APAC E-commerce News

Related Digital Commerce Industry News

• May 2023: Revel Systems, the premier cloud point of sale (POS) and comprehensive business management platform is excited to announce a partnership with IPORT to offer its best-in-class products to restaurants and retailers. IPORT's stands and enclosures for Apple iPads streamline networking, charging, tablet protection, and presentation
• February 2023: NPN and Oddle's Partnership is Revolutionizing Restaurant Payment. Together, they are simplifying the point-of-purchase experience for restaurants and empowering them to grow their businesses. With their shared focus on providing cutting-edge hardware and software solutions, NPN and Oddle are transforming how restaurants process payments. By leveraging SUNMI Android payment hardware and stripe payment processing, they deliver a seamless and secure payment experience for restaurants and their customers.

• May 2023: CaixaBank announced the launch of a new app that allows contactless payments via Android devices in Spain. With the application launch, the bank has become the first Spanish bank that allows the service, which negates the need for a supplementary device.
• January 2022: Ayden V. discovered an all-in-one mobile POS terminal containing the Android OS in the United Kingdom, United States, and European Union. One of the major advantages of utilizing this device is that it does not require barcodes or separate cash registers to conduct financial transactions, which can expand the efficiency of a company.
• October 2022: German finance and technology firm Unzer launched a new mobile POS system meant for SMEs. The new product is called POS Go, which will enable merchants to take cashless or digital payments anywhere and the product also comes bundled with beneficial features such as digital receipt storage and accounting, in addition to real-time sales analysis.

• July 2022: Grasim, an Aditya Birla Group company, announced plans to launch a business-to-business (B2B) e-commerce platform for the building materials segment with an INR 2,000 crore investment over the next five years. The platform will target micro, small, and medium-sized enterprises (MSMEs) in the building materials sector.
• April 2022: The Indian government established the Open Network for Digital Commerce (ONDC), a domestically developed open-source e-commerce platform. The plan aims to onboard 30 million sellers and 10 million merchants online by August 2022, covering at least 100 cities and towns. Retailers and venture capital firms have supported ONDC. Public and private banks have invested USD 33.26 million in the platform.

• May 2022: Trendyol, a Turkish e-commerce platform, is expanded into Germany. It is Trendyol's first market outside of Turkey and its entry into Europe. The platform also intends to launch in the Netherlands, Luxembourg, and London by the end of the year.
• May 2022: Inditex, Spain's largest clothing retailer, now charges a flat fee for online returns. This change is being implemented in 30 countries by the owner of Zara, Pull & Bear, and Bershka. It wishes to encourage customers to return items purchased in physical stores.

• February 2023: According to Eurostat, In 2022, 91% of EU citizens aged 16 to 74 had accessed the internet, with 75% purchasing or ordering products or services for personal use. The proportion of e-shoppers increased by 20 percentage points (pp) from 55% in 2012 to 75% in 2022. The highest shares of internet users who ordered goods or services or bought over the internet in 2022 were recorded in the Netherlands (92%)
• September 2022: DHL signed an agreement to acquire a majority investment in Dutch e-commerce specialist Monta to establish a solid collaboration and expand Monta's e-fulfillment services internationally, particularly for small and medium-sized webshops.

• May 2023: Motorola Solutions announced the launch of its advanced V700 body camera with mobile broadband capabilities to give public safety agencies another critical source of real-time field intelligence and collaboration. Critical evidence might be recovered after an incident even if a recording was not initiated through the Record-After-The-Fact feature. AI may be applied during evidence analysis to transcribe footage for a clear record of events.
• April 2023: Axon Enterprise Inc. announced the launch of an advanced body-worn camera (BWC), the Axon Body 4 (AB4). The product is a communications beacon that enables law enforcement to live stream their situations intuitively.

• May 2023 - Etoro announced the launch of InsuranceWorld, a portfolio offering retail investors long-term exposure to the insurance sector. InsuranceWorld is a new addition to eToro's existing offering of portfolios, which already provides exposure to traditional financial sectors, such as private equity, big banks, and real estate trusts.
• April 2023 - Twitter, a US-based company, partnered with the cryptocurrency exchange eToro to allow users to trade stocks, cryptocurrencies, and other assets on the social network's platform by using the online platform services offered by eToro, which would generate new revenue streams for the market vendors.

• April 2023: PayPal Holdings, Inc announced the addition of its New Features to Its Complete Payments Solution for small businesses. PayPal will also give small businesses access to four new features to help them drive payment acceptance and enhance how they run their business. This will include Apple Pay as a checkout option2, the ability for customers to save payment methods with the PayPal vault for faster future checkout, and a real-time account updater to help customers keep their payment methods up to date.
• February 2023: Fawry provided FawryPay reference code service to My Fatoorah customers and merchants in the Egyptian market as increasing demand in the Egyptian market among users towards electronic payment solutions and options, where Fatoorah offers a wide range of electronic payment solutions at the regional level, which in turn are expected to enrich the payments market with many advanced services and technologies in terms of digital payment solutions.

• April 2023: TMON announced that the company would open a 'Sports & Leisure Special Hall" and introduce popular sports and outdoor items at exceptional prices. An additional 8% discount was also available when paying with Kakao Pay. This is expected to help athletic people stretch in warm spring weather.
• February 2023: JD.com, Inc. announced this week that it launched "ChatJD," an industrial version of ChatGPT focused on the vertical industrial fields of retail and finance. The industrial ChatJD will likely roll out through one platform, two areas, and five applications. It is expected to build a human-computer dialogue platform that understands and generates tasks in natural language processing, with parameters estimated to total hundreds of billions.

• February 2023: Baiduri Bank, Brunei's leading financial services provider, partnered with Singapore-based AI FinTech Finbots.AI to modernize its credit risk management capabilities. Through this partnership, creditX, a finbots' cloud-based artificial intelligence credit modeling tool, can be used by the bank for credit scoring, optimizing the credit-decision process, resulting in increased operational efficiency.
• September 2022: Asian Development Bank's (ADB) investment and credit risk management policies, methods, tools, systems, and structure were evaluated to determine their applicability and effectiveness. To attain ADB's Strategy 2030 and broader development goals, the bank examined how risk management initiatives have been developed and performed to support PSOD's (Private Sector Operations Department) aims.