Category: E-commerce

LVMH launches new online store

12 May 2017
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If you can remember the Eluxury.com website and being sad when it closed down in 2009, then this news will make you happy. LVMH Moet Hennessy Louis Vuitton SA, as it’s the full name of company, will be soon launching a new online platform named 24Sevres.com, to satisfy its customers’ needs for luxury items. LVMH’s […]

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Amazon buys Emirate-based Souq.com

28 Mar 2017
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Amazon.com is ready to enter the competitive Middle-East market for the first time in its history, after announcing the purchase of the online retailer Souq.com. Amazon and Souq had signed an exclusivity agreement in the past. The terms and the value of the deal have not been disclosed so far. The Middle-East region has a […]

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Lithuania wants to host UK’s payment institutions in Vilnius

17 Mar 2017
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Lithuania is willing to issue payment licenses for all claiming companies that possess similar licenses in the United Kingdom, according to sources from the Baltic country. If it becomes official, the proposal is going to be discussed by the companies’ management teams. The Lithuanian regulator has proposed to issue payment licenses using a fast-track procedure. […]

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UK online purchases boosted in 2016 despite Brexit

17 Mar 2017
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A survey from the Office for National Statistics says that 87% of British consumers has bought, at least, one item online in the last year. This percentage brings the UK in second place to Norway, in making e-commerce purchases in Europe. Britons used online platforms to buy their electronics and digital media like computers, phones […]

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Shopify e-commerce platform scares Amazon

17 Mar 2017
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Shopify’s e-commerce platform is quietly powering an e-commerce revolution, and scares Amazon with its innovations. However, it does a good job hiding itself from the world. The Shopify platform is invisible by design, enabling the end to end operations for more than 400,000 individual retail shops and brands. In 2016, the Ottawa-based company, was involved […]

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Airbnb becomes world’s 4th biggest startup

10 Mar 2017
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Airbnb is the world’s fourth-most valuable startup valued at $31bn. This valuation makes Airbnb second only to Marriot International on paper among traditional hospitality competitors. The San Francisco based company has managed in nine years to surpass famous chains of hotels like the Hyatt, the Hilton and the InterContinental. Last summer, Airbnb was seeking up […]

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Card payments surpass cash for first time

03 Mar 2017
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Consumer card payments surpassed cash payments in the previous year for the first time, registering 23.1 trillion US dollars globally. This fact is an indication that people are starting to use their cards more often to make their transactions and the use of cash in a few years will be just a memory. A survey […]

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Rapid Increase of Mobile Payments in the UK

28 Feb 2017
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A 247% increase in the number of mobile transactions of all in-store purchases has been reported in a research conducted by Worldpay in the United Kingdom. Analysis of transaction data and a consumer survey that took place in Britain showed that over the last year users almost tripled their mobile payments. The survey showed clearly […]

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Insurtech is the new black for investors

28 Feb 2017
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Insurtech is one of those new words that few people know now but investors are getting crazy about it. Insurtech is going to replace all those lengthy phone calls with our insurance broker and the long walks coming back from his office having a pack of signed papers in our hands. Insurtech firms are start-up […]

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Generation-X champions mobile payments

24 Feb 2017
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Mobile payments have expanded a lot in the last few years but, since 2015, adoption has been slower with only modest growth. According to Deloitte’s 2016 Mobile Consumer Survey that was published older American millennials are more likely to use mobile payments than their younger counterparts. The group that includes people of ages between 24-35 […]

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