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Dan Schulman, PayPal CEO has said that mobile is going to “fundamentally redefine” the retail industry and change the way consumers think about the checkout. “Already, it’s starting to do that. It is blurring the distinction between online and offline. People used to think about e-commerce and in-store. Mobile erases those boundaries,” Schulman said at an [...]

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Walmart has agreed to buy India’s leading online retailer Flipkart, paying $16 billion for a controlling stake of 77 percent. Flipkart gives Walmart access to a market it has been trying to crack for years. The Arkansas-based retailer has been restricted by local regulations to operating wholesale outlets in the world’s fastest growing economy. “India [...]

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The electronic commerce revolution that is shifting sales from stores to laptops and smartphones could be on the verge of an evolution. Voice commerce, where shoppers ask Alexa, Siri, chatbots or other voice-driven speakers to order almost everything, is coming. Purchases made through devices such as Google Home and Amazon’s Echo are projected to leap from $2 billion [...]

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A group of Canadian retailers are pushing for lower credit card fees from major payment networks amid a long-standing battle over what they claim are inflated rates. The two largest credit card companies, Visa Canada and Mastercard Canada, charge businesses an average of 1.5 percent of their transactions with some interchange fees ranging to 2.5 [...]

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Retail companies could become the new face of everyday financial transactions post-PSD2. PSD2 requires banks to grant third-party providers – such as retail merchants – access to a consumer’s online account/payment services in a regulated and secure way, with the consumer’s consent. The goal is to drive increased competition, innovation and transparency across the European [...]

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