Shopee, an eCommerce firm owned by Singapore-based Sea, is expanding its presence in Latin America with the acquisition of the local credit arm of Brazilian FinTech company Blu. This strategic deal, which has received preliminary approval from Brazil’s antitrust regulator CADE, will enable Shopee to offer credit...
A false decline is a legitimate card transaction that is ultimately denied, either by a bank or a merchant because it is mistakenly considered a fraud attempt. The result is a consumer who abandons the shopping cart, which is finally translated into lost sales that...
Payments platform Airwallex has launched a partnership with eCommerce platform Woo. The collaboration makes Airwallex an official payment extension of Woo, letting the platform’s 3.5 million stores accept cross-border payments via cards, digital wallets and local payment methods within minutes, the companies said in Wednesday (Dec. 13) press release. “Cross-border...
Online marketplace eBay is rolling out a limited-time mobile consignment concierge that will promote the selling experience offered by the recently launched eBay consignment service. A branded bus called the Luxe Line will visit locations in Los Angeles and Las Vegas, offering people a physical place...
As grocers look to drive digital sales while protecting their margins, Ocado is reportedly adding more robotic arms in an effort to boost fulfillment efficiency. The United Kingdom-based, multinational grocery technology company is soon to increase the number of robotic arms at its Luton facility...
Online retail subscriptions have revolutionized the way consumers shop, providing convenience and personalized experiences that cater specifically to individual preferences and needs. This shift in shopping habits presents an opportunity for online merchants to capitalize on evolving consumer expectations by innovating with retail subscription offerings,...
Amazon is going to adjust its fulfillment fee structure to provide more transparency to sellers by creating separate fees for specific capabilities. Beginning Jan. 15, 2024, the company will specify different fees for sending products into its fulfillment network and for shipping products out of...
As Kroger continues to drive double-digit digital growth, the grocery giant is accepting a negative impact on profit margins for the time being, betting on its digital transformation to drive long-term loyalty and spending. In the grocer’s third-quarter fiscal 2023 earnings report released Thursday (Nov. 30), the...
In today’s digital-first economy, online shopping has become increasingly popular across various sectors. However, when it comes to online grocery shopping, there is a gender divide. The PYMNTS Intelligence study “ConnectedEconomy™ Monthly Report: The Gender Divide Edition” drew from a survey of more than 2,600...
