Twitter has entered into a partnership with Shopify to offer its Buy button to a much bigger consumer base, according to reports.

Alibaba will invest approximately RMB28.3 billion ($4.63 billion) for a 19.99 per cent stake in Suning, a consumer electronics retail chain in China. After the closing of the investment in Suning, Alibaba will be the second-largest shareholder in the company.

The bitcoin payment processor BitPay has signed deals with payment companies such as Payfirma, Sonic Payments, BillPro, Kadu and OpenPay, which in total serve over 100 countries over three continents.

Rumours are circulating that Facebook is set to launch an e-commerce festival in India, a move that would pit the social media powerhouse up against Google India.

According to The Nilson Report, fraud losses incurred by banks and merchants on all credit, debit, and prepaid cards reached $16.31 billion last year when global card volume totaled $28.844 trillion.

American credit card holders do not keep their financial details in order, with 40 per cent of cardholders unaware of how much credit card debt they owe, a LendingTree survey has uncovered.