Retail & Ecommerce

EU probing Apple Pay: Restricting access to key NFC technologies on iPhones prevents EU banks from providing payment solutions, limiting competition. Mounting scrutiny could alter the duopoly’s payments dominance.

As its market share shrinks, Walmart introduces a rewards program: The retailer is partnering with Ibotta to offer customers cash rebates across its app and website.

Snapchat sees augmented reality as the key to social commerce success: The social media platform’s new AR creation suite enables businesses and shoppers to utilize the tech on and off the app.

Amazon and Flipkart sellers in India face allegations of anti-competitive behaviors: The Indian government is investigating claims that some sellers on the platforms have been given preferential treatment.

Consumer spending hasn’t slowed despite rising costs: But that may be tested as companies such as Whirlpool and Clorox plan additional price increases.

Amazon aggregator Thrasio announced layoffs and a CEO change: The company’s hypergrowth business model drove it to rapidly acquire new enterprises without paying heed to the infrastructure needed to sustain success.

In 2021, cryptocurrency accounted for $6.10 billion worth of transactions worldwide, up 177.3% from $2.20 billion the year before. Come 2023, crypto transaction value will hit $16.16 billion as more businesses accept these digital currencies as payment.

Google targets sensitive advertising categories: The search and display giant is allowing consumers to see fewer ads on certain topics, but who decides what’s sensitive and what isn’t?

The card network posted Q1 growth across the board—especially in cross-border volume—despite boycotting Russia.

Almost one-quarter of US adult Netflix users aren’t paying to use the platform. The majority, or 63%, pay full cost, while 14% share the fee with other users. Netflix’s challenge is to figure out how to get freeloaders to pay their dues.

Victoria’s Secret adds Amazon to its ecommerce playbook: Selling on Amazon’s marketplace enables retailers to find online shoppers where they’re already looking. But doing so comes at a cost.

Pinterest is doing fine, despite a decline in monthly active users: The platform’s inherent ability to serve as a social discovery engine makes it highly valuable to advertisers..

Search engines’ dominance for online product research is losing out: Consumers in Latin America increasingly prefer to search for products on retail sites such as Amazon or Mercado Libre.