Ecommerce

There’s a new ecommerce king in town. This week saw Amazon knocked off its perch as the number one downloaded ecommerce app. The challenger? International B2C fast fashion e-commerce platform, SHEIN. According to the latest Provider Ranking of Shopping Apps by PYMNTS.com, SHEIN has taken over the top spot for

Commonwealth Bank last week provided an update on its strategy and investments to reimagine products and services and build the best digital banking experiences, with CEO Matt Comyn saying “The shift to digital banking is accelerating and we are investing to remain at the forefront of innovation.” According to Comyn,

COVID-19 caused consumers to abandon cash during the pandemic, and most intend not going back, according to new data from the Commonwealth Bank. But perhaps more surprisingly, support for the BNPL model is tepid at best, with consumers preferring digital wallets and debit cards. Turns out consumers recognise another debt

Australian fintech startup Beforepay today announced that its co-founder, Tarek Ayoub, is stepping down as CEO, to be replaced by Jamie Twiss.  Twiss has worked as Chief Strategy Officer and Chief Data Officer at Westpac for more than five years, and prior to that was Managing Director, Americas, of First

Microsoft today announced a partnership with Buy Now Pay Later (BNPL) provider Zip Co, launching its pilot in the Australian market. Microsoft claims that the partnership is in response to changing habits for digital purchasing, with more than 35 per cent of Australian consumers using BNPL installment plans.  According to

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Unified commerce is levelling up from omnichannel, according to Adyen, the payments solution working to connect the backend systems of multiple payment channels.  Where omnichannel works to deliver cross-channel payments experiences to customers, Adyen says that backend systems are not always connected — which is where unified commerce steps in. 

Commonwealth Bank announced today that it has partnered with SaaS e-commerce platform BigCommerce to support merchants with their online businesses.  BigCommerce claims that it helps companies to capture market opportunities, generate “content-rich experiences” and connect backend systems and apps to help businesses to scale. According to James Fowle, Executive General

Customer experience startup Nicco and global technology giant IBM are launching a digital wallet with the Manly Sea Eagles NRL side, branded Manly Money. Fans of the Sea Eagles will be able to skip the queues at half time by ordering food, drinks and merchandise with Nicco’s digital wallet solution.

Global online resale marketplace StockX announced today that it has opened its first authentication centre in Melbourne.  StockX, with backing from rapper Eminem, model Karlie Kloss and actor Mark Wahlberg, was built on the idea of alternative asset classes, selling high-demand consumer goods through the model of a stock exchange.

Customer convenience retailer 7-Eleven will likely start to notice significant new benefits from the business’s digital transformation as the company enhances the capabilities on its core app, according to the executive leading the change. The group’s first foray into digital was a fuel lock app which proved surprisingly popular —