Tagged: digital commerce

BNPL Adoption: Buy Now Pay Later Transactions via Afterpay Increased Significantly During Holiday Shopping

Globally, the peak minute of shopping occurred on Black Friday at 2:09 pm ET on November 24, 2023, according to an update shared by Square. Cities with the largest volume of sales were New York, Los Angeles, London, Chicago, and Miami. Over the Black Friday… Read More

UK’s Starling Bank Survey: Consumers Admit to Overspending, Experience Negative Impact of Making Unnecessary Purcchases

The Black Friday sales are fast upon us and while “nearly two thirds (62%) of consumers say they plan to take advantage of the discounts, nearly a third (29%) of people who have shopped over Black Friday in the past have regretted their purchases.” Buyer’s… Read More

Digital Debt Collection Fintech TrueAccord Examines Why Having the Right Collection Partner Equates to Improved Recovery Opportunities

Fintech TrueAccord explains why not having the right collection partner can “equate to missed recovery opportunities tomorrow.” TrueAccord looks into what makes the end of the year such an important time “to evaluate your current collections partner.”  TrueAccord comments on why firms need to evaluate… Read More

Primer, the Infrastructure for Payments and Commerce, Secures Investment from Tencent

Primer, the unified infrastructure for global payments and commerce, has secured investment from the internet company Tencent. Primer claims that it has experienced rapid growth “across Europe, Asia Pacific and the US markets including significant customer wins across retail, fashion, travel and mobility industries with… Read More

Insurtech: Shippo and Cover Genius to Introduce Total Protection, an Insurance Solution for Merchants

Shippo, the shipping platform for modern e-commerce, and Cover Genius, the insurtech for embedded protection, today announced a partnership to enhance the merchant experience with the launch of Shippo Total Protection, a solution that “provides merchants with comprehensive protection, global coverage and seamless claims handling.”… Read More

Riskified and Plaid to Enhance Risk Protection for ACH Bank Payments

Riskified (NYSE: RSKD), which claims to be a leader in ecommerce fraud and risk intelligence, today announced a partnership and integration with Plaid, the data network powering the digital financial ecosystem. This partnership empowers online merchants, marketplaces, and trading platforms to approve ACH (Automatic Clearing… Read More

Fintech Platform Finastra, ELCY to bring Corporate Trade Finance Portal to Market

Finastra, a global provider of financial software applications and marketplaces, is partnering with ELCY, a specialist in e-commerce solutions for the processing of international trade finance, to provide a trade finance solution for corporates. The Corporate Trade Finance Portal from Finastra and ELCY will “enable… Read More

Online Spending Declines as Retailers Brace for Challenging Market Conditions, Airwallex Report Reveals

A spending downturn in the retail and e-commerce sector drove a $2.9 billion YoY nation-wide drop in online spending, according to the Q3 Digital Economy Index from global financial platform Airwallex. The quarterly Airwallex Digital Economy Index “records year-on-year and quarter-on-quarter snapshots of the digital… Read More

Fintech Clearco Raises $60M Series D Led by Inovia Capital and Founders Circle Capital

Toronto-based fintech Clearco announced the completion of multiple actions to recapitalize its business and solidify its position as the leading provider of growth capital to e-commerce businesses. The transactions include “a $60M equity raise from existing investors and a new asset-backed financing facility, which provides… Read More

Digital Commerce Transactions to Exceed 1 Trillion Mark Globally by 2024, as NFC Payments and Online Ticketing Surge Ahead

A new study by Juniper Research, the professional team focused on fintech & payments markets, has found by next year, digital commerce transaction volumes will “reach 1.08 trillion globally; rising from 966 billion this year – a very strong 12% growth in a single year.”… Read More

Fasanara Capital, Allianz Trade to Support Growth of Fintech Industry

Fasanara Capital, the institutional asset manager, and Allianz Trade, the trade credit insurer, are joining forces to provide up to a $1bn financing boost to the fast-growing global B2B e-commerce sector. Fintech investors are seeking out investment opportunities “in and returns from businesses that are… Read More

Online Retailers Are Losing Money to Policy Abuse, Riskified Report Claims

Riskified (NYSE:RSKD), a firm focused on ecommerce fraud and risk intelligence, published “Policy Abuse and Its Impact on Merchants: Global Benchmarks 2023,” revealing how consumer misuse of refunds, returns, and promotional programs, “alongside resellers, is forcing retailers and other merchants to strike a difficult balance… Read More

Digital Commerce Growth Platform Wayflyer Secures $1B Financing from Neuberger Berman

Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, has announced that it has agreed to an off-balance sheet program that will purchase up to $1bn of assets from funds managed by investment management firm Neuberger Berman. The facility means that Wayflyer is able… Read More

JPMorgan Payments Selects Network International to Drive Payment Acquiring in the Middle East

Network International, the enabler of digital commerce across the MEA region, has announced a partnership with J.P. Morgan Payments in order “to strengthen the bank’s acquiring offering.” J.P. Morgan Payments currently “operates in over 160 countries and over 120 currencies and is one of the… Read More

China Expected to Lead Global Digital Commerce Market with Projected $2.2T Sales in 2023, Report Claims

China is set to retain its dominant position in the global e-Commerce landscape, according to an update shared by GlobalData. Bolstered by a solid 9.9% growth, the Chinese e-Commerce market is “anticipated to surge to CNY 15.2 trillion ($2.2 trillion) in 2023, driven by the… Read More

Craftgate Technology, a Payment Orchestration Platform, Receives Investment to Expand Operations

Craftgate Technology, a “One-Stop Shop” payment orchestration platform, announces that the company received USD 1 million investment from D-MARKET Electronic Services & Trading (d/b/a ‘Hepsiburada’) (NASDAQ: HEPS), a Turkish e-commerce platform and D4 Ventures, a UK-based venture capital company. Based in İstanbul, Türkiye, Craftgate helps… Read More

Mastercard, Riskified to Leverage Fraud Insights to Drive E-Commerce Revenue Growth

Riskified (NYSE:RSKD), which claims to be a leader in ecommerce fraud and risk intelligence, today announced an enhanced partnership with global payments leader Mastercard, that will improve the ability of businesses across the globe “to grow online revenues and profit while mitigating the risk of… Read More

Digital Transactions: Noqodi, Network International to Enhance Virtual Payments Offering

noqodi, a Fintech company has broadened its collaboration with Network International (Network), the enabler of digital commerce across the Middle East and wider MEA region, enabling the company “to expand digital payments acceptance for a wider range of sectors beyond just government and private sector… Read More

Inter&Co, a Fintech App Offering Digital Commerce Services, Reports Latest Financial Results

Inter&Co, Inc (Inter), (NASDAQ: INTR), the Super App which provides financial and digital commerce services to more than 28 million customers, recently reported financial results for its second quarter ended June 30, 2023. João Vitor Menin, CEO of Inter&Co said: “This quarter marks an inflection… Read More

Philippines: Netbank, UBX to Extend Loans to SMBs Selling via Digital Commerce Platforms

Netbank and UBX have signed an agreement to issue loans to sellers on ecommerce platforms, and started to issue these loans. Netbank expects to rapidly “expand its lending to e-commerce sellers in the next year.” Many sellers on e-commerce platforms “require additional working capital to… Read More

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