Facebook has 1.35 billion users and is responsible for $227 billion in global economic impact and 4.5 million jobs, according to a report the social network commissioned from consulting firm Deloitte. That makes Facebook more populous than any actual nation than China, with roughly the...
India’s largest private-sector bank will now let its customers use Twitter for real-time fund transfers, the Times of India reported on Monday (Jan. 19). Mumbai-based ICICI Bank said it is the first bank in Asia and only the second in the world to offer a...
While retailers fight the crowded social media space to get their voice heard by consumers, a new report says social media is playing a larger role in retailers e-commerce strategies. Data from Internet Retailer’s newly released 2015 Social Media 500 shows that total social commerce sales...
China continues to send mixed signals to foreign-owned companies who want to do business in the world’s largest consumer market. On Tuesday (Jan. 13) China’s Ministry of Industry and Information Technology announced that it will now allow wholly-foreign-owned companies to operate in the Shanghai Free Trade...
Philadelphia startup SpotItBuyIt is trying to help its clients turn Instagram accounts into mobile e-commerce engines, the Philadelphia Daily News reported. The startup’s co-founders had been working with small retailers and “kept hearing the word Instagram, and they really wanted help on converting mobile traffic...
It seems that Amazon will be taking no break in their attempt to become the online “everything” business in 2015, and is now developing a “secret” inventor platform aimed at helping create (and eventually exclusively sell) the next generation of electronic hardware. The proof, according...
Users are frustrated with their mobile shopping experience this holiday season, and social commerce could be next year’s fastest rising star. Those are the key takeaways from several new research reports, according to Mobile Commerce Daily. A Mobiquity study found that 33 percent of consumers...
As we reflect back at the last 12 months in payments, it can be difficult to recall all of the innovations that have helped omnichannel move from buzzword to a merchant forefront strategy. And at the very center of that strategy is mobile — specifically,...
The official kick-off of the annual shopping season was a week ago and that can only mean one thing: the annual horse race for holiday retail hegemony is now underway. Everyone is hard charging for the December 24th finish line. However with all the retailers,...
