According to estimates from Visa, Saudi Arabia had a 43 percent increase in e-commerce for the first quarter of 2014, as compared to the same period from 2013. The leading categories for spending were general department store and airline transactions. Travel agencies, financial services and...
L’Occitane International, a maker of high-end skin care products, is in final negotiations with Alibaba to open up a virtual storefront on it Tmall site. The French company is set to open for business on the world’s largest portal to consumers by the end of...
Priceline has moved to purchase OpenTableInc. for about $2.6 billion in cash. OpenTable allows diners to book meals by smartphone and charges restaurants fees for the patrons it books as well for monthly access fees to use its software. Priceline will pay $103 a share in a 46...
Some pretty big stuff got the payments industry talking this week. PayPal’s President moves to Facebook, World Cup revelers can’t get Brazilian currency and a mobile payments innovator claims HCE isn’t all that it’s cracked up to be. That was just Tuesday, Wednesday and Thursday!...
We might not be in a cashless society yet, but if recent data from Javelin Strategy & Research is any indication, cash is becoming less popular among consumers. According to the research, cash will lose nearly $100 billion in point-of-sale volume by 2019. Furthermore, cash...
Earlier this week Chick-fil-A announced that it recently launched a mobile app feature that lets its customers pay for food using their phones. The app is currently being piloted in an area of North Carolina referred to as the “Triad,” which consists of the towns...
Ton of apps help parents find babysitters. But one, called CluckCluck, allows parents to not only communicate with them but pay them as well. PYMNTS.com spoke recently with co-founder Heather Estenson Joyce to learn more on how this payments app can help cash-strapped parents strapped...
BlackBerry’s smartphone sales continue to show fewer and fewer signs of economic life and seems the company is now following the common advice it is being given. Get out of hardware and make the move to platform services. To that end, yesterday the Canadian company...
Wal-Mart recently announced that it expects its ecommerce revenues to increase to $13 billion this year from $10 billion in fiscal 2014. According to Forbes, while Wal-Mart’s comparable sales growth has been negative for the past five quarters, the retailer’s ecommerce growth has been more impressive....
