(source: en.wikipedia.org)
U.K.-based FinTech SumUp, which helps small to medium-size businesses (SMBs) take card payments, has acquired Shoplo, a multichannel eCommerce platform. The move was a bid to expand its reach and to provide its merchants entry into different online marketplaces like eBay, Etsy and Facebook, according...
A former Snap executive is planning to take on Amazon with the launch of a new eCommerce platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Shopping is a social experience in more ways than one. Consumers are busy, attached to their smartphones and used to scrolling past thousands of product images per day. They’re using social apps like Instagram to make purchases right from their feed instead of heading to...
Among the hottest battles for eCommerce market share involves private label products, with a recent move from Walmart among the latest developments in that particular arena. But the growing use of those brands to attract sales is also leading to more focus on potential challenges...
Zoovu, a company that provides artificial intelligence (AI)-powered digital assistants in a software-as-a-service suite for brands, has raised $14 million in a series B financing round, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Amazon sold its stake in Cloudtail, an Indian online retailer, to comply with new eCommerce rules in the country. According to a report in Bloomberg, Amazon put together a quick deal to sell the stake so that Cloudtail could resume selling products on its platform....
Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Snap Inc. saw its stock price leap skyward 21 percent after it announced earnings yesterday (Feb. 5) that beat expert predictions across the board. Snap is still reporting losses, but they were narrower than expected during the December quarter — and it seems the social...
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