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Visa Partners With Go-Jek On Payments In Southeast Asia

PYMNTS

We both want to make everyday life more convenient, whether it’s how people move around town in Southeast Asia’s fast-growing urban areas, or making it easier for people to pay and be paid all over the world,” said Visa Regional President Asia Pacific Chris Clark. The company first expanded into Vietnam, then Thailand.

Payments 134
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eBay Seeks Buyer For Korean Division

PYMNTS

A newspaper in the region, The Korea Economic Daily, reported that eBay wants to sell 100 percent of its stake in the company, called eBay Korea. Lately, more competitors have emerged in the space, including the SoftBank-backed startup Coupang, which was founded in 2010 and commands the biggest share of the eCommerce market.

Regional 140
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Why L’Occitane Bought Elemis

PYMNTS

Earlier this week, Hong Kong-listed luxury cosmetics firm L’Occitane International SA announced its intended $900 million acquisition of British beauty and skincare brand Elemis. The deal is the latest in a spate of acquisitions of high-end skincare brands. billion), while Unilever snapped up Carver Korea Co. billion euros ($2.5

Branding 123
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CPG Brands Tackle The Sharing Economy

CB Insights

Investors have poured billions of dollars into the so-called sharing economy since 2010. US mall vacancies are at 7-year highs, regional grocery chains have faltered, and e-commerce makes people less likely to go out of their way to visit centralized shopping locations. get the 69-page disrupting cpg report.

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Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

Merchants pay payment processing fees and banks pay for permission to issue cards stamped with providers’ brands, but the network over which payments are ultimately sent lies with individual merchants. Debit cards secured with PINs came into wide use in the 1990s, and regional card networks often processed such payments at the time.

Cards 141
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Digitally-Native Retailers Are Turning To Brick-And-Mortar Stores

PYMNTS

For thredUP’s brick-and-mortar stores, the inventory is designed to match regional tastes and, when shoppers visit fitting rooms, they can turn to an iPad for recommendations. After Warby Parker was founded online in 2010, the retailer pioneered the strategy of eCommerce retailers by opening brick-and-mortar stores. Pop-Up Shops.

Retail 103
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Why A Former Walmart Exec Jumped In With Drizly

PYMNTS

Surely, various new outlets speculated, this latest move by Amazon would only spell certain doom and gloom for anyone not operating at the eCommerce giant’s scale. operations from 2010 to 2014, joined Drizly’s board of directors earlier this week. Bill Simon, who served as chief executive officer of Walmart’s U.S.

Retail 108