May 04, 2023
Shopify Cuts 20% of Staff After Sale of Logistics Unit
Shopify is letting go more than 2,000 workers amid a renewed focus on eCommerce. The company announced Thursday (May 4) that it was reducing the size of its operations by 20% as...
May 04, 2023
Qatar-Based Snoonu Raises $12 Million to Continue Building Super App
Qatar-based eCommerce startup Snoonu has raised $12 million in a Series B funding round. “A new milestone has been achieved in our unicorn journey,” Snoonu said when announcing the funding...
May 04, 2023
Kellogg and Kraft Heinz Use New Data Capabilities to Compete...
As major food brands face increased competition from private-label and discount products, they are leveraging consumer data to get highly targeted in their marketing, maintaining loyalty and reaching new customers....
May 04, 2023
Shopify’s Sale of Logistics Ops Signals Return to eCommerce as...
For Shopify, the shift is back to basics — a focus on eCommerce — and relying more fully on partners to get the goods to customers’ doorsteps. Shopify announced Thursday...
May 04, 2023
Report: Alibaba Considers Taking eCommerce Business Public
Alibaba is reportedly mulling a U.S. initial public offering (IPO) for its eCommerce unit. The Chinese tech giant is in the early stages of weighing the listing, Bloomberg reported Thursday...
May 04, 2023
Estée Lauder Lowers Outlook but Continues to Bet Big on...
Despite lowering its sales outlook for the third straight quarter due to a slower-than-expected recovery in Asia, cosmetics company Estée Lauder remains optimistic about the Chinese market. The company, which...
May 04, 2023
Europe’s 28 Million Small Businesses Get Ready for PayFac Version...
The European region, Lynsey Verrillo, Head of Enablers and Small Business at Visa, and Marc-Alexander Christ, SumUp co-founder, told Karen Webster, is home to 28 million smaller firms, which drive...
May 03, 2023
MercadoLibre Sees Growth in Commerce and Financial Services in Latin...
MercadoLibre says it’s taking advantage of growth opportunities in Latin America. The Latin American eCommerce giant saw its net revenues rise 58% year over year during the quarter ended March...
May 03, 2023
Convenience Drives Grocery Shopping Choices for 8 in 10 Consumers
As consumers weigh where to buy their groceries, ease and convenience are the top priorities. By the Numbers Research from PYMNTS’ study “Consumer Inflation Sentiment Report: Higher Prices Fuel a...
The U.S., U.K. and Europe are intensifying their efforts to develop and deploy the policies and infrastructure necessary to advance the use cases and real time payments volume of their domestic networks. This month’s “Real-Time Payments World Map,” a collaboration with The Clearing House, explores the progress and future developments of real-time payments across these regions.
Despite the tremendous growth in Click-and-Mortar™ shopping in Brazil over the last three years, the country’s retailers don’t offer 39% of the features that consumers want. PYMNTS Intelligence’s latest study, the “2024 Global Digital Shopping Index: Brazil Edition” commissioned by Visa Acceptance Solutions, draws on insights from 2,200 consumers and 622 merchants to reveal what Brazil’s merchants need to know to drive consumer satisfaction and loyalty.