Social commerce is expected to reach more than $1 trillion in 2025: Platforms have invested heavily in the space, though consumers are still uncertain about its trustworthiness.
Omicron outbreak leads retailers to cut hours and temporarily close stores: The situation could drive more consumers to buy online and spur merchants to add more self-service tools.
Holiday ecommerce sales jumped to $204.5 billion despite supply chain hang- ups: Retailers dished out deals earlier than ever this year to avoid product shortages.
In H1 2021, Mercado Libre scooped up more than $13 billion in digital sales across Latin America, making it the region’s biggest ecommerce company.
Goldman’s new General Motors card could cement the issuer’s reputation for innovative digital features and serve as an industry blueprint.
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COVID-19 is back at the top of mind for many consumers: Survey suggests spread of omicron variant has led many to change their behavior.
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TikTok could be the savior of the box office and travel counter: Pandemic-challenged industries have embraced the social media app in the hopes of fueling their recovery.
PayPal confirmed it’s looking into developing a stablecoin, an asset class with unique crypto benefits that can help drive volume.
Following double-digit growth in 2021, total transaction value on PayPal’s core platform will jump 22.3% this year to reach $1.144 trillion globally, surpassing the $1 trillion mark for the first time.
They now have to report users’ business payments that exceed $600 annually, which might push them to add payment-adjacent tax services.
For US retailers, ecommerce conversions are increasingly taking place on mobile phones.