Search Results for: online shopping

Sources Intimate that Rocket Internet is preparing a Jumia IPO

Dianne Jacobs
Banking Crisis

Reuters sources have intimated that German start-up investor Rocket Internet (RKET.DE) is preparing its African online shopping platform Jumia for a possible New York listing in the first quarter of 2019 which could value the firm at about $1 billion. Citi (C.N), Morgan Stanley (MS.N) and Berenberg are coordinating the IPO, the sources said. Shares worth up to $250 million may be sold, one of the sources said, adding that no final decision about the timing or metrics of the deal had yet been taken. The investor and the banks…

Globaldata: Artificial Intelligence (AI) more crucial for IoT than Big Data insights

Artificial intelligence won’t solve every problem, but its current applications are already fundamentally reshaping the way we do business and collect data. While the development of the internet of things has revolutionized heavy industry, online shopping, localized data collection and virtually every other aspect of modern life and business, innovators are still struggling over the future of the IoT, and how they’ll get there. While many see big data as the driving engine behind the IoT, savvy investors and entrepreneurs have shown that the real power behind the interconnectivity phenomenon…

The Growth of Artificial Intelligence in eCommerce

Dianne Jacobs
Artificial Intelligence

Artificial Intelligence (AI) is improving the online shopping experience for consumers and retailers. From creating personalized shopping experiences to offering virtual buying assistants. Whether it is something you have come across or have been monitoring for a while, there’s no denying that AI has alot of influence in many industries. Shoppers will be able to easily find the best price for an item and communicate with chatbots for quick customer service. For retailers, they’ll be able to better analyze consumer data to predict future buying patterns, create autonomous replenishing systems and also save money…

Data Could Be the Next Tech Hot Button for Regulators

Dianne Jacobs
Data

Wealth and influence in the technology business have always been about gaining the upper hand in software or the machines that software ran on. As government regulators dig into this new era of data competition, they may find that standard antitrust arguments are not so easy to make. Using more and more data to improve a service for users and more accurately target ads for merchants is a clear benefit, for example. And higher prices for consumers are not present with free internet services. According to the New York Times,…

Kaymu Survey shows that youth are driving e-commerce

Staff Writer

People between 25 and 34 years shop the most from the local e-commerce sites, a recent study found. The 35-44 and 18-24 age brackets take up the second and third places, according to the study by Kaymu Bangladesh. “In Bangladesh, e-commerce is growing faster and we hope this market will find a strong position in world perspective also after USA, China and India,” said Quazi Zulquarnain, Kaymu Bangladesh’s deputy managing director. This segment of trade will grow faster once all parts of the country come under 3G coverage and the…

Top 10 CEOs Innovating the African Tech Industry

Staff Writer
DPA

African Tech 10. Alpesh Patel, Oju Africa Created in 2012, Oju Africa is part of Mi-Group International and is the first African-centric Emoticon provider. Running the show is Apesh Patel who has set his sights high in trying to bring Apple on board to diversify its range of emoticons; the word ‘Oju’ literally meaning ‘faces’ in the Yoruba language from its native Nigeria. 9. Barbara Mallinson, Obami Voted as one of the top young people to take to lunch, Barbara Mallinson has been labelled as one of the most refreshing…

Tips to Protect eCommerce Website Availability and Security During the Holidays

Staff Writer

With the holiday shopping season quickly approaching, Internet retailers are gearing up for an onslaught of Web traffic — which is great, as long as they have the right measures in place to keep their customers safe and satisfied. Even one hour of downtime due to a website outage or a malicious attack can have significant impact on a retailer’s reputation and revenue, especially during the holidays, a time which the National Retail Federation says can add up to 40 percent of an online retailer’s annual revenue. With some large…

Safaricom and Visa launch M-Pesa Global Pay Visa Virtual Card

Editor

Safaricom and Visa launch M-Pesa Global Pay Visa Virtual Card Safaricom has entered an agreement with Visa to form M-Pesa GlobalPay Visa Virtual card which will see the mobile phone-based money transfer service transact in 200 countries. This will allow customers to transact up to Sh150,000 ($1,28370) per payment and Sh300,000 ($2,567.3) per day. The deal is expected to shore Safaricom’s earnings from the mobile money services at a time M-Pesa revenues have been growing steadily. “By partnering with Visa to provide the M-Pesa GlobalPay Visa virtual card, we are…

‘Buy on Google’ is now running commission-free

olivia Craig
Buy on Google ,Commission feesgoogle waive

‘Buy on Google’ is now running commission-free Google is making it free for retailers to sell products in search results by waiving Commission fees for sales made via the ‘Buy on Google’ option. ‘Buy on Google’ is a payment option that lets customers buy products without leaving Google search results. The option to buy products directly on Google is made available to customers when they click on shopping listings in search results. Like other online payment providers, Google has always charged a commission fee for sales made through its platform.…

Opinion: Factors that will likely shape ecommerce in the second half of 2020

Editor
COVID 19 Read consumer

As we enter the second half of 2020, Dan Barker examines the key trends that are set to shape ecommerce, and how retailers can respond to them. The first half of 2020 has been eventful for ecommerce. Of course technical innovation has progressed: Shopify launched a marketplace, Google relaunched organic product listings, Facebook introduced ‘shops’, and thousands of other changes. But much of the first half of 2020 was shaped by a disease named after 2019. The effects of ‘SARS2’ on ecommerce are tough to overstate. Tens of thousands of…