ReCommerce platform Soum has raised $18 million to expand through the Middle East. The company, founded in Saudi Arabia in 2021, now hopes to extend its business into other parts of the Middle East and North Africa (MENA), beginning with the United Arab Emirates (UAE), the firm’s leaders...
As grocers look to close the digital adoption tab between higher- and lower-income consumers, leading players in the space are increasingly adding new options for Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) recipients. Amazon, for its part, has been expanding its acceptance of SNAP...
Tokens.com has launched a proprietary eCommerce platform that allows product placement and advertising within virtual gaming worlds like Roblox and Fortnite. The new Valor platform within Metaverse Group enables players within these environments to scan branded items, claim offers and earn points that can be redeemed for rewards, the company said in a...
Shopee, an eCommerce firm owned by Singapore-based Sea, is expanding its presence in Latin America with the acquisition of the local credit arm of Brazilian FinTech company Blu. This strategic deal, which has received preliminary approval from Brazil’s antitrust regulator CADE, will enable Shopee to offer credit...
A false decline is a legitimate card transaction that is ultimately denied, either by a bank or a merchant because it is mistakenly considered a fraud attempt. The result is a consumer who abandons the shopping cart, which is finally translated into lost sales that...
Payments platform Airwallex has launched a partnership with eCommerce platform Woo. The collaboration makes Airwallex an official payment extension of Woo, letting the platform’s 3.5 million stores accept cross-border payments via cards, digital wallets and local payment methods within minutes, the companies said in Wednesday (Dec. 13) press release. “Cross-border...
Online marketplace eBay is rolling out a limited-time mobile consignment concierge that will promote the selling experience offered by the recently launched eBay consignment service. A branded bus called the Luxe Line will visit locations in Los Angeles and Las Vegas, offering people a physical place...
As grocers look to drive digital sales while protecting their margins, Ocado is reportedly adding more robotic arms in an effort to boost fulfillment efficiency. The United Kingdom-based, multinational grocery technology company is soon to increase the number of robotic arms at its Luton facility...
Online retail subscriptions have revolutionized the way consumers shop, providing convenience and personalized experiences that cater specifically to individual preferences and needs. This shift in shopping habits presents an opportunity for online merchants to capitalize on evolving consumer expectations by innovating with retail subscription offerings,...
