As grocers compete for consumers’ loyalty amid inflation, Walmart is reportedly absorbing price increases while its competitors pass them on to consumers. According to Reuters, analytics firm Dataweave looked at nearly 600 products from national brands across grocery categories, noting that, between January 2022 and...
Standard Chartered and Tazapay are now facilitating B2B cross-border payments for eCommerce merchants and marketplaces. The companies’ expanded partnership brings together Standard Chartered’s capabilities as an international banking group and Tazapay’s global payments platform, the companies said in a Monday (May 8) press release. “Tazapay...
The Swiss watch industry is reportedly dealing with competition from smartwatches by raising prices. The industry earned more than ever before in 2022 by raising prices on its best watches, Bloomberg reported Thursday (May 4), citing a report by Morgan Stanley. Morgan Stanley did not...
The word is that Macy’s is exiting the dying mall and making its foray into strip malls, as it views these type of physical retail opportunities to be more lucrative. However, the move isn’t just about entering a new retail landscape. The company is also...
From luxury fashion to tequila, Shopify remains a popular choice among celebrities for launching brands. During the first quarter of 2023, Mary-Kate and Ashley Olsen’s luxury fashion brand, The Row, John Legend’s Loved01, and Kendall Jenner’s tequila brand 818, all opted to launch on the...
April layoffs in the retail space led all other industries, jumping 270% from March. That’s according to a report from employment service Challenger, Gray & Christmas (CGC), which also found retailers cut 14,689 positions in April and 36,115 this year, an 843% increase over the...
Worried about cybersecurity, five European tech CEOs are seeking changes to the proposed Data Act. “Such a monumental change to established ways of doing business without proper consideration is a huge risk both to cybersecurity and to the competitiveness of some of Europe’s most successful...
Introduction: Cross-border eCommerce involves millions of transactions spanning multiple markets, acquirers and issuers, which combined together can significantly increase the occurrence of failed transactions. That, in addition to local payment preferences and varying regulatory landscapes from one market to another can create numerous points of...
A one-stop payment portal is a single-user interface through which consumers can pay several or all their bills. The trouble is that some consumers hesitate to use payment portals, chiefly because they have security concerns. This is an area that more providers should be upgrading...
