Openpay shares drop first day on the ASX, While Latitude and Mastercard partner to create BNPL offering
Buy now pay later platform Openpay dropped 17 per cent on its first day listed on the ASX. According to the Sydney Morning Herald, the stock fell from the issue price of $1.60 to $1.35 half an hour after listing. It finished on Monday down 17.5 per cent at $1.32.
Consumers are constantly bombarded with products and deals through emails, push notifications and social media. This can be overwhelming, which is problematic for brands. A recent Magento study, Something for Something, Brand Utility: Listening To Customer Feedback, Responding With Better Experiences argued that to counteract this saturation brands should listen to customers
The holiday season is the optimal selling time for merchants — the season accounts for half of all annual sales and shopping events like Black Friday provide even more engagement opportunities. The Magento ebook, The Journey of a Gift, discusses how merchants need to consider all stages of a product’s journey to
November sales delivered strong growth for online retailers and payment providers, as consumers increasingly use their smartphones to shop. Following Black Friday Ruslan Kogan, CEO of Kogan said in 2019 shoppers spent $9.8 million in 24 hours on the site he founded, compared to $5.4 million in the previous year.
This week Australian retailers of all varieties are offering Black Friday discounts, but the growing popularity of the sale, which originated in the US, has created new competitive pressures for local retailers. The drive for these types of sale events came originally from the retailer according to David White, national
Global spending on digital commerce will reach $18.7 trillion by 2024, up from $11.2 trillion in 2019; an increase of 66 per cent over the five-year period, according to Juniper Research. The new research, Digital Commerce: Key Trends, Sectors & Forecasts 2019-2024, found the largest single digital commerce sector is
PayPal has acquired Honey, a shopping and rewards technology platform for US$4 billion. The deal is expected to close in the first quarter of 2020. The payments giant said the deal enhances its value proposition with an extensive set of consumer commerce capabilities. Honey was founded in 2012 and helps
The 7-Eleven chain of convenience stores is at the old-school-business end of the trust equation. But time and technology have changed all that – as did introducing $1 coffees. For 7-Eleven, which has traditionally been firmly a bricks and mortar, ‘your-local-deli-on-the-corner’, business, online consumerism is a disruption that has to
Google today announced it is making Youtube “more shoppable” with the introduction of advertisements to the video platform’s search results and home feed. Youtube search result ads will be based on users’ search terms. Google’s example is a user searching for a video review on Puma running shoes. The ad,
Alibaba’s revenue increased 40 per cent from the prior year to US$16.6 billion in its first quarterly earnings report since founder Jack Ma stepped down as executive chairman. Annual active consumers on its China retail marketplaces hit 693 million, a 19 million increase from the prior quarter. It’s mobile monthly