Ecommerce

In many regions around the world, open banking is still an emerging framework. However, it is just the beginning in a long phase of reinvention for the banking industry, according to Capgemini’s 2020 World FinTech Report. Released this week, the report advocates for greater collaboration between incumbents and fintechs and

Tmall Global announced it will expand its efforts to help international brands reach the China market, aiming to bring 1,000 new ones onto its ecommerce platform in the coming 12 months. The brand-incubation plan is under the auspices of the $200 billion, five-year-import program the Alibaba platform unveiled at the

Australians have been forced online by COVID-19, accelerating the pace of digital adoption across the sectors of the economy which are adjusting to a new way of doing business. This is part one in a series examining how Australia’s infrastructure is holding up under unprecedented — and unexpected — demand

Empty wallet

Global spending on digital commerce will fall by 14 per cent in 2020 as lockdowns and reductions in consumer spend are felt. Spending will fall from $11.2 trillion in 2019 to $9.7 trillion, according to a new study from Juniper Research. The new research, Digital Commerce Coronavirus Analysis: Impact Assessments

Australian fintech unicorn Airwallex today announced the close of its US$160 million Series D funding raise, including investment from the venture arms of ANZ bank and CRM giant Salesforce. Airwallex, a Melbourne-based fintech which allows companies to manage cross-border revenue and financing, says the new funds will be used to

Nearly 2 million Australians used a “buy now, pay later” product like Afterpay or ZipPay last year, according to research from Worldpay, which predicts the local market will double in the next three years. Buy now, pay later (BNPL) has grown from three per cent of all ecommerce payments in

Apparel and footwear retailers seeking digital business transformation and innovation must embrace the aftermath of COVID-19 as an opportunity to affect major changes in operating models and business processes that are long overdue. The apparel industry was struggling before COVID-19 to restructure their operating models and are now facing an

tap and go, payments, eftpos

Digital wallet users spent more than $1 billion on a record number of transactions in March as cash and physical contact were minimised in an attempt to stem the spread of COVID-19, according to data from the Commonwealth Bank. CBA’s monthly analysis of transactions from Apple Pay, Google Pay, Samsung

Online wine merchant The Wine Collective (TWC) has implemented Boomi Technologies to achieve a 360-degree view of its customers to help personalise their online shopping experience.  To get this 360-degree view of customers, TWC is leveraging data from multiple channels to enhance personalisation.  Webinar: The role of the CMO at

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