Ecommerce

A new platform called Covid-19 Commerce Insight (ccinsight) has launched to measure consumer expenditure online at both a global and regional level in multiple industry sectors on a daily basis. The platform is currently powered by anonymous data and technology from the leading customer engagement platform Emarsys and leading data analytics

The jobs of 140 staff employed at Cooma-based retailer Birdsnest are secure following the Australian government’s announcement that it will provide a wage subsidy to businesses that have lost at least 30 per cent of the revenue during the COVID-19 crisis.  113,000 businesses have already registered their interest in the

Online login and checkout company Fast has raised $30 million in a Series A funding round led by Stripe, with additional participation from Index Ventures and Susa Ventures.  Founded in 2019 by Australian entrepreneur Domm Holland, Fast will use the investment to accelerate the global rollout of Fast Checkout, its

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Total eRetail transaction values will reach $4.8 trillion by 2024, up from $3.3 trillion in 2020, according to a new report from Juniper Research. This growth will be driven by emerging markets, with China having 62 per cent value growth over the next 4 years. The research identified the Chinese

The financial turmoil caused by the unfolding COVID-19 pandemic has forced the ASX to delay the launch of its blockchain-based CHESS replacement, which had been scheduled to go live in April 2021.  The ASX announced yesterday it will conduct a formal consultation process in June to determine a new timetable

Emirates’ World Investments will invest A$433 million in neobank Xinja over the next 24 months, the companies announced today.  The massive capital injection is subject to relevant approvals and an initial A$160 million will be invested immediately. The remaining A$273 million available to be drawn down in multiple tranches as

Regional Australia Bank is the first Accredited Data Recipient of Australia’s Consumer Data Right (CDR), as open banking trials continue to progress towards the scheduled July launch. The ACCC, which is overseeing the testing, announced on Friday all participants have entered industry testing which began in September 2019. So far

The debate over the future of screen scraping in Australia is being complicated by the slow roll out of Australia’s open banking regime, a data sharing system which would make the practice obsolete. Screen scraping occurs when consumers provide their banking username and password to a third party, such as

Last year a handful of Australian neobanks launched within a few months of each other, taking advantage of regulatory changes from APRA that made acquiring a banking licence more accessible. So far the banks have passed significant milestones; 86 400 is offering home loans and an energy comparison service, and

As the number of confirmed cases of COVID-19 in Australia passed 200 on Sunday, Joanne Musgrave was busy checking every single order that shipped from her online store Shop Naturally met the newly imposed buying limits. Thinking ahead, she was also sourcing out-of-stock products and making sure they were reserved