Russian users prefer installment plans for online shopping


Users will most often take online loans to pay for household goods, educational services, and appliances, a Yandex.Checkout study reveals. An average one-time loan taken by a Russian customer amounts to about USD 350 (26 thousand rubles) and has a term of up to 6 months. The study covers payments made using the installments service... Continue Reading →

Ecommerce platform AmeriCommerce launches new payment solution


AmeriCommerce, a US-based ecommerce platform, has announced the release of AmeriCommerce Payments for all of its merchants. The platform allows unlimited transactions and order volume regardless of plan level. With AmeriCommerce Payments, merchants can start accepting payments within minutes of signing up while having a complete view of all their transaction details in one place.... Continue Reading →

Startups mop up $7 bn from PEs, VCs in 2018


MUMBAI, Mar 8 (PTI) E-commerce and consumer Internet companies have raised over USD 7 billion in private equity and venture capital funds in 2018, says a report. Of the total investment, startups such as Oyo, Swiggy, Byjus, Paytm Mall, Pine Labs, Zomato, Udaan, Policybazaar and Curefit collectively raised the lions share of USD 4.6 billion in 2018, says an EY... Continue Reading →

Farfetch, JD.com expand ecommerce partnership


Farfetch and JD.com have announced the expansion of their partnership in order to provide the “Premier Luxury Gateway to China” for luxury brands. Under the agreement, Toplife will merge into Farfetch China while Farfetch will gain an entry point on the JD.com app, providing JD.com’s 300 million customers with access to more than 3,000 brands via... Continue Reading →

Payments technology startup Modo announces new product for merchants


Modo, a payments technology startup, has announced their /Checkout product, focused on streamlining the payment stack for ecommerce merchants. /Checkout increases basket size and the lifetime value of customers by expanding the number and type of payments options. Moreover, /Checkout enables merchants to see the total cost of payments on a transaction-by-transaction basis to facilitate... Continue Reading →

Office Depot, Alibaba to open co-branded online store


Office Depot and Alibaba have announced they are opening a co-branded online store to expand the reach of both companies with small and medium-sized businesses (SMEs). The two companies announced the agreement as part of a broader array of services they are providing to small business. Over time, the companies intend to help US-based small businesses sell their... Continue Reading →

March: ecommerce events in Europe


March 7-8: eTail Germany – Germany eTail Germany has a full agenda and over 400 attendees. There will be over 80 industry-leading speakers and more than 90 interactive sessions. More info – Visit the website March 12: OroVibe – France OroVibe France is a B2B ecommerce and CRM event for manufacturers, distributors, retailers and brands. More info – Visit... Continue Reading →

Shöpping.at is still in the red


In April 2017, Austrian Post started with its own online marketplace, called Shöpping.at. The idea was to launch a local alternative to major international marketplaces such as Amazon and eBay. Now there are about 500 vendors that sell their products on the online platform. According to Georg Pölzl, CEO of Österreichische Post, the portal receives a... Continue Reading →

Amazon India ties up with Kudumbashree


Kochi: Amazon India has signed an MoU with Kudumbashree, a poverty eradication and women empowerment programme implemented by Kerala government as part of its programme- Amazon Saheli. Through this partnership, Amazon India will support, train and empower women entrepreneurs associated with the organization and provide a marketplace for them to showcase their products to Amazon customers across the country. Kudumbashree is one of... Continue Reading →

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