Ecommerce

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Mobile Points of Sale (mPOS) transaction values will exceed $1.9 trillion by 2024, up from $850 billion in 2019, according to forecasts from Juniper Research. This growth will be driven by service adoption from new business users, including pop-up stores and street vendors, for whom the acceptance of card payments

November sales delivered strong growth for online retailers and payment providers, as consumers increasingly use their smartphones to shop. Following Black Friday Ruslan Kogan, CEO of Kogan said in 2019 shoppers spent $9.8 million in 24 hours on the site he founded, compared to $5.4 million in the previous year.

The value of global domestic money transfer transactions will exceed $3.5 trillion by 2024, up from $1.8 trillion in 2019, according to data from Juniper Research. The new research, Digital Domestic Mobile Transfer: Key Trends, Player Innovation & Market Forecasts 2019-2024, found that mobile transactions will drive growth; accounting for

The scheduled launch of Australia’s open banking regime is just two months away, however new research shows three-quarters of Australians haven’t heard of the incoming data portability scheme and half are concerned about the security of their data. Open Banking is a government and regulator-led scheme which mandates banks share

This week Australian retailers of all varieties are offering Black Friday discounts, but the growing popularity of the sale, which originated in the US, has created new competitive pressures for local retailers. The drive for these types of sale events came originally from the retailer according to David White, national

Global spending on digital commerce will reach $18.7 trillion by 2024, up from $11.2 trillion in 2019; an increase of 66 per cent over the five-year period, according to Juniper Research. The new research, Digital Commerce: Key Trends, Sectors & Forecasts 2019-2024, found the largest single digital commerce sector is

PayPal has acquired Honey, a shopping and rewards technology platform for US$4 billion. The deal is expected to close in the first quarter of 2020.  The payments giant said the deal enhances its value proposition with an extensive set of consumer commerce capabilities.  Honey was founded in 2012 and helps

Amazon Hub

Amazon parcels can be picked up from select CommBank branches, Stockland shopping centres and Victorian newsagents as part of a new click and collect partnership launched today.  The Seattle-based ecommerce giant has begun rolling out Amazon Hub in Australia, a new network of more than 100 parcel pickup points which

Decreasing footfall, rising rents, and conservative shoppers means retailers are less optimistic about the all-important Christmas trading period than 12 months ago, according to new research for Deloitte. In contrast, online sales are expected to grow as digital investments start to pay off, while the Amazon juggernaut continues to gather

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Australian fintech and innovative payment plan provider Payright announced its first international venture, extending its buy now, pay later service into New Zealand. Brands including Saladmaster, Amway and Nutrimetics already on the platform in Australia will offer Payright in New Zealand, along with a number of photography studios. Other Payright Australian