Commerce

PayPal makes quick guest-checkout solution Fastlane available to U.S. businesses

Commerce /

PayPal said on Tuesday that it is making its quick guest-checkout solution, Fastlane, available to all U.S. merchants after testing it with select businesses for a few months. Businesses will initially have to use the company’s payment processing services, such as PayPal Braintree or PayPal Complete Payments, to use Fastlane. The company first started testing […]

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Amazon’s India chief resigns amid intensifying competition

Commerce /

Manish Tiwary, the head of Amazon’s India operations, is leaving the firm as the U.S. e-commerce giant grapples with mounting pressure from competitors in one of its crucial international markets. Tiwary, who took over as country manager in late 2020, is departing as Amazon has noticeably shifted its focus on cloud business in India and

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Flipkart blitzes into India’s 10-minute quick delivery battle

Commerce /

India’s fast-growing quick commerce market is getting a new deep-pocketed entrant: Walmart-owned Flipkart, India’s largest e-commerce firm. Flipkart has started to roll out Flipkart Minutes, its quick commerce service, in parts of Bengaluru. The new service offers customers the ability to have a wide range of items, from grocery to smartphones, delivered to them within

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Investors pour money into non-alcoholic beverages

Commerce /

Startups are attracting serious funding to provide fun, alcohol-free drink options at the bar and in other social contexts. Earlier this year, canned water company Liquid Death announced that it has raised $67 million in new funding at a $1.4 billion valuation. And Athletic Brewing Company, which describes itself as America’s largest non-alcoholic brewery, said

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Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa

Commerce /

When Egyptian B2B e-commerce platform Cartona last raised money in 2022, global and local investors were eager to invest in African startups solving the supply chain and operational challenges for retailers and suppliers in the fast-moving consumer goods (FMCG) industry. Two years on, investors aren’t as enthused anymore as the business models of such startups,

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Qoo10’s CEO pledges personal assets worth $58M to compensate Korean merchants affected by its liquidity crisis

Commerce /

The founder and CEO of Singapore-based marketplace Qoo10 has pledged to use his personal assets to secure about $58 million (80 billion KRW) to compensate South Korean customers and vendors affected by his company’s liquidity crisis, which in turn resulted in failed payments to about 60,000 small merchants who sell through its Korean marketplace subsidiaries,

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India’s Swiggy turns its Minis service for small businesses into a link-in-bio landing page

Commerce /

Indian food delivery and quick commerce startup Swiggy is pivoting one of its smaller businesses: Swiggy Minis, its Shopify alternative for small businesses, is being turned into a link-in-bio service that will now also cater to service providers like nutritionists and fitness trainers. In its new avatar, Swiggy Minis will act as a landing page

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US buyers spent $7.2B on the first day of Amazon’s Prime Day sales event

Commerce /

Consumer spend in the U.S. for the first day of Amazon Prime Day recorded 11.7% year-on-year growth according to data by Adobe Analytics. This year, Amazon is holding its Prime Day event this week across many regions. Adobe’s report noted that consumers spent $7.2 billion on the first day as compared to $6.4 billion on

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