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November 8, 2021

On the web

Amazon Customers Will Be Able to Pay With Venmo Next Year

GeekWire

“Starting next year Amazon customers will be able to pay on Amazon.com and Amazon’s mobile shopping app via Venmo, the mobile payment service owned by PayPal. It’s the latest deal inked by Amazon to give customers another way to pay for products on its marketplace. Earlier this year it partnered with Affirm to let customers buy products in monthly payments. PayPal announced the deal as part of its third quarter earnings. Venmo processed $60 billion in total payment volume for the quarter, up 36%.”

November 5, 2021

On the wires

Klarna and Wish Expand Partnership to Offer US Shoppers Flexible Payment Solutions

Klarna , a leading global retail bank, payments and shopping service, today announced an expansion of its partnership with ContextLogic Inc. (d/b/a Wish ) (NASDAQ: WISH ), one of the world’s largest mobile e-commerce platforms. The partnership, which will initially allow flexible payment options to consumers in the US, is part of a broader drive by Wish to expand ‘Buy Now, Pay Later’ (BNPL) offerings to its users across its platform.”

October 20, 2021

On the web

Spotify Partners With Shopify to Add Merch to Artists’ Profiles

TechCrunch

“Spotify this morning announced a new partnership with e-commerce platform provider Shopify that will allow artists on its service to connect their Spotify profiles with their Shopify stores, allowing them to market their merchandise directly to fans through the Spotify app. After connecting their Spotify for Artists accounts with their Shopify online store, artists will be able to sync their product catalog to Spotify to showcase whichever products they choose on their profile in the streaming music app.”

October 12, 2021

On the wires

Spreedly Adds Ability to Access Stripe Via Its Connect Platform

“Spreedly, the provider of the leading Payment Orchestration platform, today announced that as part of its partnership with Stripe, Spreedly customers are now able to seamlessly onboard to Stripe. Stripe Connect, will enable the adoption of advanced fraud fighting features and other value-added services. This opportunity for joint customers is available as part of the previously announced Partnership Program for Payment Service Providers .”

Digital River Launches Payments, Taxes, Fraud and Compliance App for Lightning B2B on Salesforce AppExchange, the World’s Leading Enterprise Cloud Marketplace

Digital River , an experienced global ecommerce enabler for established and fast-growing brands, today announced it has launched its own integration with Salesforce Commerce Cloud on Salesforce AppExchange, empowering users to integrate Digital River’s comprehensive checkout solution with Salesforce. The new app allows B2B merchants to combine Salesforce’s powerful commerce capabilities with Digital River’s merchant of record model and global payments, fraud, tax and compliance services – all through one comprehensive solution”

September 17, 2021

On the web

September 15, 2021

On the wires

Adobe Announces Payment Services for Adobe Commerce

“Adobe (Nasdaq: ADBE) today announced the upcoming availability of Payment Services for Adobe Commerce , the industry’s leading end-to-end commerce application for B2B, D2C and hybrid use cases. By integrating Payment Services to their digital storefronts, Adobe merchants of all sizes will soon have access to a robust, secure, and integrated payment solution that can easily be managed from their Adobe Commerce Admin, instead of having to do the work of integrating with third-party payment providers.”

September 7, 2021

On the wires

JCB and Checkout.com to Extend Strategic Partnership, As First Payment Services Provider to Bring JCB’s J/Secure(TM) 2.0 to the UK

“JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and Checkout.com, the global payments processing platform, today announces the next evolution of their partnership with the rollout of J/Secure(TM) 2.0 which is compliant with EMV(R) 3-D Secure (EMV 3DS) to Checkout.com’s merchants in the UK.As Europe’s leading payment service provider for enterprises, Checkout.com is the first licensee partner in the UK to go live with J/Secure(TM) 2.0, JCB’s authentication programme for card-not-present transactions.”

September 2, 2021

On the wires

Shopistry Teams With Square, Bringing Headless Commerce to Merchants Across Channels

“Shopistry, a leading headless commerce platform for fast-growing digital-first brands, today announced a new integration with Square enabling merchants to easily launch custom commerce experiences, including web stores and mobile apps, fully integrated with Square Online and Square Payments. Now a member of the Square Solutions Partner Program and available in the Square App Marketplace, Shopistry enables growing brands the creative freedom and features to launch engaging web, mobile, and omnichannel experiences with modern capabilities out of the box.”

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

TechCrunch

“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

TechRadar

“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

Reuters

“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

Bloomberg

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

Bloomberg

“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.”

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