Latest E-commerce News: Finextra Research

Bolt lays off another 10% of workforce

Bolt has axed another 50 employees, meaning that the online checkout company has seen its headcount shrink by more than half in under a year.

26 January 2023

News/startups

Ex-Plaid product lead launches e-commerce payment processing platform

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

25 January 2023

News/payments

Stripe scores major Amazon deal

Stripe has become a strategic payments partner for Amazon in the US, Europe, and Canada, processing a "significant" portion of the tech giant's total payments volume across its businesses, including Prime, Audible, Kindle, Amazon Pay, Buy With Prime, and more.

23 January 2023

News/payments

Alibaba sells $126 million stake in Paytm

Chinese e-commerce giant, Alibaba Group, sold a 3.1% stake in the Indian digital payments firm, Paytm, via a block trade on Thursday.

13 January 2023

News/payments

Walmart fintech unit preps BNPL play

Walmart-backed fintech One is planning to launch a buy now, pay later product, according to CNBC.

13 December 2022

News/security

MangoPay buys Nethone to help marketplaces fight fraud

MangoPay, a European payment technology provider for marketplaces and platforms, is buying AI fraud detection and prevention company Nethone.

29 November 2022

News/retail

Klarna launches platform to connect retailers and influencers

Klarna has launched a platform that connects retailers with creators and influencers that can help them reach their target markets.

29 November 2022

News/payments

Appetite growing for embedded finance in mobility sector - Solaris

Research conducted by Solaris and the Handelsblatt Research Institute explores how embedded finance opportunities are opening up in the European mobility sector.

25 November 2022

News/people

GoTo Group cuts 12% of staff

Indonesian tech group, PT GoTo Gojek Tokopedia Tbk, has announced that it will layoff 12% of its staff, amounting to 1,300 employees.

18 November 2022

News/payments

RBC partners Visa to offer cardholders BNPL option

Royal Bank of Canada is the latest lender to tap into Visa's BNPL technology to offer its credit cardholders the option of paying for purchases in instalments.

14 November 2022

News/payments

PayPal and Apple to accept each other's payment products

PayPal and Apple have struck a deal to start accepting each other's payments products within their separate ecosystems.

04 November 2022

News/payments

Standard Chartered launches Payouts-as-a-Service tech

Standard Chartered has launched an API-first Payouts-as-a-Service offering that will let digital businesses manage one-to-many payments.

02 November 2022

News/payments

Airwallex partners Atome on BNPL

Airwallex has joined forces with Asian BNPL giant Atome to enable its merchant customers to offer instalment payment options.

02 November 2022

News/retail

Amazon launches merchant cash advancement programme

Amazon has joined forces with Parafin to launch a merchant cash advance service that ties repayment to future sales.

01 November 2022

News/payments

Citi invests in white-label shopping rewards platform Wildfire

Citi Ventures has made a strategic investment in white-label reward programme platform Wildfire Systems.

27 October 2022

News/payments

Amazon adds Venmo as payments option

Ahead of Black Friday, Amazon is adding PayPal's Venmo as a payment option for US shoppers.

26 October 2022

News/security

PayPal lets Apple users ditch passwords for passkeys

PayPal is taking a major step away from passwords, giving users the option of logging in to their accounts with the new industry standard passkey.

24 October 2022

News/payments

Vipps and MobilePay get EC approval for merger

The European Commission has approved a merger between Nordic mobile payments players MobilePay and Vipps after a third partner, Pivo, pulled out.

21 October 2022

News/people

Stripe taps Meta's Sharma to lead new revenue and financial management team

Stripe has appointed Microsoft and Meta veteran Vivek Sharma as its first head of revenue and financial management.

17 October 2022

News/payments

Italy's Mediobanca snaps up BNPL fintechs

The consumer credit arm of Italian investment bank Mediobanca Group has made two fintech investments designed to boost its BNPL operations.

14 October 2022