Mastercard and eCommerce enabler Bosta are partnering to support small- to medium-sized businesses (SMBs) in Egypt by introducing a dedicated discount program for Mastercard Business cardholders. The program will provide these SMBs with access to preferential benefits across Bosta’s logistics services, the companies said in...
Bankrupt department store company Saks Global is ending its eCommerce partnership with Amazon. That’s according to a Friday (Jan. 30) report from Reuters, which noted that the arrangement between the two companies had already been strained when Saks filed for bankruptcy last month, even though...
Online shopping is growing 1.5 times faster in Latin America than it is in the rest of the world, Reuters reported Tuesday (Jan. 27), citing data from consulting firm Endeavor and eCommerce firm MercadoLibre. The region’s eCommerce is expected to reach $215.31 billion this year,...
Saks Global’s eCommerce unit, Saks OFF 5th Digital, gained a court’s permission to hire a liquidator and sell its inventory amid its bankruptcy, Bloomberg reported Friday (Jan. 23). The unit is being run by independent managers, and the court’s decision does not affect Saks Global’s brick-and-mortar stores, according to...
When Shopify enables sales through artificial intelligence (AI) chatbots later this month, the merchants using its platform will pay OpenAI a 4% fee on sales made through the ChatGPT checkout, on top of the fees charged by Shopify, The Information reported Wednesday, citing a Shopify spokesperson. Sales made...
Returns management provider ReturnPro has launched its Returns Portal App on the Shopify App Store. “Unlike traditional returns apps that stop at customer initiation, ReturnPro’s solution addresses the critical question most platforms leave unanswered: what happens next?” the company said in a Monday (Jan. 5) news release. As eCommerce...
China’s government is reportedly seeing increased tax revenue from online vendors. That’s according to a report Sunday (Jan. 4) by the Financial Times (FT), which also noted the pressure the country’s new tax is placing on merchants. Following the adoption of a new law last...
Walmart is reportedly gaining a growing amount of online business in New York City. The retailer is making these gains even as it has been blocked from building physical stores in the city due to opposition from labor unions and activists, the Financial Times reported...
Consumers continue to spend more on their debit cards, although the rate of growth has slowed. Total debit card transaction volume and value both grew at an average rate of 4.6% per year from 2021 to 2023, the Federal Reserve Board said in its latest...