The BNPL provider bought South Africa-based Payflex to establish a presence in the region, which remains largely untapped and where point-of-sale financing solutions have strong growth potential.
Starbucks invests in more frictionless customer experiences: More fast-food brands are building up their drive-thru and on-the-go ordering capabilities, meeting changing consumer behavior in the process.
After seeing just 23.1 million US travelers in 2020, the Memorial Day weekend rebounded somewhat this year.
Walmart edged out Amazon in 2020 as the leading US grocery ecommerce retailer. We expect Walmart to continue outselling Amazon in grocery ecommerce sales through our 2023 projections.
Apple pledges additional funds to racial equality initiatives: This comes as more consumers make purchasing decisions based on brand values.
Letting sellers tap into UnionPay’s massive base—and Chinese interest in cross-border ecommerce—could boost volume and attract sellers who might want to switch providers.
Could Amazon be in trouble? With many key executives departing, new CEO Andy Jassy could face major hurdles in attracting top talent and maintaining the company’s overall growth.
The etailer will offer Affirm as a payment option for its US customers, which can sharpen Affirm’s edge against competitors and help Amazon stay ahead as BNPL services gain steam.
Both companies introduced customer-facing solutions and merchant tools and expanded partnerships to make their products more attractive as economic tailwinds die down and competition heats up.