Credit and debit cards still dominate the eCommerce arena, yet alternative payment methods such as digital wallets and buy now, pay later (BNPL) plans have gained popularity as online payment options. Key reasons why include the ease and convenience they provide. As a result, most...
To improve customer satisfaction, revenue growth and competitiveness, payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces from the logistics and wholesale trade industry have set their sights on enhancing their embedding finance capabilities. More than half of PayFacs and marketplaces in this sector view...
When it comes to succeeding in eCommerce, conversion is king. Yet online merchants widely report having problems in delivering a high-quality checkout experience to their customers. In fact, more merchants encounter trouble in this area than in payment processing. This is a global problem. PYMNTS...
Stitch Fix, the online personal styling service, began its fiscal year 2025 with a clear vision to reinvigorate its business and return to growth by the end of FY 2026. Despite some challenges in its first-quarter financial performance, CEO Matt Baer said the company is making...
After three years of ownership, secondhand clothing marketplace ThredUp has sold Remix, its European reCommerce platform. The company announced the divestiture Tuesday (Dec. 3), the results of a management buyout led by Florin Filote, general manager of Remix. The deal sees ThredUp retaining a minority...
Shopify merchants saw their sales rise 24% and hit a record $11.5 billion during this year’s Black Friday-Cyber Monday weekend. More than 76 million customers around the world bought from brands using the Shopify eCommerce platform over the weekend, the company said in a Monday...
Embedded finance is no longer optional. As competition intensifies, firms that embrace these innovations will lead the way, while those that hesitate risk falling behind. From buy now, pay later (BNPL) to business credit cards, embedded finance offerings are reshaping how payment facilitators (PayFacs), independent...
Mobile shopping is reportedly gaining ground during this year’s holiday shopping season. The growth is being driven by the convenience provided by refinements retailers have made to the mobile shopping experience, Reuters reported Friday (Nov. 29). While consumers used to browse on their mobile phones but go to...
Shopify reportedly is targeting enterprises as it works to maintain the growth of its commerce platform. Long focused on helping small businesses set up their online shops, the company has launched a dedicated effort to add bigger companies like its existing clients Reebok, Overstock and Barnes & Noble,...
