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India market
E-commerce

Flipkart consolidates in India e-commerce market

The Indian e-commerce market is projected to grow more than 85% from $49 billion (INR3.4 trillion) in 2019 to $91 billion (INR6.3 trillion) in 2023, according to data and analytics company GlobalData. That compares to the estimated $586 billion-plus US consumers spent in 2019 on ...
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global coronavirus impact growing
Payments Trends

Coronavirus raises global fear for health & economy

Like the SARS pandemic before it, the new coronavirus has everyone on edge from health and immigration officials, manufacturers, tourism operators, and retailers to international traders, financial markets, and probably your neighbor next door worried about their own personal health risk and the unknown impact ...
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7-Eleven tests cashierless stores
Disruptive Technologies Payments Trends Retail

7-Eleven testing first cashierless store at head office

They’ve tried drone deliveries of Slurpees and now 7-Eleven is testing a completely cashierless store at its Irving, Texas headquarters. The fast-food giant announced the pilot in a news release saying a 700 sq ft, non-traditional convenience store is now operating and available for employees ...
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loyalty program fraud up 89%
Credit Card & Online Fraud Cybersecurity Loyalty

Loyalty program fraud growing fast; merchants unprepared

When it comes to loyalty program fraud, merchants are unprepared, and consumers are uninformed about the risk to their personal information and their hard-earned rewards according to e-commerce fraud prevention experts Forter. Loyalty program fraud is growing fast and merchants are simply not ready to ...
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Invoiced automated AR services
Banking Fintech Payments Technology

Invoiced hits $10 billion in automated accounts receivables

The global automated accounts receivables marketplace was estimated at $1.7 billion in 2019 and is expected to grow at an annual rate of 12.1% to reach $3 billion by 2024 according to research by MarketsandMarkets. The US is also one of the largest markets in the world for accounts receivable financing ...
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Digital bank N26 hits 250K subscribers
Banking Fintech

N26 hits 250,000 digital-only US bank customers in 5 months

Berlin, Germany-headquartered digital bank N26 has signed up more than 250,000 digital-only bank customers in just five months since launching in the US in August 2019. One of the numerous challenger banks disrupting the traditional banking system in the US and abroad, it partnered with ...
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Amazon Q4 financials impress
E-commerce Retail

Amazon provides powerhouse earnings report

Amazon over-delivered in its Q4 earnings results big time. The online giant reported earnings of $6.47 per share vs analyst expectations of $4.03 per share. It also outperformed on revenue with $87.44 billion, up 21%, compared to market expectations of $86.02 billion. The company said ...
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iGaming fraud report
Chargebacks Credit Card & Online Fraud Cybersecurity

Scams plague online gaming industry, Super Bowl too

In the run-up to the Super Bowl LIV, iovation released its 2020 iGaming Report, providing an analysis of more than 4 billion online gambling transactions from the past 15 years and screened for fraud by the company. The biggest reported fraud for the third year ...
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only 38% use gift cards within 30 days
E-commerce Loyalty Retail

62% haven’t spent holiday gift cards yet

It’s the end of January. Do you know where your gift cards are? An important question for both retailers and consumers. Surprisingly, only 38% of consumers will likely have used their holiday gift card after one month and by the end of the year, as ...
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Google global shopping insights
E-commerce Retail

Google’s global shopping insights show omnichannel eye-openers

Google’s 2019 global shopping insights report shows that consumers are increasingly becoming omnichannel creatures of habit. The implication is that retailers and online sellers need to be very conscious of what the new customer journey looks like and the critical points that influence purchases online ...
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