Google Wallet Adds Support for QR-Based Cards and Insurance Cards
Google on Thursday, June 1, announced the Google Wallet update.
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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
Klarna Lets Customers Opt Out of Credit
The BNPL giant believes that customers should be given the option to decide when using the credit makes sense for them and opt out if that doesn’t benefit their financial health
Atome Brings BNPL to Amazon Customers in Singapore
Amazon customers in Singapore can now pay for their shopping with a pay-in-three, zero-interest BNPL option provided by Atome – the payment solutions division of Advance Intelligence Group
Walmart Opens Second Automated Market Fulfillment Center
Walmart has opened its second Market Fulfillment Center (MFC).
Walmart Gains eCommerce Edge Over Amazon in India
The Indian business helped Walmart to win a rare victory in e-commerce over Amazon.
PhonePe Expands New Funding to $850 Million
General Atlantic has directed an additional investment of $100 million for the development of PhonePe.
Nigerian B2B E-Commerce Startup Sabi Raises $38 Million to Serve African Retailers
Sabi’s Series B funding round values the company at $300 million and powers the startup’s goal to serve the 50 million small- to medium-sized businesses (SMBs) in Africa
PartsTech Raises $35 Million to Expand B2B Automotive Parts Marketplace
PartsTech announced the attraction of investment funds for $35 million.
The Unmatched Benefits of Ruby on Rails for E-commerce Development
Ruby on Rails (RoR) has become a popular choice in the world of web development, especially for e-commerce applications. With its elegant syntax, extensive libraries, and focus on convention over configuration, RoR offers numerous advantages.
Apple Online Store in Vietnam Gets Instalment Payments from MoMo
The tech giant Apple opened its online store in Vietnam, offering up to 24 months of financing with a local fintech MoMo
Apple Pay Continues Expansion With Honduras and Panama
The popular mobile wallet Apple Pay has launched in Honduras and Panama with support for Mastercard and Visa credit and debit cards issued by the partnering banks
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.
