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August 25, 2021

On the wires

Spreedly Reports 300% Increase in Usage of Its Platform by Merchants to Prevent Fraud

“Spreedly, the provider of the leading Payments Orchestration platform, today announced that the volume of transactions leveraging a fraud management service via its Payments Orchestration platform has more than tripled over the last year. Merchants and platforms use Payments Orchestration to improve their digital customer experience and maximize transaction ROI. Spreedly enables customers to connect to the ideal mix of services to support their payment strategy. Spreedly’s marketplace of services includes an array of fraud-fighting applications. With a single integration to Spreedly’s Payments Orchestration platform customers can quickly and easily test and leverage fraud management tools with a “build once” approach.”

August 24, 2021

On the web

TikTok Expands Shopify Partnership, Pilots TikTok Shopping in US, UK and Canada


“TikTok is moving into e-commerce. The company announced this morning an expanded partnership with e-commerce platform Shopify, as well as a pilot test of TikTok Shopping among select Shopify merchants across the U.S., U.K., and Canada in the weeks to come. The social video platform first announced its plans to partner with Shopify last October, with the introduction of new tools that allowed Shopify merchants to create, run and optimize their TikTok marketing campaigns directly from the Shopify dashboard, as well as new integrations within the TikTok For Business Ads Manager.”

August 17, 2021

On the wires

GoDaddy Payments Adds Online Pay Links and Virtual Terminal – Providing More Ways For Small Businesses To Get Paid

“Pay Links enable small businesses to create a link to a secure checkout page, share it with their customers across email, social media, text or generate a designated QR code and get paid within minutes. Businesses can customize their Pay Links with product images and a logo, so customers have a seamless brand experience. Virtual Terminal turns any device with a web browser into a payment terminal, enabling small business owners to take payments over the phone. As part of GoDaddy Payments, both Pay Links and Virtual Terminal accept all major credit and debit cards including Visa, Mastercard, American Express, and Discover for a low transaction fee with no long-term contracts, no monthly minimums or any hidden fees.”

August 10, 2021

On the web

WordPress Plugin WooCommerce Activates Its Payments Offering in Europe


“Popular WordPress ecommerce plugin WooCommerce has expanded its payment services across four new countries as part of plans to reach more retailers and SMBs worldwide.   Businesses in Spain, Italy, France and Germany will now have access to WooCommerce’s solution, which allows users to manage payments directly from their store’s dashboard. The firm has also added multi-currency support, which lets customers shop in any of the 135 currencies WooCommerce supports. Previously, merchants were required to use a plugin to add further currencies.”

July 28, 2021

On the web

Santander’s Payments Fintech PagoNxt to Expand in 30 Countries in Europe


“Santander (SAN.MC) , the euro zone’s second-largest bank by market value, said on Monday its payment fintech unit, PagoNxt, would start to serve customers in 30 countries in Europe under the Getnet brand. The initiative is part of a wider strategy aimed at boosting the bank’s revenues at a moment when European lenders are struggling with pressure from low interest rates while trying to fend off competition from technology firms.”

On the wires

BigCommerce Invests in Becoming World’s Most Powerful Platform For… | BigCommerce

BigCommerce (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established brands, today announced it has acquired Feedonomics in an asset purchase transaction. As a full-service data feed management platform, Feedonomics helps mid-market and enterprise merchants succeed on hundreds of advertising channels and marketplaces by ingesting, unifying, enhancing, and syndicating product data, and then syncing the resulting order data back into existing systems to streamline operations.”

July 21, 2021

On the web

Online Checkout Startup Bolt Valued at $4 Billion

The Information

“Bolt, a San Francisco-based startup that offers software for online shopping, is raising $333 million in Series D funding at a post-investment valuation of $4 billion, nearly five times its valuation in December, according to three people familiar with the matter. London-based venture firm Hedosophia is leading the round, said one of the people. Six-year-old Bolt has six million registered users and next year expects 50 million people to use Bolt’s one-click checkout service through merchants such as Forever 21 and Brooks Brothers, according to a person familiar with the business. The startup makes money by charging merchants a 2% fee on purchases made through Bolt.”

On the wires

Fiserv Integrates E-Commerce Solutions Into Its Portfolio in Mexico

Fiserv Inc. , a leading global provider of payments and financial services technology, today announced the integration of a cutting-edge fraud prevention solution into its e-commerce payment gateway to reduce the fraud-related chargeback risk for Mexico’s online commerce. The Vesta fraud prevention platform helps secure online payment transactions, reduces the decline rate, and includes a “Zero Chargeback Guarantee.”

July 15, 2021

On the web

Facebook’s Making Facebook Pay Available As a Payment Option on Third Party Websites

Social Media Today

“Starting this August, businesses in the US who use participating platforms will have the ability to enable Facebook Pay as a payment option directly on their websites, giving their customers the ability to speed through checkout without having to re-enter their payment information. We’re starting the rollout with Shopify merchants and expect to expand availability with more platforms and payment service providers over time.”

July 13, 2021

On the wires

GoDaddy Teams up With Google to Help Small Businesses Increase Reach and Boost Online Sales

“Without leaving their GoDaddy Online Store, customers are now able to automatically create a Google Merchant Center account, sync their catalog to create free product listings on Google, and promote their products on Google. In addition to free listings, GoDaddy customers now have integrated capabilities to launch Smart Shopping campaigns to promote products across more surfaces on Google, including Google Search, Google Images, Google maps, YouTube and Gmail.”

July 9, 2021

On the wires

PayU Partners With WooCommerce to Accelerate Digitalization for SMBs

“PayU, India’s leading online payment solutions provider, has partnered with WooCommerce, an open-source, customizable e-commerce platform, to enable WooCommerce merchants with digital payments infrastructure, and end-to-end digitalization of business processes. The partnership will offer merchants exclusive pricing on transactions, no hidden charges, and contactless payment solutions to scale growth and profitability.”

July 8, 2021

On the wires

July 7, 2021

On the web

E-commerce Player Wish Secures EU Payment Institution License

Finextra Research

“Wish has been granted a Payments Services License by the Dutch Central Bank, paving the way for the e-commerce giant to process all EU payments on its platform. The license will enable Wish to process transactions and increase control over the payments value chain in a compliant manner, while also reducing reliance on third parties.Wish will initially use the license to pay its EU merchants directly but will explore other payment services in the future.”

July 6, 2021

On the wires

Identity Verification Company Trust Swiftly Launches Its Robust Platform to Increase E-commerce Fraud Prevention

Trust Swiftly launches the first-ever identity verification platform featuring 15 different methods of authentication that safely approves real e-commerce customers while stopping fraudsters fast. By combining multiple verifications, Trust Swiftly provides legitimate customers the most efficient and enjoyable experience possible while fraudulent actors are quickly identified. The platform is customizable and allows users the capability to feature as many of the verification methods as they see fit.”

BigCommerce Expands Into the Netherlands, France and Italy for Localised Ecommerce Experiences to Help Merchants Build, Run and Grow a Better Online Business

BigCommerce (Nasdaq: BIGC), a leading global Open SaaS ecommerce platform for fast-growing and established brands, today announced it has extended its European presence from the U.K., into the Netherlands, France and Italy. With BigCommerce, merchants will have access to a flexible, enterprise-grade ecommerce platform built to sell on a local and global scale. This latest growth phase comes almost a year since the company’s IPO in August 2020 and three years since the company first put down roots in EMEA with an office in London in 2018.”

July 2, 2021

On the web

Africa’s Amazon Targets 100 Years of E-Commerce Leadership


Jumia Technologies AG is focused on building a sustainable business in Africa’s e-commerce space over the next 100 years rather than only pursuing growth, an executive said… U.S.-listed Jumia is seen as one of the pioneers in online trading in sub-Saharan Africa, which trails the rest of the world due to challenges including weak internet connections and unreliable addresses. Covid-19 related movement restrictions and improving broadband penetration have spurred competition in the e-commerce space on the continent since last year. Its payment business, JumiaPay, now accounts for a third of its revenues, according to Hodara.”

June 30, 2021

On the web

MercadoLibre Is Changing the Way Latin Americans Shop—and Pay


“If MercadoLibre is changing the way Latin Americans shop, investors seem even more excited about how it’s changing the way they pay. Payment volume at MercadoPago , the company’s financial tech arm, increased 75% last year, to $50 billion, as merchants incorporated the ability to pay through smartphone apps or QR codes. The company also more than doubled the portfolio of its lending business. In 2018, Goldman Sachs Group Inc. estimated that 40% of MercadoLibre’s value came from its financial-services arm; today it’s 60%.”

On the wires

The Most Flexible, Scalable, and High-Performing Shopify Ever: Major Platform Investments Unveiled at Unite 2021 Give Entrepreneurs Limitless Creative Power

“Today at Shopify Unite 2021, we announced our largest set of platform investments to date. With a lens into the future where every merchant can tell their unique story, we are reinventing the internet’s commerce infrastructure like never before and calling on developers to help us build that future together.  We’re not just betting on a world full of merchants, but on a world full of developers and technical entrepreneurs. Our infrastructure updates—from Storefronts and Checkout to the Theme Store and our Partner Ecosystem—give developers and merchants even more power to create, customize, scale, and monetize on Shopify.”

June 22, 2021

On the wires

Nuvei and Discover Global Network Sign Acquiring Agreement to Increase ECommerce Acceptance

Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, announced today that its wholly owned subsidiary has signed an acquiring agreement with Discover® Global Network, the payment brand of Discover. Nuvei has secured the partnership at a critical time as the shift to eCommerce continues to surge, satisfying the demand for greater connections between online merchants and Discover Global Network. The enhanced card acceptance offering allows businesses to provide an improved online shopping experience that can help increase sales and attract more clients from across the globe.”

June 21, 2021

On the wires

June 15, 2021

On the web

Kenyan E-commerce Startup Sky.Garden Raises $4m Series A Funding Round – Disrupt Africa

Disrupt Africa

“Launched in May 2017, Sky.Garden is a software-as-a-service (SaaS) platform for mobile commerce that is built specifically for African businesses. Its easy-to-use online marketplace allows informal traders, SMEs and established businesses to sell their products. Its technology has been built with a strong focus on African sellers and adapted to tap into the extensive logistics network of informal and structured shipping across the continent. Sky.Garden raised a US$1.2 million seed funding round in 2018 , and it has now taken on a further US$4 million in capital via a Series A round featuring SANAD Fund for MSME , Aavishkaar , UNCOVERED FUND and KSK Angel Fund , the latter founded by Japanese former AC Milan footballer Keisuke Honda.”

Shopify Expands E-Commerce Pact With Google and Facebook


Shopify Inc. will open up its e-commerce checkout system to all retailers selling through Google and Facebook Inc. , expanding an existing collaboration with the two U.S. giants and marking the first time the Canadian technology company has offered a product to merchants that don’t use its platform. Retailers who sell products through Facebook or Google properties such as Instagram, YouTube or Google Maps will be able to offer shoppers the chance to pay for their purchase using Shop Pay, starting in July for Facebook and later in 2021 for Alphabet Inc. ’s Google. Shop Pay is a checkout product that stores users’ information, speeding up online transactions. Right now, retailers have access to it through those social media platforms, but they must be Shopify merchants to use it.”

It’s Hard Work to Make Ordering Groceries Online So Easy

The New York Times

“In 2020, online grocery sales rose 54 percent to $96 billion, or 7.4 percent of all grocery sales, according to data from eMarketer. While many consumers will likely return to stores as the pandemic abates, more than a third of online grocery shoppers said in a recent survey from Coresight Research that they expected to continue shopping that way. Online orders are costly for grocers, which already have incredibly thin profit margins and now find themselves building infrastructure to perform a task previously done by customers. Many customers expect the service to be cheap and fast, which requires labor. A growing number of chains are taking on at least some portion of the picking that they once outsourced to third-party companies like Instacart, which has been criticized for holding its in-store shoppers accountable

On the wires

Wix Acquires Modalyst to Provide Its Own ECommerce Supplier Marketplace and Native Dropshipping Solution

Wix (Nasdaq: WIX ), a leading global SaaS platform to create, manage and grow an online presence, today announced the acquisition of Modalyst , a leading marketplace and dropshipping platform. The acquisition will continue extending the Wix eCommerce platform and contribute to the success of businesses on Wix, connecting Wix merchants to a vast supplier marketplace where they can create lasting, scalable relationships and source millions of high-quality products synced directly to their store to sell and fulfill online.”

June 11, 2021

On the wires

Introducing Netflix.shop: A New Way for Fans to Connect With Their Favorite Stories

“We love it when great stories transcend screens and become part of people’s lives. We’re always looking at how we can  extend the world of our stories for fans, from apparel and toys to immersive events and games. And it’s why today we’re launching Netflix.shop as an exciting new destination combining curated products and rich storytelling in a uniquely Netflix shopping experience. Netflix.shop will drop exclusive limited editions of carefully selected high-quality apparel and lifestyle products tied to our shows and brand on a regular basis. Among the items debuting this month are streetwear and action figures based on anime series Yasuke and Eden; as well as limited-edition apparel and decorative items  inspired by Lupin in collaboration with the Musée du Louvre.”

June 10, 2021

On the wires

WooCommerce Merchants Can Now List Their Products Across Google

“Last week we announced that all of WooCommerce’s 4.4 million merchants would soon have the ability to easily integrate their product inventory across Google in just a few clicks, and for free. Today, the product is live and ready for WooCommerce merchants to use globally. Making it easier for retailers who work with partners like WooCommerce to integrate with Google shopping features across Search, Shopping, Image Search and YouTube means that retailers of all sizes will have even more ways to get discovered. And shoppers will have even more choice as they make their shopping decisions.”

June 9, 2021

On the wires

Sticky.io Closes $90 Million Facility With Goldman Sachs Asset Management

“sticky.io, a leading ecommerce platform provider for subscription management and recurring billing, today announced that it has closed a $90 million material capital transaction with the Private Credit business within Goldman Sachs Asset Management (Goldman Sachs). The company plans to use the funds to build more functionality into its platform and leverage the relationship for ongoing growth opportunities…sticky.io is the world’s leading integrated commerce and billing platform, providing an extensive ecosystem of solutions for enterprise merchants that require flexibility and robust analytics, while providing a return on investment from a low-cost, rapid deployment model to get to market faster with a better solution than any other available today.”

June 8, 2021

On the wires

Pinterest Takes the Best of Offline Shopping and Brings It Online

“Today, we are announcing the expansion of our shopping features to Australia, Canada, France and Germany, offering Pinterest users the opportunity to shop right from Pins, on boards, from search, and from the inspiration they find in the real world using Lens camera search. Pinners will also be able to get inspiration from Shopping spotlights, which showcase expert recommendations and trends from influential fashion and home tastemakers as well as publishers.”

June 1, 2021

On the web

E-Commerce Platform Wix Integrates Paysafe’s Skrill Services To Expand Online Payments

Digital Transactions

“With small and medium businesses looking to establish or expand their e-commerce presence, Wix.com Ltd., an Israeli-based provider of cloud-based Web-development services, is adding Skrill, a digital wallet and payments gateway operated by Paysafe Group Holdings Ltd., to its platform. Integrating Skrill will enable Wix merchants to accept credit and debit cards, as well as local and alternative payment methods, and settle those transactions in more than 40 currencies, Wix and Paysafe say. Alternative payment methods include such Paysafe services as Rapid Transfer, PaySafe’s online bank transfer solution, and Paysafecash, the company’s online cash solution.”

May 27, 2021

On the web

Google, Shopify Extend Ties in Commerce Blitz Against Amazon


“Google is pushing further into e-commerce with new tools and partnerships with Shopify Inc. , Square Inc. and others to gin up more shopping on the search giant’s web properties — and very much not on Amazon.com Inc. Alphabet Inc. ’s Google announced Thursday that merchants using Square, GoDaddy Inc. and WooCommerce will be able to sell products more easily on Google search, Maps and YouTube. Last week, Google introduced that feature for Shopify merchants and is now adding the Canadian company’s payments product, Shop Pay, as an option for consumers. Google also plans to display buying options more prominently on its sites, adding even more ways to turn it into an e-commerce bazaar.”

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