EMEA Daily: Ikea Pushes Affordability as Inflation Looms

Today in Europe, the Middle East and Africa (EMEA) news, Ikea reaffirms its commitment to affordability, while Adyen announces the launch of its platform in Mexico.

Ikea Pushes Affordability as Inflation Looms

Swedish home furnishings company Ikea said retail sales have picked up over the past year as the world has reopened, but inflation has led to higher prices, and supply chain issues have made it difficult to put products on the shelves. Total Ikea retail sales rose 6.5% year over year during the year ended Aug. 31.

Adyen Launches Payment Platform in Mexico

Amsterdam-based FinTech company Adyen is launching its unified commerce solution in Mexico. The company said it has enabled full acquiring capabilities in Mexico, allowing it to offer the platform thanks to direct payment connections to local and global card and banking networks.

B2B Marketplaces Digitize Corporate Procurement, Tackle Africa’s Inefficient Supply Chains

Online marketplaces are among the defining features of contemporary eCommerce, which has been shaped by the likes of Amazon and eBay. But aside from general-purpose B2B eCommerce solutions, there are also platforms that cater to a specific market. These include the growing number of African marketplaces that have stepped up to meet the unique needs of the continent’s businesses.

Italian iGaming Firm Lottomatica Revamps With Nuvei for Digital Payments

Italian iGaming operator Lottomatica is re-platforming its digital services and partnering with payments technology firm Nuvei to deliver faster payouts to users. Using Nuvei’s integrated cashier technology and local acquiring solutions, Lottomatica is now offering its players a new payment experience that includes expanded deposits and withdrawals.