ecommerce

eCommerce (also known as electronic commerce) is a process of buying and selling of products or services, making money transfers, and transferring data over an electronic medium (Internet). This network allows people to do business with no barrier of distance and time.

Chinese Livestream Festival Breaks Records

Chinese Livestream Festival Breaks Records
Chinese Livestream Festival Breaks Records
July 13, 2020  |  Retail

As the U.S. prepares for its immersion in livestreaming, new data from China shows that the mid-year 618 shopping festival broke records for revenue and...

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Buy Now, Pay Later Targets Trade Finance Deserts
Buy Now, Pay Later Targets Trade Finance Deserts
July 13, 2020  |  B2B Payments

The global trade finance gap now stands at an estimated $1.5 trillion, the Asian Development Bank has calculated, but banks and FinTechs have risen to...

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How To Drive Success In A Digital 3.0 World
How To Drive Success In A Digital 3.0 World
July 13, 2020  |  Payments Innovation

In 1946, the then-61 members of the World Health Organization (WHO) saw the need for a consistent yet comprehensive definition of “health.” They felt strongly...

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This Week In Payments: Retail’s Digital Shift, Uber To Buy Postmates, The Digital Yuan Advances
This Week In Payments: Retail’s Digital Shift, Uber To Buy Postmates, The Digital Yuan Advances
July 10, 2020  |  News

There was no shortage of news in payments and commerce this week, but perhaps the biggest news that didn’t make a headline was that this...

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Amazon Retracts Request For Employees To Remove TikTok From Phones
Amazon Retracts Request For Employees To Remove TikTok From Phones
July 10, 2020  |  Amazon Technology

After asking employees to remove the TikTok app from their phones Friday morning (July 10), Amazon later said it sent the staff memo in error, The Wall...

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Amazon Introduces Bigger Trucks For Pandemic-Era Deliveries
Amazon Introduces Bigger Trucks For Pandemic-Era Deliveries
July 10, 2020  |  Amazon Delivery

Amazon has launched a new style of truck that is bigger and boxier, similar to those used by competitors at the United Parcel Service (UPS),...

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What Digital 3.0 ‘Convenience Shifters’ Want From Merchants
What Digital 3.0 ‘Convenience Shifters’ Want From Merchants
July 10, 2020  |  Coronavirus

Shapeshifting is rarely convenient (ask any werewolf), but in the case of a newly-minted persona that PYMNTS calls the “convenience shifter” some COVID-era behavioral changes...

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AliExpress Russia’s CEO: We’ll Make $10B In Annual Revenues By 2022-2023  
AliExpress Russia’s CEO: We’ll Make $10B In Annual Revenues By 2022-2023  
July 10, 2020  |  eCommerce

AliExpress Russia, the eCommerce venture between the Alibaba Group Holding Ltd., China’s global technology company specializing in online retail, and its Russian partners have set...

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Department Store Redux? Scenario Planning For The DTC Business
Department Store Redux? Scenario Planning For The DTC Business
July 10, 2020  |  Retail

The direct-to-consumer (D2C) business has been remade by COVID-19. Anytime a startup like Scalefast can take $22 million off the venture capital table in the...

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