Alibaba Vows Historic Investment in Taobao App
The e-commerce division of Alibaba Group Holding Ltd. intends to direct huge investments to the development of its Taobao trading application.
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Citi Adds Installment Loans and Lines of Credit Options to Retail POS
Citi Retail Services is adding new point-of-sale (POS) lending capabilities to its built-in payment services.
Online Car Platforms Strive to Right-Size Inventory as eCommerce Volumes Plummet
Earnings reports indicate that the profitability of the largest players in the online car sales market is declining amid the actions of retailers to reduce inventory.
Robinhood CEO Says Every Company to Transition Into AI Company
The co-founder and chief executive officer of Robinhood Markets, Vlad Tenev, during the earnings report for the first quarter of 2023 to investors, said that over time, each company will be forced to integrate artificial intelligence-based tools into its business structure.
Wendy’s Taps Google Cloud to Trial AI Chatbot Drive-Thru Operator
Wendy’s FreshAI chatbot tool has the potential to transform Wendy’s drive-thru food ordering experience with Google Cloud’s generative AI and large language models (LLMs) technology
Walmart to Expand Capabilities of Digital Wallet in Mexico
The media reports that the Walmart division (Walmex), which operates in Mexico and Central America, intends to expand the capabilities of the digital wallet provided to customers.
Amazon Pays Customers for Pickup to Cut Delivery Costs
Amazon offers its customers a reward of $ 10 for the pickup of purchased goods.
EPI CEO Says Europe Ready for One Digital Wallet
Martina Weimert, CEO of the European Payments Initiative (EPI), stated the need for a pan-European solution to further enhance the development of real-time payments.
Shopify Cuts 20% of Staff
Shopify announced its intention to lay off more than 2 thousand employees as part of efforts aimed at intensifying activities in the field of e-commerce.
TikTok Upgrades Pulse With Premium Ad Options
First unveiled a year ago, the TikTok Pulse advertising option gets a new upgrade giving advertisers a chance to put their branded videos next to “premium publisher content”
Mastercard Digital Doors Program Launches to Help SMBs Enhance Digital Marketing
New partnerships within the Mastercard Digital Doors Program will enable small businesses to enhance their digital marketing and analytics processes, as well as optimize payments and business operations
Mozilla Buys Startup Fakespot
Mozilla on Tuesday, May 2, announced the acquisition of the startup Fakespot.
HumanForest Raises $15 Million to Grow UK eBike Business
The British micro-mobility company HumanForest announced that it managed to attract investment funds in the amount of $ 15 million for the development of e-bike technology.
Armenian Ardshinbank Enables Merchants to Accept Payments on Android Devices
DigiPOS solution from Ardshinbank supports payments via contactless credit and debit cards as well as mobile wallets such as Apple Pay and Google Pay
Klarna Uses AI to Personalize Shopping Feed
Klarna revamps its app with Tik-Tok-like AI-driven feed, a free shopping assistant and new solutions for stores and content creators
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