On The Web

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Domains

As Customers Move Online, So Does the Holiday Shopping Season

November 24 2020

• in
• Remote Commerce

“The holidays will look different at Macy’s this year. The Thanksgiving Day parade will proceed without spectators, and Santa Claus will not be reviewing Christmas wish lists from his usual perch on 34th Street. But while many of those traditions are likely to return once the threat of the coronavirus passes, other changes at Macy’s […]

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Deals

YC-backed Cashfree raises $35.3 million for its payments platform

November 24 2020

• in
• India
• Remote Commerce

“Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 million in a new financing round as the profitable firm looks to broaden its offering… Cashfree kickstarted its journey in 2015 as a solution for restaurants in Bangalore that needed an efficient way for their delivery personnel to collect […]

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Domains

Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

November 23 2020

• in
• Remote Commerce

“Wish’s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020. As going to stores became more risky over time, many shoppers turned to buying more goods from the internet, bolstering e-commerce players like Shopify and […]

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Domains

Chinese shoppers are willing to spend more money, says CEO of Alibaba’s InTime department store chain

November 18 2020

• in
• China
• Remote Commerce

“In the aftermath of the coronavirus pandemic, China’s consumers are spending less time on the shopping process — but they’re spending more money than before, according to a CEO of an Alibaba -owned company. Chinese shoppers are particularly willing to pay a lot of money on luxury goods and cosmetics, Chen Xiaodong, CEO of InTime, […]

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Companies

A Little-Known Payments Provider Grows Into One of Europe’s Most Valuable Finance Firms

November 16 2020

• in
• Adyen
• Remote Commerce

“Few companies have benefited more from the e-commerce shopping boom sparked by the pandemic than Dutch payments firm Adyen NV. The best-performing large stock in Europe this year, Adyen is up almost 120%, vaulting its market value to nearly $60 billion, bigger than some of the region’s top banks, including Swiss giant UBS Group AG. […]

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Domains

Amazon Lures Food-Stamp Shoppers as Online Buying Surges 50-Fold

November 12 2020

• in
• Government Payments
• Remote Commerce

“Babcock is among one million-plus U.S. households now using government benefits each month to buy groceries online. Their numbers spiked 50-fold this year after the spread of Covid-19 prompted the U.S. Department of Agriculture to make it easier for food-stamp recipients to shop on the web. While the USDA declined to provide an industry breakdown […]

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Deals

Foley SPAC Said to Be in Merger Talks With Paysafe

November 9 2020

• in
• Remote Commerce

“A blank-check firm led by billionaire Bill Foley is in talks to merge with Paysafe Group Ltd. , an online payments firm backed by Blackstone Group Inc. and CVC Capital Partners, according to people with knowledge of the matter.”

On The Wires

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Companies

Payoneer Launches Payment Orchestration to Supercharge Global Payment Strategies for e-Commerce Merchants in North America

November 23 2020

• in
• Payoneer
• Remote Commerce

“Payoneer, the digital payment platform empowering businesses around the world to grow globally, today announced that its new payment orchestration platform is available for e-Commerce merchants in North America that are looking to accept international payments. Following its acquisition of optile, Payoneer has now integrated its offering into its core platform and broadened its potential […]

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Companies

A World of Opportunity: Shopify Launches Partnership with Alipay to Help Merchants Access New Global Consumers

November 17 2020

• in
• Alipay
• Remote Commerce

“Today, we’re announcing a partnership with Alipay, Asia’s leading digital wallet platform, unlocking the power of cross-border commerce for Shopify’s merchants. The new payment gateway will allow Shopify merchants to seamlessly accept payments through Alipay from more than one billion annual active users in China alone — and, in the future, hundreds of millions more […]

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Domains

PAAY and Bluefin Join Forces to Dramatically Advance Remote Commerce Security

November 10 2020

• in
• 3D Secure
• Remote Commerce

“Bluefin, the leader in encryption and tokenization payment and data security, and PAAY, innovator in consumer authentication, announced today a new security solution set that eliminates the threat of hackers and online fraud, while providing regulatory compliance. The solution set combines 3DS, hardware-based encryption, and vaultless tokenization to provide merchants a liability shift, strong customer […]