Ecommerce

Frollo, a financial management software company, is the first fintech and second company overall to receive accreditation as a data recipient in Australia’s upcoming Consumer Data Right system. On Friday the ACCC announced Frollo will join Regional Australia Bank as accredited data recipients in the data portability scheme set to

The Commonwealth Bank of Australia today announced it will provide customers with itemised digital receipts within its app for certain transactions through a partnership and investment in local fintech Slyp. All of the big four banks now have a stake in Slyp which will continue to operate independently. NAB has

Coles Group has taken another step in its ongoing digital transformation strategy, securing sites in Sydney and Melbourne for two high-tech Customer Fulfilment Centres (CFCs). In March 2019 Coles announced an exclusive services agreement with UK-based Ocado Group to bring the online grocery platform, automated single-pick fulfilment technology and home

Kmart Group has appointed a former Amazon VP to oversee its online retailer Catch, which the retail giant says is outperforming its expectations since acquiring it last year. Former Amazon Vice President Pete Sauerborn will next week begin as Catch managing director. Sauerborn has spent the last decade at the

online shopping ecommerce credit card shopping

The NAB Online Retail Sales Index recorded a large jump in online sales in March, up more than 20 per cent year-over-year.  The data, released yesterday, show six of the eight categories the Index tracks recorded sales growth in month-on-month terms.  In year-on-year terms, the growth in the NAB Online

Global retail sales in 2020 will decline by an average of 9.6 per cent globally, a loss of $2.1 trillion, due to the impact of the coronavirus, according to new analyst forecasts. Forrester also predicts that it will take four years for retailers to overtake pre-pandemic levels.  According to Forrester’s updated retail forecasts across North America, Asia,

It’s not just the regular online shoppers filling up their shopping charts from home. Ecommerce volumes are surging to record highs thanks to first-time shoppers, according to new data.  Store closures and stay-at-home orders have accelerated ecommerce adoption around the globe. According to data from Adobe, in the US ecommerce

Wechat

Chinese internet giant Tencent has acquired a 5 per cent stake in Australian buy now, pay later service Afterpay.  Announced on Friday, the deal will support Afterpay’s global growth strategy, following its expansion into the US and UK markets.  The stake was acquired from late March through April for around

Amazon today reported soaring sales as customers flocked to the ecommerce giant during the COVID-19 pandemic. First quarter results showed a 26 per cent lift in revenue, year-on-year, including US$10 billion from its market leading cloud computing division, AWS. Amazon owner Jeff Bezos pledged to spend all of the company’s

Chinese payment platform Alipay has launched a new Zero Contact initiative to support Australian hospitality businesses in adapting their operations during the COVID-19 pandemic to engage with more than 1.2 million Chinese Australians. The Zero Contact initiative draws on Alipay’s experience supporting hospitality businesses in China during their earlier COVID-19