BUSINESS - itbusinessdirect

Online Retailers Sales see Their New Highest Growth on Record in April

June 9, 2020September 23, 2024 Becky

Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the baseline period in early March before shelter-in-place restrictions went into effect. Online grocery helped drive the increase in sales, with a 110% boost in daily sales between March and April. Meanwhile, electronic sales were up 58% and book sales have doubled. The data comes from Adobe’s index of the digital economy, which analyzes more…

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New: COVID-19 is Transforming E-Commerce Globally

June 4, 2020September 23, 2024 Becky

Just over 306 million Americans are affected by stay-at-home orders, nearly 95% of the U.S. population. COVID-19 will forever change retailing, and its initial impact on e-Commerce is creating challenges to online selling & service no one imagined in January. The following graphic from COVID-19 Commerce Insight, an Emarsys initiative in cooperation with GoodData show how year-over-year revenue growth comparing the last seven days to the same period last year: Mobile devices are the most popular device for online shopping by a wide margin. 72% of consumers are using mobile…

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Mobile banking dominance may slow down due to new digital lending apps

March 13, 2020September 24, 2024 Becky

The growing dominance of mobile banking may slow down amid low employment rates and high costs of living which have pushed more Kenyans to rely on digital lending apps to make ends meet, a new report shows. The report by Egyptian investment bank, EFG Hermes, said the surge in digital lending apps has been witnessed over the years as more Kenyans sought to supplement their incomes following a spiral in the cost of living. This is likely to threaten the mobile banking revolution. While more mobile banking and digital loan…

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Kaspersky partners with Arctic Security

February 28, 2020September 24, 2024 Becky

Kaspersky has announced a new partnership with Arctic Security. Through this collaboration, Kaspersky Threat Data Feeds will be available out-of-the-box, on Arctic Security’s Arctic Hub platform. These feeds will help organisations with Security Operation Centers, as well as managed security service and internet service providers, to obtain the most up-to-date and relevant information about cyberthreats. Not all information about cyberthreats is helpful. For instance, 37% of information security executives say that there’s too much security data to deal with and not very much of it is actionable – as revealed by…

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Kenyan Industries New Partnership with Distributed Power Africa

February 28, 2020September 24, 2024 Becky

Kenyan industries are set to benefit by saving a minimum of 30% on their current cost grid consumption following a partnership between Distributed Power Africa (DPA) and Canadian Solar company. Currently, Kenyan companies lose nearly 10% of their production because of power outages and fluctuations. The deal is expected to help DPA provide top tier PV panels from the company that is estimated to be over 60,000 KuMax and KiKu which would quite easily construct 50 large industrial solar plants. The PV panels will be made available to DPA customers…

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Glovo Launches a New Technical Center

February 25, 2020September 17, 2024 Becky

Glovo, a technology company that links motorcycle riders to consumers wishing to buy and deliver products, has launched a new technical center in a bid to enhance its service levels to consumers and riders. The new facility dubbed “Glover Center” and a 2nd new Glovo operations facility in Westlands are set to create 75 operations jobs directly and help to improve the efficiency of service for Glovo customers and riders. Glovo can now provide faster and localized rider and customer support, and in turn faster deliveries. The move signals Glovo’s commitment…

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Samsung New partnership with Safaricom and M-kopa

February 18, 2020September 25, 2024 Becky

Technology firm Samsung has partnered with Safaricom and M-Kopa to roll out a Pay-As-You-Go mobile phone solution in Kenya. This initiative is described as a world first mobile security solution enabling carriers, financial partners and retailers running installment plans to remotely manage Samsung devices. The initiative will leverage the benefits of Safaricom’s fast 4G data network and service in Kenya. Essentially, the pay-as-you-go initiative will enable carriers and dealers to expand their current customer base with lower upfront fees and interest rates. It offers customers the opportunity to access a…

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MTN Rwanda new announcement of phasing out physical airtime

February 14, 2020September 25, 2024 Becky

MTN Rwanda has announced that it will phase out the sale and distribution of physical airtime vouchers as of February 15th, 2020. Airtime will only be purchased and loaded through MTN’s digital Electronic Recharge Service (ERS) or MTN Mobile Money (MoMo). This is in their quest to continue to lead the digital agenda for a brighter Rwanda and more importantly contribute to the country’s green growth. Speaking about this decision to go wholly digital, MTN’s Chief Sales and Distribution Officer, Mr Norman Munyampundu said, “MTN Rwanda is set to deliver…

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A new Kibanda Online: Grocery shopping made easier

January 28, 2020September 25, 2024 Becky

A new online platform, “Kibanda Online” has now made buying groceries a task that can be done at the comfort of your home. The platform is a departure from many online shops whether on Instagram, Facebook or websites which mainly trade on home appliances, cosmetics and clothes. The platform is the brainchild of 29-year-old Laurriette Rota. ‘Kibanda’ is a Swahili word meaning stall. Ms Rota says the idea initially was to help deliver groceries and other items needed regularly by the sick, elderly and physically challenged people who have a…

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