According to All Things D, Walmart CEO Mike Duke has announced that the company’s eCommerce sales are expected to hit USD10bn this fiscal year. The comment was made at Walmart’s shareholder meeting last Friday.
Although this figure represents a small portion of overall sales – which totalled USD469bn in 2012 – the number has been boosted by the company’s purchase of Chinese online retailer Yihaodian. Initial eCommerce predictions were around the USD9bn mark.
The company’s acquisitions and strategic focus on eCommerce conveys the growing onus retailers are placing on this revenue channel.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.