Ecommerce

Deliveroo food marketplace gig economy

Deliveroo is launching a new service, Marketplace+ allowing restaurants with their own riders to join the food delivery service. The company predicts this will add an extra 6,000 restaurants to the platform before 2019. At the moment there are close to 6,000 restaurants on Deliveroo with the prediction bringing the

National Australia Bank is investing an additional $50 million in its corporate venture capital fund NAB Ventures, taking the total fund to $100 million until 2020. Todd Forest managing director at NAB Ventures said the company is doubling down on backing innovative third-party companies that can bring desired assets to

transfer, money, payments, financial services

Most credit card fraud takes place online or over the phone. It’s not the cards that are stolen, but the details. The Australian Payments Network finds they are used to amass 85 per cent of the money stolen using Australian credit cards, without the need to steal the cards themselves.

Package delivery, Amazon, ecommerce, Prime

Retail technology platform Neto is hoping to break into the US ecommerce market, announcing plans to open an office in Denver this year. The Brisbane-based company provides a software platform for ecommerce, point of sale, inventory and fulfilment management for small-to-medium sized retailers. The entire platform was recently migrated to

Mobile payment, eftpos, financial services, smartphone

Australian business-only bank Tyro has signed a deal with Alipay becoming the first bank down under to offer all-in-one EFTPOS solutions for the Chinese company. The partnership will allow more than 20,000 businesses using Tyro’s solution to accept payments via the popular Chinese app. Tyro says it is working with

Last year Australians received an average of 34 parcels each, with growth in volume and revenue driven by strong ecommerce sales. According to The Pitney Bowes Parcel Shipping Index released today, parcel shipping generated AU$9.2 billion in revenue last year, an increase of 6.2 per cent over 2016. While parcel

Alibaba Group’s revenue grew 61 per cent for the June Quarter, year-on-year, on the back of strong growth in cloud computing, digital media and innovation activities, according to financial results released today.  The revenue growth is better than expected but quarterly income fell short, plummeting more than 40 per cent

Signage for E Commerce, Australia Post

Strong ecommerce sales have helped boost Australia Post’s profit by 41 per cent to $134 million, as the national carrier transforms its business to focus on parcel delivery. Australia Post today announced a full-year profit after tax of $134 million, up 41 per cent on FY17. Sign up for Which-50’s

Commonwealth bank of Australia

The World Bank has raised A$110 million to launch the world’s first bond created and managed via blockchain. CommBank is the sole arranger of Bond-i (Blockchain Offered New Debt Instrument), a bond created, allocated, transferred and managed through its life cycle using distributed ledger, on behalf of its client the

The use of mobile devices to make retail and store payments will act as a driver for financial inclusion of the unbanked in emerging markets, according to a new study from Juniper Research. The research forecasts that mobile merchant transactions by unbanked individuals will grow from 1.8 billion per annum