When a country suffers from its worst ever economic crisis, initiatives pour in to bring it out of the brinks of total collapse. Financial assistance, humanitarian aid, and increasing solidarity within the community are typical avenues to alleviate the significant sequels of the crisis. As Lebanon has been going through its darkest years, with an […]
e-commerce
Alphabet Inc’s Google is in talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC, two sources familiar with the matter told Reuters. India soft-launched its Open Network for Digital Commerce (ONDC) late last month as the government tries to end the dominance of U.S. companies Amazon.com and […]
A new study from Juniper Research has found that the volume of global eCommerce transactions made via OEM Pay will exceed 30.7 billion by 2026; rising from 6.1 billion in 2022. This outstanding growth of 403 percent will be driven by rapidly increasing customer demands of frictionless checkout experiences across multiple eCommerce channels. The new research, eCommerce Payments: […]
E-commerce sites operated by China’s Tencent Holdings Ltd and Alibaba Group Holding Ltd were included on the U.S. government’s latest “notorious markets” list, the U.S. Trade Representative’s office said on Thursday. The list identifies 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy. […]
Kenyan tech-led consumer credit platform, Lipa Later, announced plans to reach different frontiers by widening its horizon to reach new markets in Africa, and be endorsed by a $12 million pre-Series A funding. Steered by Cauris Finance, Lateral Frontiers VC – one of the platform’s first investors – and GreenHouse Capital, the equity and debt funding round was also […]
Almost a week from now, millions of online shoppers will flock to spend on the world’s biggest online shopping festival: Singles’ Day. According to a report by US-based consulting firm Bain & Company, online shoppers in China spent a whopping 410 billion yuan (US$60.4 billion) in 24 hours last year – double what Amazon generates […]
Small and medium-sized enterprises (SMEs) represent about 90% of businesses and more than 50% of employment worldwide, while formal SMEs contribute up to 40% of national income (GDP) in emerging economies. In developing markets, most formal jobs are generated by SMEs, which create 7 out of 10 jobs; an integral part of the job market, […]
Online shopping witnessed enormous growth in the first quarter of the year due to the pandemic. According to Statista, e-retail revenues are expected to increase to $6.5 Trillion in 2022. A report from Wunderman Thompson Commerce has revealed that Amazon’s share of the UK ecommerce market rose to 35% during lockdown, up from 30% at […]
A recent report from research company Juniper has found that online payment fraud will cost the E-commerce industry around US$25 billion within the next 5 years. The figure also takes into account the vast development and integration of anti-fraud technologies and systems like SCA (Strong/Secure Customer Authentication), which has been delayed across certain European countries […]