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Consumers and Merchants Should Look Before They Leap into BNPL Services

Retail TouchPoints

The economic fallout from the COVID-19 pandemic accelerated demand for buy now, pay later (BNPL) payment options. Research by The Ascent showed that among people who have used a BNPL service, 45% first did so in 2019, 21% first did so in 2020, and only 7% had used a BNPL service prior to 2015.

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Beyond the Transaction: How PayPal is Helping Remove Friction Across the Commerce Experience

Retail TouchPoints

Since spinning off from eBay and going public for a second time in 2015, PayPal has expanded its reach well beyond that one digital marketplace to more than 30 million merchants worldwide. When we have partnerships with these merchants they’re trusted brands, so consumers can feel good about shopping with those brands.”.

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Alibaba fined US$2.75bn for anti-monopoly violations by Chinese regulators

Inside Retail

The State Administration for Market Regulation (SAMR) said that after an investigation launched in December, it had determined that Alibaba Group had been “abusing market dominance” since 2015 by preventing its merchants from using other online e-commerce platforms.

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How Retailers like Rothy’s and Shinola are ‘De-Risking’ Product Design with Consumer Data

Retail TouchPoints

Technological innovations have optimized and enhanced almost all areas of the retail organization, from marketing to fulfillment, but the process of bringing products to market has been markedly slower to advance. But these legacy processes don’t work as well as they once did, and COVID made that fact hard to ignore. “A

Consumer 261
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British small and medium businesses predict strong festive trading period as payments volumes rise

A1 Retail

Barclaycard Payments’ data shows quarterly SME transactions have risen by 38.1 Business owners are starting to feel more optimistic about their own performance, with almost three in 10 (29 per cent) expecting their most successful festive period since 2015. Year-on-year payments volumes are also showing strong growth – up 21.9

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Meet Missfresh, the Chinese grocery retailer offering 30-minute delivery

Inside Retail

Here, we chat with Missfresh about how the DMWs operate, how it’s digitalising fresh markets and its plans for the future. Missfresh was the first to invent the distributed mini warehouse (DMW) business model in China in 2015, before any other player in the on-demand DMW industry. How big is Missfresh now? Missfresh generated RMB 6.1

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Retailers say proposed swipe fee cut is not enough

Mass Relators

WASHINGTON – A retail group said Wednesday that a proposed reduction in the “swipe” fees that merchants pay banks to process debit card transactions is welcome but doesn’t go far enough. The plan would also increase the amount for fraud prevention to 1.3 The Fed found that banks’ average cost to process debit transactions was 7.7