PYMNTS

SEPTEMBER 15, 2020

This growth has understandably made online shopping a high priority for retailers aiming to grab consumers’ attention, but it also means that eCommerce is becoming fiercely competitive. The following Deep Dive will explore why offering flexible payment methods such as installment payment plans can help smaller retailers stay in the game. .

eCommerce 53

eCommerce Retail Economics Leverage 53

PYMNTS

MAY 22, 2020

In today’s top news, China has opted not to set any economy growth forecast amid the uncertainty caused by the pandemic, and Dubai is creating a free trade zone for eCommerce. China Drops GDP Target Due To Economic Instability. Dubai Creating $870M Free Trading Zone For eCommerce. In 2019, China’s economy grew 6.1

eCommerce 52

eCommerce Forecasting Economics Currencies 52

PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. In fact, the 75 largest online retail marketplaces in the world were responsible for nearly half of all global eCommerce sales in 2017. that would surpass any thresholds for being exempted from economic nexus taxes.

Sales 51

Sales eCommerce Compliance Economics 51

CFO News

FEBRUARY 27, 2024

India is Ikea's top investment priority market due to its economic growth and development. The company plans to tap into the growing furniture market, expand its ecommerce services, and open more stores. Ikea is in dialogue with the Indian government to set quality standards for its products.

Investments 52

Investments Marketing eCommerce Economics 52

PYMNTS

OCTOBER 28, 2016

India may hurdle the United States as the world’s second-biggest eCommerce market over the next two decades, research from Worldpay estimates. At the same time, as India sees wages growing and younger people gaining economic traction, internet usage will grow, too, to 730 million from 250 million at present.

eCommerce 69

eCommerce Economics Retail Marketing 69

PYMNTS

FEBRUARY 6, 2019

Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25 The company, which went public six months ago and raised $1.6

eCommerce 53

eCommerce Profit and Loss Securities Entertainment 53

PYMNTS

NOVEMBER 16, 2020

US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. DoorDash IPO Filing Shows Expansion Plans Beyond Food. The all-cash deal gives PNC the U.S. unit of Spain-headquartered BBVA. The new combined bank will be the fifth-largest retail bank in the country.

Forecasting 57

Forecasting Economics Education Accounting 57

PYMNTS

OCTOBER 5, 2020

Combine the absence of physical retail for luxury goods with the sweeping job loss and economic destruction left in COVID’s wake, and luxury has landed in hot water for the moment. Some luxury retailers are combating this by turning to installment payment plans, which enable merchants to more flexibly accommodate consumers’ purchases.”.

Planning 40

Planning Retail eCommerce Economics 40

PYMNTS

SEPTEMBER 5, 2018

B2B eCommerce platform Udaan has caught the attention of investors to the tune of $225 million , marking what reports on Tuesday (Sept. According to The Economic Times , Udaan hit the $1 billion valuation mark after 26 months. 4) said is now the fastest-growing unicorn startup in India. Both are existing investors of the company.

B2B 40

B2B eCommerce Valuation B2C 40

PYMNTS

JANUARY 25, 2019

More than 70 nations are planning to restart World Trade Organization talks in an effort to create a standard set of rules to govern the sharing of eCommerce and cross-border data. So far, China has not signed on to the statement, which is expected to be announced at the World Economic Forum in Davos, Switzerland. “We

eCommerce 46

eCommerce Economics Planning Marketing 46

PYMNTS

JUNE 18, 2020

Consumers want to invest in high-end items and home improvement projects to enhance their surroundings even amid economic concerns. 15,000: Minimum count of merchants or brands that are offering or plan to offer BNPL. This desire has led to increasing interest in buy now, pay later (BNPL) options for shoppers and merchants.

Retail 52

Retail eCommerce Economics Sales 52

PYMNTS

SEPTEMBER 3, 2019

Even with a shift toward eCommerce sales, LEGO plans to bring 35 additional stores to China by the close of 2019. The expansion for LEGO in China, however, reportedly comes as the country is facing the worst slowdown in economic growth in 28 years.

Planning 53

Planning Currencies Sales eCommerce 53

PYMNTS

JULY 27, 2020

The pandemic-related economic downturn is making consumers wary of payment methods that can worsen their debts. consumers have experienced stress about purchasing expensive items, yet 85 percent are interested in interest-free BNPL plans at their preferred retailers. Payment plans are commonly used in the U.K.

eCommerce 58

eCommerce Retail Economics Sales 58

PYMNTS

NOVEMBER 10, 2020

During this period of economic recession and job loss, reopening and reinvention, with new infection hotspots popping up weekly, starting a new business sounds somewhere between slightly iffy and totally bonkers. Each has a slightly different take on new retail and ecommerce shopping and payments experiences.

Planning 90

Planning Startups Budgeting B2B 90

PYMNTS

AUGUST 6, 2018

But supermarkets face a dilemma: How to fill all of those eCommerce orders? Jose Vicente Aguerrevere, Takeoff Technologies co-founder, chairman and CEO, said the system comes as customers are seeking a more economical way to buy groceries online.

eCommerce 40

eCommerce Technology Retail Economics 40

PYMNTS

NOVEMBER 2, 2020

Europe Plans To Publish Digital Services Act, Digital Markets Act Drafts. In just a few weeks, we plan to publish two draft laws that will help to create a more trustworthy digital world,” Vestager said. “In Regulation. The Digital Markets Act is a second set of regulations. The committee voted 12-10 Friday (Oct. and Facebook Inc.

Planning 85

Planning Compliance Nonprofit Economics 85

PYMNTS

FEBRUARY 7, 2020

In today’s top payments news, Uber reported positive fourth quarter earnings, NYSE owner International Exchange said it will not pursue plans to buy eBay and Afterpay pushed back against RBA’s potential regulation of “tap and go” fees. NYSE Owner Abandons Plans To Buy eBay. Afterpay Pushes Back Against Australia’s Fee Regulation.

Planning 52

Planning Sales Profit and Loss eCommerce 52

PYMNTS

AUGUST 5, 2020

eBay is teaming up with LendingPoint to give the eCommerce giant’s U.S. The program, launched during the global COVID-19 economic downturn, will provide “eligible sellers with a fast, flexible and transparent funding experience.”. sellers access to funding to help them build up and sustain their businesses. billion.

Finance 93

Finance eCommerce Economics Planning 93

PYMNTS

MARCH 21, 2016

Indian payments startup Paytm has hired Alibaba’s head of wholesale business to steer its growth and build a stronger collaboration with the Chinese eCommerce giant. As part of its expansion strategy, the Noida, India-based company also announced its plan to increase its marketplace seller base from 100,000 to over 500,000.

eCommerce 40

eCommerce Communication Leverage Startups 40

PYMNTS

SEPTEMBER 18, 2020

Deloitte also forecasts the digital shift, saying eCommerce sales will grow 25 percent to 35 percent over 2019 levels, compared to a 14.7 And eCommerce holiday sales will come in between $182 billion and $196 billion this season, according to Deloitte. economic forecaster. “E-commerce That translates to sales between $1.14

Forecasting 91

Forecasting Economics Retail Advertising 91

PYMNTS

OCTOBER 19, 2020

Keijzer serves as the state secretary for economic affairs and climate policy for the Netherlands, while O is the secretary of digital transition and electronic communications for France. France Will Proceed With Controversial Digital Services Tax Plan. EU Watchdogs Create ‘Big Tech Hit List’. OECD’s Tax Reform To Be Presented To G20.

Tax Planning 57

Tax Planning Compliance Planning Economics 57

PYMNTS

NOVEMBER 21, 2019

Walmart will expand aggressively in China , with a plan to add 500 new locations in the country over the next half decade or so, according to a report by CNN. The news comes as China is in the midst of an economic slowdown and a protracted trade war with the U.S.

Strategic Planning 60

Strategic Planning eCommerce Economics Sales 60

PYMNTS

NOVEMBER 17, 2020

And while that will probably remain the case for the foreseeable future, Maria Prados , vice president of global eCommerce at Worldpay , tells PYMNTS that the shift to automated, paperless and secure B2B transactions is on the move. B2B historically has been pretty behind, especially around payments,” Prados said. “The Social Commerce.

B2B 108

B2B Invoicing eCommerce Securities 108

PYMNTS

APRIL 29, 2016

According to WSJ, UPS has invested in software to help it plan more efficient delivery routes, added package pickup locations to allow it to pool more deliveries and picked up more of what it refers to as last-mile deliveries, which used to be primarily handled by the U.S. Treasury Department regarding cuts to pension plans made back in 2007.

eCommerce 40

eCommerce Treasury Investments Economics 40

PYMNTS

JULY 17, 2020

Postal Service might be about to make eCommerce shipping woes even worse. According to several sources including the EcommerceBytes blog, the USPS is developing a new business plan focused on cost cutting and economic efficiency, and cuts are rumored that could delay mail and package delivery. The beleaguered U.S.

Prioritization 78

Prioritization eCommerce Communication Planning 78

PYMNTS

JULY 7, 2020

Now, with the pandemic still surging, Walmart hopes to capitalize on the new need for eCommerce sales. While the pandemic boosted Walmart’s sales, its eCommerce department is still only around an eighth of Amazon’s. Amazon is valued at $1.5 trillion compared to Walmart’s $337 billion, Vox writes.

Entertainment 76

Entertainment eCommerce Retail Economics 76

PYMNTS

JUNE 18, 2020

The eCommerce leader said it expects to create tens of thousands of part-time opportunities in the Amazon Flex communities. Amazon Flex partners enjoy the part-time opportunity to earn more, especially at this time when the country is economically recovering from the impact of the nationwide lockdown.”.

eCommerce 63

eCommerce Transportation Economics Investments 63

PYMNTS

SEPTEMBER 9, 2020

Just as the pandemic has accelerated the adoption of new eCommerce technologies, it might also hasten the demise of Black Friday as we’ve known it. When anything is “years ahead of plan,” it’s worth looking at more closely. In this case, the driving force is retailers’ prediction of surging eCommerce demand as 2020 closes out.

eCommerce 76

eCommerce Retail Sales Leverage 76

PYMNTS

JULY 2, 2020

She said there could be more cuts coming due to adverse economic conditions. “We The company, facing the common struggles of many old brick-and-mortar retailers such as eCommerce competition, was crippled by the pandemic. Meanwhile, Golds Gym filed for Chapter 11 in early May, amid a plan to shutter 32 locations.

Restructuring 88

Restructuring Retail Communication eCommerce 88

PYMNTS

MAY 21, 2020

For example, Walmart recently reported that eCommerce sales increased 74 percent year on year in the first quarter , while Target saw eCommerce sales soar 141 percent during the same time period. According to our latest polling, 31.1 Another 30.3 Another 32.7

eCommerce 68

eCommerce Retail Economics Planning 68

PYMNTS

DECEMBER 18, 2020

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We but the company has plans to expand across the globe. We only recently became profitable and have experienced net losses. Poshmark reports that it has transacted $1.1

Profit and Loss 82

Profit and Loss Startups eCommerce Economics 82

PYMNTS

JULY 10, 2020

AliExpress Russia , the eCommerce venture between the Alibaba Group Holding Ltd., Moscow’s Higher School of Economics estimated the volume of goods shipped to Russians from abroad was worth $6.5 AliExpress is one of the most downloaded eCommerce apps around the world, and it aims to serve international buyers mainly.

eCommerce 56

eCommerce Economics Retail Planning 56

PYMNTS

AUGUST 16, 2020

Some of the aid afforded to SMBs involves securing funding, budgeting, drawing in new customers, working with finances, enacting eCommerce and managing reputation. In addition, Visa and Plastiq plan to launch a new campaign focused on digital means to educate companies on how to pay bills online, according to the release.

Education 93

Education Budgeting eCommerce Economics 93

PYMNTS

AUGUST 21, 2020

Michael Jaffé, the court-appointed insolvency administrator, said an agreement has been reached to sell Wirecard’s Brazilian business to Sao Paulo-based PagSeguro Digital, one of the nation’s largest mobile payment-based eCommerce companies. “It the London-based banking and compliance platform backed by Visa , the administrator said.

Compliance 88

Compliance Sales eCommerce Economics 88

PYMNTS

OCTOBER 8, 2020

PYMNTS found that close to 77 percent of those shopping less in physical stores plan to do so at least "somewhat less often" than before, per the report. Keep One Eye Open With eCommerce. San Francisco-based Samovar Tea Company is doing this by adding digital engagement, like virtual tea rituals, to sweeten the eCommerce appeal.

Healthcare 116

Healthcare eCommerce Numbers Economics 116

PYMNTS

MARCH 30, 2020

Even eCommerce sales have slowed to a below-average pace. Another survey released this week — this one of purchasing managers from the services sector — showed a rapid global slowdown, with the main economic index for Britain tumbling to its lowest since 1998, as reported by Reuters. The results of its survey suggest that U.K.

Retail 56

Retail eCommerce Sales Budgeting 56

PYMNTS

DECEMBER 2, 2020

The pandemic has triggered a massive surge in eCommerce businesses looking to expand internationally. eCommerce firms with global ambitions often choose to enlist third-party help to facilitate the cross-border payments that can fuel their growth. Small Businesses Venture Into The Global eCommerce Space.

B2B 69

B2B eCommerce Reconciliations Invoicing 69