Banque marocaine pour le commerce et l'industrie (BMCI - Moroccan subsidiary of the French bank BNP Paribas), has teamed up with KIFAL Auto (Autochek Group Maroc), an online marketplace that is transforming the experience of buying and selling used cars in The Middle East and North Africa, to enable easier access to financing for used car purchases in Morocco.
With a large addressable market, growing online shopper base, and increasingly digitised MSMEs, online marketplaces in India contribute more than $100 billion in gross merchandise value (GMV), with business-to-customer (B2C) e-commerce marketplaces being the single largest segment, contributing $50 billion. Over the next five years, the marketplaces sector is expected to more than triple, to reach $350 billion in gross merchandise value (GMV).
Amid a gloomy economic outlook, 80% of Australian small businesses are forecasting online sales growth in the next 12 months, according to Sendle’s 2022 Small Business Survey. The annual survey from Australia’s first 100% carbon neutral parcel delivery service, Sendle, surveyed over 900 SMBs in Australia on their expectations and sentiments for 2023.
Newly established entity, 4YOU Innovation announced its launch to market following the strategic acquisition of last mile delivery provider, Drive Yello and order ahead platform, Hey You. An unlisted public company, 4You Innovation brings together the two businesses with a united goal of helping retailers meet the ever-increasing consumer demand for convenience.
Global Savings Group (GSG) and Pepper.com (Pepper) have signed a deal to join forces, combining the largest shopping community with Europe’s shopping recommendation and rewards company. The transaction marks the biggest deal in the industry in 2022 and creates a European Champion with a global footprint. GSG and Pepper will form a multinational tech firm empowering shoppers in over 20 markets to make more confident shopping decisions.
E-commerce fraud protection firm, ClearSale, has been honored with an award from National Online Retailers Association (NORA). Named the Best Security/Anti-Fraud solution at the 4th Annual NORA Solution Partner Awards. The awards bring together members of the retail ecosystem and celebrate the achievements of solution partners in the industry. Once nominated, awards are chosen by votes cast by retailers and the NORA advisory council.
E-commerce is expected to grow 96% between 2021-2025 in India, reaching $120 billion in transaction value. With that growth comes delivery complexity, particularly for big and bulky deliveries such as furniture and other oversized home items. Pepperfry, the e-commerce home goods organisation that is headquartered in Mumbai, India, is working with FarEye to simplify last-mile delivery, particularly for oversized deliveries requiring installation.
A busy holiday shopping season is projected, with eCommerce transactions expected to rise 15% from October through December 2022, according to data analysis from millions of eCommerce transactions conducted by ACI Worldwide, a global provider of real-time digital payments software. The predictions reflect that consumer optimism is holding strong, despite inflation and limited inventory, and beat last year’s predictions for the same period (14%).
US martech giant, Wunderkind, a performance marketing engine that powers personalisation at scale for online brands and retailers, announced its launch in Australia, establishing its Asia Pacific (APAC) headquarters in Sydney to support its expansion across the region.
Retailers are facing a tough peak season in Q4 this year. With millions of consumers around the world struggling to pay bills and heat their homes in the northern hemisphere, festive shopping may not be the frenzy it normally is. In fact, one survey says approximately four out of ten households are concerned about spending this time of year. Meanwhile, McKinsey has found that increasing prices are the number-one worry for 58% of European consumers.