Online Black Friday Spending Rises 10%
U.S. shoppers made online purchases worth nearly $10.8 billion on Black Friday using their mobile phones, laptops, desktops and other portable devices.
E-commerce - page 4
How Online Payment Trends Affect Holiday Shopping
Holiday shopping patterns continuously change reflecting macroeconomic realities, consumer behaviour shifts, and the constant evolution of payment methods. As the season of joy is approaching, we cannot help but wonder what changes current online payment trends have brought to the holiday shopping routine.
Mastercard Offers Immersive Shopping Experiences to Boost Canadian SMBs
Mastercard is launching a festive shopping initiative in Fort Langley, B.C., where immersive interactive experiences will amuse customers and support local small businesses (SMBs).
Canadian Holiday Sales to Increase 2.2% This Season
Mastercard SpendingPulse reveals encouraging signs for Canadian holiday retail sales, with several factors enhancing consumers’ purchasing power.
Over Half of U.S. Consumers to Tap Credit for Holiday Shopping
The impact of rising costs and limited budgets is evident in consumer sentiment in the U.S. this holiday season, as about 68% are worried about affording gifts and more than half will be forced to use credit solutions for holiday shopping.
Perplexity AI Launches Shopping Assistant
Perplexity AI has launched a virtual shopping assistant based on artificial intelligence in the United States.
Walmart Shares Demonstrate Significant Growth
The value of Walmart shares is currently showing the most intense annual growth in the last two decades.
Alibaba Reports Earnings
Chinese e-commerce giant Alibaba on Friday, November 15, released information about its earnings for the third quarter of 2024.
Amazon Launches Low-Cost Ecommerce Service in US
Amazon has launched a new virtual store of products priced from $20 and below.
Mastercard to Phase Out Manual Card and Password Entry by 2030
Mastercard envisions the future of e-commerce without manual entries of physical card numbers, passwords or one-time codes needed for secure purchases.
Alibaba Launches AI Search Tool for Small Businesses
Alibaba, the Chinese e-commerce giant, which is also a major player in the technology sector, on Tuesday, November 12, presented an artificial intelligence-based search engine designed for small businesses in Europe and the Americas to source supplies.
Klarna Collaborates With John Lewis & Partners
Klarna has partnered with John Lewis & Partners to offer its “Pay in 3” BNPL service, allowing customers to spread payments over 60 days with no interest accrued.
Affirm Rolls Out BNPL Services in UK
Flexible payment network Affirm introduced its BNPL services to customers in the UK marking its first European expansion.
AliExpress Welcomes U.S. Retailers to Its Direct Platform
AliExpress invited U.S.-based retailers to join the AliExpressDirect initiative and reach a global audience through the Chinese leading e-commerce platform.
Amazon Introduces New Virtual Holiday Shop
Holiday shopping has just become easier and more fun with a new virtual holiday shop by Amazon.
Halloween Sales to Drop and Become Spread Out in 2024
Halloween consumer shopping patterns are changing, with holiday sales expected to fall by $600 million from the record-high figures of 2023.
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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