Ecommerce

NAB Alipay

Overall transaction volume on Alipay increased 25 per cent in Australia during Golden Week – a week-long national holiday in China – compared to last year’s corresponding week. The growth was riven by strong growth in the luxury retail sector, and solid performances by airport and duty-free stores, pharmacies, and

The total transaction value of the MFS (Mobile Financial Services) market will exceed $1 trillion by 2024; rising from $580 billion in 2019. This is a growth of 70 per cent. The figures are contained in a new study from Juniper Research. The research identified a range of untapped opportunities

Uber Technologies announced an agreement to acquire majority ownership of Cornershop, an online grocery provider in Chile, Mexico, and more recently in Peru and Toronto. The investment is expected to close in early 2020, subject to regulatory approval. Sign up for Which-50’s Irregular Insights newsletter “Whether it’s getting a ride,

Bunnings Warehouse

Bunnings plans to launch an online marketplace, called MarketLink, as the home improvement retailer expands its digital offering.  The retailer has been a latecomer to ecommerce, with Bunnings’ Managing Director, Mike Schneider saying earlier this year the business has been building its digital capability “which is less about selling products

TransferWise & Up

International money transfer service TransferWise has launched TransferWise for Banks in Australia, allowing banks, credit unions and other financial institutions to integrate TransferWise’s API directly into their own infrastructure.  The first bank it is partnering with is Up, a neobank launched 12 months ago which operates under Bendigo and Adelaide

E-mail Marketing

Campaign Monitor has acquired ecommerce marketing platform Conversio which will form the basis of its new product offering designed for smaller retailers.  The company, which was originally founded in Australia, signalled earlier this year it was on the hunt for acquisitions which would help it expand into new verticals and

Chemist Warehouse has renewed its strategic collaboration with Alibaba Group’s cross-border business-to-consumer marketplace Tmall Global for an additional two years. The Australian retailer expects to significantly broaden its presence within the Alibaba ecosystem through this strategic partnership with Tmall Global to grow its market share across both China and Southeast

Open banking start-up Basiq has concluded its Series A funding, securing investment from Salesforce Ventures, NAB Ventures and Westpac’s Reinventure.   The fintech platform provides access and insights into financial data that it says enables organisations to take advantage of open banking via a consent-driven model that can obtain customer

online shopping ecommerce credit card shopping

Australian consumers do significantly less of their shopping online compared to the rest of APAC, according to new marketing research from Rakuten. The Japanese ecommerce giant claims high shipping costs and problems returning items are making Australians hesitate at the online checkout. Rakuten’s APAC State of e-Commerce report looks at

NAB announced it would finance a new $57 million securitisation warehouse trust established by Symple Loans, an innovative marketplace lender that offers Australian consumers lower interest rate personal loans via its digital lending technology platform. Symple Loans is the first new-to-bank customer to benefit from NAB’s commitment in July to