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Nov 17 Payments NEXT newsletter: Amazon HQ, Walmart driverless deliveries, FAO Schwarz reopens, 2019 payments trends, more... |
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Welcome to the Payments NEXT newsletter as we get closer to the start of the holiday shopping season. It was a $30.8 billion Ali Baba Singles Day sales record on Monday. IoT payments are predicted to reach $410 billion by 2023, according to Juniper Research. In Miami, Walmart and Ford are test driving a driverless vehicle grocery delivery program. Our weekly roundup adds much more payments news for your reading pleasure.
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Alibaba’s Singles Day makes double-digit record sales of $30.8 billion
Another year, another Alibaba’s Singles Day sales record with sales reaching $30.8 billion (RMB 213.5 billion), up 27% for the one-day e-commerce extravaganza. Last year, sales were $25.3 billion for the promotion, also known as Alibaba’s 11.11 Global Shopping Festival. The company said it handled more than one billion orders through its fulfillment network, Cainiao Smart Logistic. In 2017, it handled 812 million orders. Read more... |
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IoT payments a novelty now but will reach $410 billion by 2023
Internet of Things (IoT) payments will total an estimated $24.5 billion in 2018 but Juniper Research predicts the IoT payments market will grow at an impressive average of 75% per annum over the next 5 years, reaching $410 billion by 2023. A large portion of that future growth will come from in-vehicle payments, according to the report. Read more…
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Walmart & Ford test driverless deliveries in Miami
Shopping at Walmart got even easier if you live in Miami, thanks to a collaboration between Walmart, Ford and delivery service Postmates. The new test drive lets customers shop for groceries online, have their order picked and packaged by Walmart’s personal shoppers and delivered in a driverless delivery vehicle. Read more... |
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Cequence protects from internet’s 31% malicious bot traffic
Cequence Security announced an innovative application security platform that protects against the growing number of malicious bot attacks impacting online businesses. An estimated 31% of internet traffic is now made up of malicious bots with another 31% of traffic made up by “good” bots and 38.5% by humans according to ITLC. Read more... |
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Payments NEXT – Nov 16: Global payments news roundup
It’s a week from Black Friday, but the Black Friday ads are already running in full force. To help you get through the weekend while you shop online, we’ve got our popular Friday global payments news roundup ready for your weekend reading. Included is news on Amazon’s HQ choice, Walmart jumps into third place in e-commerce sales, FAO Schwarz’s new flagship NYC store, 2019 payments trends, and Nordstrom credit card challenges. All that and much more for your weekend payments industry news reading. Read more… |
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