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PayPal has agreed to invest $750 million in MercadoLibre as part of a $1.85 billion equity offering designed to help the Argentinian e-commerce firm cement its position as the Amazon of Latin America. 
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The Mexican central bank is in talks with Amazon about support for a new government-backed QR code-based mobile payments service, according to Reuters.
Vineet Anand's insight:
MercadoLibre and Amazon in talks with central bank to adopt QR based mobile payments.
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The bill would make New Jersey the second state to prohibit retailers from refusing to accept cash and the first since 1978.
Vineet Anand's insight:
NJ bill advancing towards cashless store ban to allow cash only customers have a choice of purchase. The bill has some merit and as more mobile, neo-banking channels emerge - access to a certain segment of population is still limited. Offering choice brings in inclusion!
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Vineet Anand's insight:
Marketplace sellers to receive funds from Amazon using Payoneer's cross-border platform using bank account withdrawal or using Payoneer MasterCard.
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Finextra: Amazon is getting out the crowded mPOS market, shutting down its Register service little more than a year after launch.
Vineet Anand's insight:
Amazon pulls the plug off dongle service Register for a shutdown planned of Feb 2016.
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Shopify Inc. said Thursday it had struck a deal with Amazon.com Inc. to allow third-party sellers currently using the Amazon Webstore to migrate their businesses to a Shopify account with no business interruption.
Vineet Anand's insight:
Shopify and Amazon agreement allows users to move accounts to Shopify without business interruption. In addition, listings on Shopify to reflect in Amazon store and offer Pay with Amazon, FBA capabilities! Big win for Shopify.
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Finextra: Amazon has led a $60 million funding round in Indian financial services marketplace BankBazaar.
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Finextra: Amazon is bringing its business loan programme to eight new countries, including China, India and the UK, according to Reuters.
Vineet Anand's insight:
Amazon lending program extends to eight new countries including India, China, UK!
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Staples is trying to reverse business disruption triggered by ecommerce giant Amazon.com Inc. with digital technologies such as custom software and analytics, which CIO Tom Conophy calls the "amino acid of the tech ecosystem."
Vineet Anand's insight:
Staples feeling the heat from Amazon is investing heavily into data, dynamic pricing, and eCommerce! A Target like strategy to boost bricks & clicks.
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Chinese e-commerce powerhouse Alibaba Group is set to invest in Jet.com, a yet-to-launch online retailer that hopes to challenge Amazon.com, multiple sources confirmed to FORBES. It is unclear whether the investment has already closed and details of the deal were not disclosed.
Vineet Anand's insight:
Lore's funding round for Jet included Alibaba! Alibaba has invested in Snapchat, Lyft, ShopRunner and business lending services in addition to its 11Main marketplace. Is eBay spinoff another asset for Alibaba to purchase in US?
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Amazon has launched a new marketplace that caters to the business community, and it's got a name that's easy to remember: Amazon Business. The section on
Vineet Anand's insight:
Amazon's venture into B2B marketplace!
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Richemont SA confirmed it will merge Net-a-Porter with Italian rival Yoox SpA in a deal that will create the Yoox Net-a-Porter Group, trading on the Italian Stock Exchange.
Vineet Anand's insight:
The rumors of Net-a-Porter being acquired by Amazon for $2.2 billion will end. NAP is a good asset for Amazon to venture into high-end retail vertical. Maybe there is an opportunity to execute a strategic investment by Amazon in the new merger!
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Online retail giant Amazon is working on an Apple Watch version of its mobile shopping app for wearable devices, according to TechCrunch. Officially, Amazon
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Google plans to push deeper into online commerce by enhancing its Google Shopping service with features such as a ‘buy now’ button that more directly challenge Amazon.com.
Vineet Anand's insight:
Google Buy, Google Plaso .. will these products be enough to keep Google as a preferred search and/or Android payment option for products on mobile! With FB and Twitter 'Buy' buttons, Google does braces a bigger challenge than just Amazon.
Vineet Anand's curator insight,
February 24, 2015 11:12 AM
Google Buy, Google Plaso .. will these products be enough to keep Google as a preferred search and/or Android payment option for products on mobile! With FB and Twitter 'Buy' buttons, Google does braces a bigger challenge than just Amazon. |
Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Paypal invests $750 million in MercardoLibre Argentina as part of its spending spree of $3 billion per annum, Soon PP will have mastered the art of integration and building services through acquisitions.Â