US Holiday Retail Sales Grow 3.1%
Mastercard SpendingPulse estimated that this year’s holiday in-store and online retail sales grew 3.1% year over year.
E-commerce - page 9
Soum Raises $18 Million
The re-commerce platform Soum has announced that it has managed to raise $18 million to expand its operations in the Middle East and North Africa.
Walmart Upgrades Self-Checkout With BNPL from Affirm
Affirm’s flexible pay-over-time BNPL options are now available in self-checkout kiosks at over 4,500 Walmart stores in the United States.
Meta Launches Partnership With India’s ONDC
Meta announced the beginning of cooperation with the Indian Open Network for Digital Commerce (ONDC).
LTK Rolls Out AI Solution to Match Brands and Creators
LTK announced the launch of a new artificial intelligence-based solution, through which brands can interact with creators and plan marketing campaigns.
TikTok Invests $1.5 Billion to Get Back Into Online Shopping in Indonesia
TikTok, which is part of the ByteDance ownership structure, is investing $1.5 billion to become the controlling shareholder of the e-commerce unit of Indonesia’s GoTo Gojek Tokopedia.
Livestreaming E-Commerce Surges in China, Boosted by AI
This year’s Singles Day highlighted the growth of livestreaming e-commerce sales, fueled by virtual avatar hosts and AI chatbot use.
Mastercard Unveils Gen-AI Assistant Shopping Muse
Advanced generative AI tool by Mastercard reimagines the search and discovery of products in retailers’ digital catalogues.
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.
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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