article thumbnail

Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. The company now operates in the U.K.,

eCommerce 142
article thumbnail

IKEA Allows Consumers To Use Time As Currency

PYMNTS

IKEA Dubai is launching a campaign that will let shoppers use their time as currency by showing their Google Maps timeline to checkout workers to show how long it took them to travel to IKEA stores, Forbes reported. The “time currency” prices are reportedly based on the average salary in Dubai.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Today In Payments: China Drops GDP Target; Dubai Creating Free Trading eCommerce Zone

PYMNTS

In today’s top news, China has opted not to set any economy growth forecast amid the uncertainty caused by the pandemic, and Dubai is creating a free trade zone for eCommerce. Dubai Creating $870M Free Trading Zone For eCommerce. Comptroller of the Currency Joseph Otting will step down from his post on May 29.

article thumbnail

Walmart Forecasting A Big Finish For 2018

PYMNTS

As was the case in the previous quarter, eCommerce sales and grocery were big winners for Walmart, and same-store sales logged their 16th consecutive quarter of growth. Minus currency headwinds, revenue was $126.1 percent analysts were forecasting. Revenue was up 1.4 percent to $124.89 billion from $123.18

article thumbnail

PingPong On Connecting Chinese eCommerce, Outbound And Globally

PYMNTS

Some might think of eCommerce as a global force, where technology underpins transactions done 24/7, and where even the smallest businesses can see significant top-line gains as they tap new markets. Chinese companies have to work with banks and regulators, increasingly on a daily basis, as they pursue outbound eCommerce.

article thumbnail

Walmart Beats The Street, Talks Up eCommerce

PYMNTS

For the third quarter in a row Walmart has beaten analysts’ predictions on revenue and marked same-store sales increases (a difficult magic trick in retail these days) — and in Q3 the company also had some more than solid growth in eCommerce lines and on the global scene. forecast for the quarter. percent (excluding currency swings).

article thumbnail

Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings

PYMNTS

Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”. Even when consumers are going back to somewhat-normal activities like eating out at restaurants or shopping in grocery stores, the level of eCommerce penetration is still much, much higher than what we saw pre-COVID-19.