In today’s top news, Stripe will launch in the UAE, and Mastercard and b.well have teamed up to advance consumers’ digital identities in healthcare. Plus, 80,000 retailers could close by 2026.
Stripe Heads To Dubai For UAE Launch
Stripe will launch in Dubai for its Middle East and North Africa debut, allowing businesses operating online in the UAE to use Stripe to accept online payments. The UAE presents an “enormous” opportunity for Stripe, as its eCommerce market is on track to reach a valuation of $27.1 billion by 2022.
Mastercard Teams With b.well To Advance Consumer Digital Health
Mastercard and the medical management startup digital b.well have teamed up to offer consumers a safe way to confirm their identities when accessing services via smartphones, giving them more control over their personal information and simplifying their interactions with providers and plans.
UBS: 80,000 Retailers Could Close By 2026
A new UBS report says the country may still have too much retail per capita, even though the pace of store closures is actually down from its 2019 peak. As many as 80,000 U.S. retail stores, or about 9 percent of the country’s total, could close by 2026.
Speed Bumps Ahead For SPACs, Traditional IPOs
SPAC deals and IPOs have been nothing if not high-flying thus far into 2021 – but there may be some speed bumps in the mix. Relatively muted enthusiasm may have marked post-IPO performance in March – but do a few quiet days a trend make?
Amora Coffee Integrates Embedded Payments To Fuel Customer Loyalty
Consumers’ reliance on Amazon and other eCommerce platforms has made one-click payments an integral part of everyday purchasing experiences. In the latest Next-Gen Digital Payments Report, Jim Fosina, founder and CEO for coffee and tea retailer Amora Coffee, discusses how offering embedded payment experiences can help boost customer conversion and trust.
Mastercard: Digital-Shift Spurs $900B New eCommerce Spend
On a global basis, transactions and analysis from Mastercard show a consistent and dramatic shift toward digital spending. In an interview with PYMNTS, Bricklin Dwyer, Mastercard’s chief economist, said that the shift to digital may not have been uniform, but will prove permanent.
Shopify’s Entry Into Online Grocery Challenges Pure-Play Competitors
Shopify now makes it possible for sellers to add natural and organic grocery inventory to their online stores. The platform, GreenDropShip, Shopify’s only grocery-selling app, assists companies that are trying to make organic grocery their exclusive business model.
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