Tagged: online shopping

September 18, 2022 @ 11:46 pm By Omar Faridi  |  

China and the US present the “greatest” opportunity for cross border eCommerce expansion in 2022 and beyond, according to a joint report from Airwallex and PPRO. China has “the largest cross border eCommerce market with a total value in 2021 of USD 301.5 billion.” The… Read More

September 3, 2022 @ 10:23 am By Omar Faridi  |  

Over half (59%) of consumers are “more concerned about becoming a victim of fraud now than they were in 2021.” That’s according to research released by specialized payments platform, Paysafe (NYSE: PSFE) which indicates that consumers across North America, Latin America and Europe are “prioritizing… Read More

August 29, 2022 @ 1:37 pm By Omar Faridi  |  

Buy Now, Pay Later (BNPL) plans have taken over as a “popular” financing option for consumers, partly due to “an increase in online shopping demands during the pandemic,” the TrueAccord team notes in a blog post. In 2021, Americans “spent more than $20 billion through… Read More

August 8, 2022 @ 11:58 pm By Omar Faridi  |  

Since 2020, and the recent global pandemic, digital commerce has seen “exceptional growth,” according to an update from Juniper Research. Although the impact of COVID-19 certainly forced an increase in online shopping and eCommerce usage, it is clear that it is “a continuing trend,” the… Read More

July 16, 2022 @ 1:17 pm By Omar Faridi  |  

American Express (NYSE:AXP) has launched the “refreshed” Blue Cash Everyday Card with “new online shopping rewards, credits for streaming and cooking at home, and a sleek new Card design.” Blue Cash Everyday now “offers 3% cash back on U.S. online retail purchases, at U.S. supermarkets,… Read More

July 8, 2022 @ 11:10 pm By Omar Faridi  |  

Worldline [Euronext: WLN], which claims to be an international leader in payment services, is assisting its digital commerce customers with entering the fast-evolving Chinese markets. Over 1.38 million Chinese consumers currently order various items from other nations. As noted in the update, the key to… Read More

July 6, 2022 @ 4:08 pm By Omar Faridi  |  

Paytrail and Mastercard’s (NYSE: MA) partnership via Aiia, an Open Banking platform, is now supporting over 1 million open banking payments every month. Paytrail and Aiia have reportedly been working together since 2019, as they focus on supporting Open Banking enabled payments via digital commerce… Read More

June 26, 2022 @ 3:32 pm By Omar Faridi  |  

Kasheesh, a “first-to-market” digital payment platform, allows people to split payment for online purchases “across multiple combinations of debit and credit cards in any way they want, without added cost or interest hikes.” As part of its launch, Kasheesh has also announced it has raised… Read More

May 15, 2022 @ 7:34 pm By Omar Faridi  |  

Klarna, a global retail bank, payments, and shopping service, recently announced the launch of its Virtual Shopping offering, “bringing the best of in-store to the online experience.” Virtual Shopping by Klarna “enables consumers to browse and buy online with confidence by connecting them directly with… Read More

April 26, 2022 @ 7:56 am By Omar Faridi  |  

Mastercard (NYSE: MA) recently announced the launch of an “enhanced” identity solution designed to improve the online shopping experience and “tackle digital fraud” in a new collaboration with Microsoft Corp. (NASDAQ: MSFT). Now more than ever, delivering a “frictionless” shopping experience is critical “as retailers… Read More

March 28, 2022 @ 1:03 am By Omar Faridi  |  

QOALA, a “free” browser extension and mobile app that “automatically rewards users while shopping online” with the aim to help digital commerce sites to improve their conversion rates, has acquired 78% (€391,365) of its €500,000 target via Crowdcube (at the time of writing) with 29… Read More

March 4, 2022 @ 9:22 pm By Omar Faridi  |  

Indian Fintech firm Razorpay notes that cart abandonment makes a “serious dent” in a digital commerce company’s operations. You may ask e-commerce stores, and they will tell you how much it affects their business. And when it comes to stats and data, we can see… Read More

February 22, 2022 @ 1:30 pm By Omar Faridi  |  

Despite the surge in US digital commerce sales, online consumers remain “unpredictable” when it comes to checking out online: The average online shopping cart abandonment rate is 70%, according to an update from Affirm (NASDAQ:AFRM). Anything you can do to lower that rate for your… Read More

January 14, 2022 @ 12:52 pm By Omar Faridi  |  

The team at Fintech company Affirm (NASDAQ: AFRM) notes that two years of living with a global pandemic have “reshaped expectations for consumers and retailers in 2022.” Affirm writes in a blog post that shoppers plan to “travel and buy new clothes, and many retailers… Read More

January 10, 2022 @ 4:20 am By Omar Faridi  |  

Checkout.com reveals that their research finds efforts to promote environmental sustainability, mitigate fraud and “unlock new growth channels” which should help define e-commerce in 2022. Checkout.com writes in a blog post that they’ve witnessed “an explosion” in digital commerce growth in recent years. And that… Read More

December 20, 2021 @ 3:23 pm By Omar Faridi  |  

European digital bank bunq has shared quick and safe ways to make contactless payments via their platform. According to bunq, gone are the days when you were required to carry physical payments cards with you everywhere, because now, most of the time, just your phone… Read More

December 19, 2021 @ 11:43 am By Omar Faridi  |  

Starting from December 17, 2021, Amazon clients in the United Kingdom will have access to a new, flexible payment method – Instalments by Barclays, helping them to “finance purchases of £100 or more on amazon.co.uk.” As mentioned in the announcement, the reusable credit account may… Read More

December 9, 2021 @ 7:48 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, has announced the launch of the Klarna browser extension, which had been in “beta testing with over 100,000 consumers.” The extension enables consumers to “shop with Klarna’s flexible payment options on their desktop at every online… Read More

November 15, 2021 @ 7:46 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM) notes that Buy Now, Pay Later (BNPL) is more than just a “modern twist” on layaway. Affirm writes in a blog post that consumers love the flexible payment method as a way to “avoid credit cards and manage their cash flow.” The… Read More

November 9, 2021 @ 7:42 am By Omar Faridi  |  

Klarna, the international retail bank, payments and shopping service with 90 million users across the globe, has officially launched operations in Ireland today. As mentioned in the announcement, Klarna will aim to empower Irish consumers with a better overall shopping experience and improved control, transparency… Read More