RTIH rounds up the retail systems ventures who have recently wrapped notable funding rounds, including Ocula Technologies, Yoti, Patchworks, and APEXX Global. 1. Ocula Technologies Ocula Technologies has received new investment from Lloyds Banking Group and its FinTech Investment Team. The SaaS startup aims to let retailers harness the power of AI to enable data […]
Swedish fintech Klarna changed how consumers — particularly younger consumers — buy and pay for goods. Its model, which countless other rivals have since replicated, is simple. Rather than pay the entire sum upfront, the consumer pays a portion, and Klarna fronts the rest, which the consumer repays in manageable bi-monthly or monthly installments. At […]
RTIH rounds up the retail systems ventures who have recently wrapped notable funding rounds, including Hexa, Hectare, and ZIPZERO. 1. Nosto E-commerce tech startup, Nosto, has announced the closure of a $16 million funding round, from Mandatum Asset Management’s Growth Equity team (MAM GE). Since its founding in 2011, Nosto’s technology has been tapped by […]
Klarna’s CEO Sebastian Siemiatkowski has watched his pay climb by 35% despite his company plunging to the biggest annual loss in its history. The fintech giant cooled fears by saying… The post Klarna CEO’s pay rises by 35% despite company losses hitting $1bn appeared first on Latest Retail Technology News From Across The Globe – […]
The past few years have thrust digital shopping into the spotlight and it’s a trend that’s here to stay. The 2022 holiday season was no different, as shoppers continued to purchase online goods and gift cards for their loved ones, providing valuable insights on the emerging ways consumers are approaching gifting across channels. Retailers looking […]
Buy now pay later (BNPL) services have grown in popularity since they were first introduced in 2016, with almost 4 in 10 Brits having utilised them as a means of cutting immediate purchase costs. In fact, these services have embedded themselves in consumer consciousness so much so that 9.5 million shoppers would avoid buying from retailers that […]
David Cost has a voracious appetite for innovative technology that turns online shopping into a sublime event. The vice president of e-commerce and marketing for fast-fashion retailer Rainbow Shops pays close attention to traditional e-commerce metrics. However, his guiding benchmark is singular — experience. Sure, the portion of site visitors who end up buying something is important […]
Over the last year or two, we have seen gamification and digital assets such as NFT’s skyrocket in growth. Now, the retail industry is using gamification and digital trends to help build customer loyalty and increase the customer experience. This week we talk about how brick-and-mortar stores are using touches of digital to […]
Whether it’s the loss of third-party tracking or a new Google algorithm update, marketers always have a new challenge to face. Today, that challenge is inflation. An overwhelming majority (85 percent) of consumers say inflation has caused them to change their shopping habits, with 79 percent seeking out discounts and 77 percent reducing their shopping. […]
Think you know Generation Z? Think again. Much has been said about this generation, but amid the facts are plenty of myths, so we’re here to set the record straight with 7 Gen Z characteristics, according to real consumer data. Who are Generation Z? If you’re in uncharted territory, and aren’t so familiar with Gen […]
The UK Government has released draft legislation to clamp down on the booming buy now pay later (BNPL) sector, in an effort to protect consumers from potential harm. The draft… The post Government announces long-awaited crackdown on BNPL firms appeared first on Latest Retail Technology News From Across The Globe – Charged.
RTIH rounds up the stand out retail systems deals, launches, deployments and pilots from the past seven days. Featuring Carrefour Argentina, Shopify, Migros, Starship Technologies, Grubhub, John Lewis Partnership, Asos, Instacart, and HappyOrNot. Carrefour Argentina The first autonomous Carrefour Flash store has opened in Latin America. Tapping Go2Future miniGO technology and using cameras on the […]
It’s Friday, the weekend is almost upon us, so let’s kick back and reflect on another eventful week for the retail systems space. Here’s your briefing on the most important stories from the past five days, including Instacart, Foodcellar Market, John Lewis Partnership, Adyen, and FC Bayern Munich. 1. US grocer Foodcellar Market deploys Scan […]
It seems like everywhere you look, there’s a shiny new dating app stepping into the spotlight: a program connecting young professionals during their lunch breaks; a website specifically curated for farmers; an app breaking stereotypes by having women make the first move. Digital dating has become widely accepted, with Tinder, Bumble and Hinge considered “must-have” […]
Last week, Frasers Group revealed its plans to launch its own buy now pay later (BNPL) scheme, which could allow shoppers to borrow up to 2,000 pounds when spending with… The post Frasers Group: Why is the retailer investing in BNPL? appeared first on Latest Retail Technology News From Across The Globe – Charged.
BNPL is picking up more momentum, making regulation even more urgent. Set against uncertain economic times and consumer belt-tightening, it is no surprise that Buy Now Pay Later (BNPL) adoption is expanding steadily, with forecasts suggesting as much as 18% growth between now and 2028. Consumers like the flexibility of BNPL, allowing them to purchase […]
Frasers Group has launched buy now, pay later (BNPL) product through its new “Frasers Plus” scheme. Shoppers are able to divide their purchases into three, interest-free instalments paid over the… The post Frasers Group launches BNPL financial solution appeared first on Latest Retail Technology News From Across The Globe – Charged.
Checkout.com’s senior vice president Moshe Winegarten has been snapped up by international payment service provider Ecommpay. Winegarten will assume the position of chief revenue officer at Ecommpay, while the fintech… The post Ecommpay poaches Checkout.com SVP Moshe Winegarten appeared first on Latest Retail Technology News From Across The Globe – Charged.
Fintech firm Stripe will make a decision on its plans to go public within the next year, according to CNBC. Co-founders John and Patrick Collison told Stripe’s workers on Thursday… The post Stripe to confirm IPO plans this year appeared first on Latest Retail Technology News From Across The Globe – Charged.
Do you like numbers? Do you like retail systems news? Then this is the article for you. Including Emperia, Amazon UK, Mercaux, Gemba, Adobe, and Twinco Capital. $18 million…Gemba, a virtual reality training startup used by the likes of Nike, Coca-Cola, and Amazon, has bagged $18 million in a Series A round of funding from […]
The online eCommerce and retail industries are consistently adapting to new trends and technology, such as Buy Now, Pay Later (BNPL) and other innovations. All successful businesses are resultantly aware that flexibility is the key to longevity and maintaining customers. But, while recent years have seen a focus on eCommerce, this is expected to make up […]
In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […]
PayPal has announced it is partnering with ecommerce tech company Bold Commerce. PayPal is working with Bold Commerce to bring payments and commerce together as the fintech company moves into… The post PayPal ties up with Bold Commerce appeared first on Latest Retail Technology News From Across The Globe – Charged.
Ingenico, the payments acceptance solutions provider, has inked a deal with Swedish buy now, pay later (BNPL) firm Klarna. Klarna will utilise Ingenico’s cloud payments platform as a service tool… The post Ingenico partners with Klarna to offer in-store payment solutions appeared first on Latest Retail Technology News From Across The Globe – Charged.
Many UK retailers reported strong Christmas performances this week, with Tesco, M&S, Sainsbury’s and the discounters leading the way, albeit in part fuelled by inflation. In this article, we look at the key retail technology takeaways from an eventful five days of festive results. 1. Never underestimate the power of Click and Collect Marks and […]
Home improvement retailer Wickes has announced a tie up with buy now, pay later giant, Klarna in a sector first. The partnership will now provide customers with more payment options… The post Wickes ties up with BNPL giant Klarna appeared first on Latest Retail Technology News From Across The Globe – Charged.
The Atlantic has a piece about the growth of “buy now, pay later” programs – “from 2019 to 2021, the total value of buy-now, pay-later (or BNPL) loans originated in the United States grew more than 1,000 percent, from $2 billion to $24.2 billion. That’s still a small fraction of the amount charged to credit […]
Last year the e-commerce industry saw a wave of innovations and, as we begin 2023, a host of exciting new developments are on the horizon. According to British online marketplace OnBuy, current trends are dominated by the ‘conscious consumer’ – whose primary concern is savvy spending and making money go further. With 2023 slated as […]
While many point to the pandemic as the catalyst responsible for changing today’s retail customers, in reality, the “retail customer” has been evolving for some time. Over the past several decades, consumers’ lives have grown busier and more complex while also being offered more choices spanning retail and digital, and shoppers have come to expect […]
TikTok parent ByteDance has been enlisting the help of J.P. Morgan for payments technology for its push to expand into more than two dozen markets and rich millions more users.… The post TikTok enlists J.P. Morgan for fintech push appeared first on Latest Retail Technology News From Across The Globe – Charged.