Payments News » Remote Commerce

India’s Paytm Mall Looks to Deepen Partnerships in Fight with Flipkart, Amazon

August 30 2018

“Paytm Mall, the e-commerce venture backed by China’s Alibaba Group, is looking to deepen ties with regional retailers as well as partner with top online grocer BigBasket to compete with Walmart-controlled Flipkart and Amazon’s local unit, a company executive said.”

Companies

Walmart’s E-Commerce and Comparable Sales Jump in Q2

August 17 2018

“Walmart on Thursday posted a 40 percent rise in US e-commerce sales, higher than the 33 percent growth witnessed in the previous quarter, and its comparable sales grew the most in a decade, sending its shares up 9 percent in premarket trade.”

Domains

Cross-border ecommerce in China soared to USD 220 bln in 2017

August 6 2018

in
Remote Commerce

“67% of Chinese ecommerce consumers had a cross-border purchasing experience in 2017, up from 34% in 2016, according to a study by Westwin. The study uncovers the fact that China’s cross-border buyers ordered more than once per month from overseas while the rising demand for overseas items led the country to import USD 220.3 billion […]

Companies

The programmable point of sale

September 17 2018

“Stripe Terminal extends your online presence into the physical world. Enable in-person payments for any business model with pre-certified card readers, JavaScript and mobile SDKs, and cloud-based hardware management.”

Companies

Stripe built a payments powerhouse by focusing on e-commerce. Now it’s following its customers into bricks and mortar.

September 17 2018

“The San Francisco-based upstart, founded in 2010 by brothers Patrick and John Collison, is hoping to make a big splash into brick-and-mortar retail next and is unveiling a new product called Stripe Terminal that it believes will take it there. The new offering, fueled by the acquisition earlier this year of a software startup called Index, […]

Domains

How Robots and Drones Will Change Retail Forever

October 15 2018

“We are in the early days of what might be called the “physical cloud,” an e-commerce ecosystem that functions like the internet itself. Netflix caches the movies you stream at a data center physically close to you; Amazon is building warehouse after warehouse to store goods closer to consumers. And the storage systems at those […]

Domains

Flipkart, Amazon off the hook: No ecommerce policy for now, govt plans a set of tightened rules

October 17 2018

“The Indian government has decided to shelve its draft ecommerce policy for the time being and will instead put in place a set of rules arrived at in consultation with the country’s top two ecommerce companies, Flipkart and Amazon, according to two senior government officials.”

Domains

Using a selfie to verify your online card payment – the technology is here

September 17 2018

“Mastercard is hoping its Identity Check solution will become the technology of choice for banks looking to meet new requirements for verifying identities online as set out in the (Revised Payment Service Directive) (PSD2) legislation. The technology, which has been developed in part at the Mastercard Labs facility in Leopardstown, enables users to use biometric identifiers […]

Domains

451 Research’s Global Unified Commerce Forecast Uncovers Dramatic Shifts In Consumer Spending Patterns

September 13 2018

in
Remote Commerce

“451 Research, a leading technology research and advisory firm, today announced that, after two years of collecting data from payment networks, payment processors, financial institutions, digital wallet providers and retailers, it has launched its Global Unified Commerce Forecast. The premise of 451 Research’s Global Unified Commerce Forecast is to deliver a view into the evolution of […]

Domains

BlueSnap Expands Local Payment Processing Capabilities to the Australian Market

September 18 2018

“BlueSnap, an online payments technology company, announced today the addition of local payment processing to its All-in-One Payment Platform for B2C and B2B businesses with customers in Australia. With a single connection to the All-in-One Payment Platform, BlueSnap allows businesses to process payments domestically, avoid costly cross-border fees and gain better conversion rates for increased revenue. They […]