Ecommerce

The enormous pressure on businesses in the logistics and supply chain sectors by this year’s exponential growth in delivery volumes, has exposed operational and workforce vulnerabilities, according to SAI Global. The global risk management provider warns continued growth – particularly with the new Regional Comprehensive Economic Partnership – will test

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New research from Mastercard suggests that when the COVID lockdown hit hard in the first half of 2020, Australia’s small business community was able to respond rapidly by shifting aggressively to a more digital footprint. According to figures released this week, 52 per cent of the businesses Mastercard surveyed accelerated

Beforepay, a financial service that lets consumers access part of their salary early, today announced it has raised  AU$9 million pre-IPO round led by Alium Capital. The investment brings Beforepay’s total venture backing to approximately AU$17 million. The company is considering an IPO later this year. The Beforepay app syncs

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Business payments fintech GoCardless has raised A$126 million in a Series F. Led by Bain Capital Ventures, the raise will be used to accelerate GoCardless’s open banking strategy, including card payment alternatives. GoCardless is a UK headquartered global payments network and technology platform company that provides recurring payments services, processing

Online payments

Regional Australia Bank announced it is the first non Big Four bank to meet compliance standards of Australia’s new open banking system following the integration and deployment of a Consumer Data Right solution from Biza.io. The bank integrated the cloud-based Platform as a Service provider’s solution in just three months.

Australian neobank Xinja will withdraw its transaction and savings products and return its banking licence, blaming the exit on COVID-19, difficulties raising capital and the outlook of the local market. Customers are being urged by the bank to withdraw or transfer their funds out of Xinja accounts “as soon as

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Australians did nearly a third of their retail shopping online in the last year, as the pandemic and subsequent lockdowns accelerated local ecommerce like never before. In the 12 months to September 2019 16.9 per cent of retail purchases occurred online, according to Roy Morgan. The online share nearly doubled

Online retailers need to improve their omnichannel marketing capabilities to capitalise on increased ecommerce revenues, which have been accelerated by Covid-19. That’s one of the key findings in a study by automation platform dotdigital, released today The annual report – called Hitting the Mark also found that digital retailers across

Shopify will participate in Victoria’s Small Business Digital Adaptation Program, a $20 million initiative by the state Government to help Victorian businesses thrive in a new digital economy. Under the scheme small businesses in Victoria are eligible for up to $1,200 in rebates for the adoption or upgrading of approved

A new report today from PayPal Australia says COVID-19 will create a dramatic shift to online shopping this Christmas including a desire to buy and support local, and more support for Christmas traditions, especially among the younger generations. PayPal’s research reveals the amount of online Christmas shopping in Australia is