a new feature based on artificial intelligence, which highlights the most important and significant parts of customer reviews of products purchased on the e-commerce giant’s platform.

Cartwheel Integrates With Toast Partner Ecosystem
Fintech & Ecommerce

Cartwheel Integrates With Toast Partner Ecosystem

Cartwheel, the on-demand delivery management platform, announced integration with the Toast partner ecosystem.

LuLu Group Raises $2.72 Billion
Fintech & Ecommerce

LuLu Group Raises $2.72 Billion

LuLu Group International, which is based in Abu Dhabi and owns one of the largest hypermarket chains in the Middle East, is raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of the expected initial public offering (IPO).

Serve Robotics Raises $30 Million
Fintech & Ecommerce

Serve Robotics Raises $30 Million

The company Serve Robotics announced the completion of a public deal and the raising of $30 million in financing.

Amazon’s Robot Workers to Manage Warehouse in Australia
Fintech & Ecommerce

Amazon’s Robot Workers to Manage Warehouse in Australia

The Australian branch of Amazon plans to move to the largest warehouse in this country.

John Lewis Launches Google Cloud Partnership
Fintech & Ecommerce

John Lewis Launches Google Cloud Partnership

The British company John Lewis announced the beginning of cooperation with Google Cloud.

Amazon to Debut Prime Big Deal Days Event in Fall
Fintech & Ecommerce

Amazon to Debut Prime Big Deal Days Event in Fall

After the impressive results of Prime Day, Amazon decided to continue the sales events.

Auction House Phillips to Roll Out eCommerce Platform
Fintech & Ecommerce

Auction House Phillips to Roll Out eCommerce Platform

The media reported that the Phillips auction house, which is known for selling paintings by aspiring artists, begins the history of its presence in the area of e-commerce.

TikTok Reportedly Plans to Get Indonesian Payments License
Fintech & Ecommerce

TikTok Reportedly Plans to Get Indonesian Payments License

The media reports that TikTok is currently negotiating with regulators in Indonesia in order to obtain a payment license in this country.

Amazon Reports Increase in Online Sales in Second Quarter of 2023
Fintech & Ecommerce

Amazon Reports Increase in Online Sales in Second Quarter of 2023

Amazon’s results for the second quarter of this year testified that the company’s desire to become a large-scale commercial ecosystem, the concept of which provides for going beyond the format of sales reporting on its platform, is being implemented and has a certain level of efficiency.

DoorDash’s Grocery Business Grows to Record-High 532 Million Orders
Fintech & Ecommerce

DoorDash’s Grocery Business Grows to Record-High 532 Million Orders

DoorDash fixed record volumes of orders against the background of the rapid expansion of its grocery business, which has resulted in the growth of sales figures.

Amazon to Double Same-Day Delivery Facilities
Fintech & Ecommerce

Amazon to Double Same-Day Delivery Facilities

Amazon on Monday, July 31, announced its intention to double the number of same-day delivery points in the United States.

DoorDash Reportedly Tests AI Chatbot
Fintech & Ecommerce

DoorDash Reportedly Tests AI Chatbot

The media reports that DoorDash is currently testing a chatbot based on artificial intelligence.

TikTok Partners With Atome for Malaysia E-Commerce
Fintech & Ecommerce

TikTok Partners With Atome for Malaysia E-Commerce

TikTok’s e-commerce unit announced that it has reached an agreement on a partnership with the fintech platform Atome, which is part of the ownership structure of Advance Intelligence Group.

Amazon Prime Day Boosts Online Sales in US
Fintech & Ecommerce

Amazon Prime Day Boosts Online Sales in US

During the first 24 hours of Amazon Prime Day, American Internet users spent $6.4 billion on making purchases on virtual commercial platforms.

eBay Acquires AI-Powered Product Authentication Company Certilogo
Fintech & Ecommerce

eBay Acquires AI-Powered Product Authentication Company Certilogo

eBay on Tuesday, July 11, announced the completion of the acquisition of the company Certifogo, which provides digital identifiers and authentication of clothing and fashion products based on artificial intelligence.

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.