Tagged: digital commerce

December 4, 2023 @ 11:49 pm By Omar Faridi  |  

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

November 23, 2023 @ 12:43 pm By Omar Faridi  |  

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

November 14, 2023 @ 3:30 pm By Omar Faridi  |  

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

November 8, 2023 @ 5:22 pm By Omar Faridi  |  

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

October 30, 2023 @ 9:13 pm By Omar Faridi  |  

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

October 24, 2023 @ 10:13 pm By Omar Faridi  |  

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

October 22, 2023 @ 2:38 pm By Omar Faridi  |  

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

October 5, 2023 @ 11:55 pm By Omar Faridi  |  

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

October 5, 2023 @ 10:53 pm By Omar Faridi  |  

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

September 26, 2023 @ 8:51 pm By Omar Faridi  |  

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

September 21, 2023 @ 12:23 pm By Omar Faridi  |  

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

September 16, 2023 @ 4:51 pm By Omar Faridi  |  

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

September 6, 2023 @ 7:11 pm By Omar Faridi  |  

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

September 6, 2023 @ 12:14 pm By Omar Faridi  |  

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

August 29, 2023 @ 9:30 pm By Omar Faridi  |  

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

August 26, 2023 @ 12:11 pm By Omar Faridi  |  

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

August 18, 2023 @ 12:23 pm By Omar Faridi  |  

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

August 16, 2023 @ 7:00 pm By Omar Faridi  |  

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

August 15, 2023 @ 6:45 am By Omar Faridi  |  

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

August 9, 2023 @ 10:26 pm By Omar Faridi  |  

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