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New Report: Helping Retail Treasurers Navigate The Digital D2C Shift

PYMNTS

PYMNTS’ latest research report, Mastering Multichannel Commerce Playbook: The New Retail Reality , in collaboration with Citi , examines these technological and consumer behavioral shifts and looks at three emerging channels: direct-to-consumer (D2C), subscription and digital business-to-business (B2B) commerce platforms. billion in 2020.

Retail 216
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Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Although the startup will be a wholly-owned Uber subsidiary, Careem will continue to operate under its own brand, the news outlet reported. Uber paid $3.1 billion to take ownership.

Regional 188
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Uber Launches Uber Works To Connect Workers To Gig Jobs

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Although the startup will be a wholly-owned Uber subsidiary, Careem will continue to operate under its own brand, the news outlet reported. Uber paid $3.1 billion to take ownership.

Chicago 139
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Why Does The Path To Retail Innovation Go Through So Many Labs?

PYMNTS

Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. Retailers and brands regularly announced their intention to up their game — and provide those treasured consumer experiences instead of mere transactions. Lab Changes.

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Jumia Stock Debut Signals Appeal Of African eCommerce

PYMNTS

It was a good day for Jumia Technologies on Friday (April 12) — and that’s a good signal about the future prospects of eCommerce in Africa, home to some 1.3 Founded in 2012, Jumia became the first African unicorn startup in 2016 after a $326 million funding round that included Goldman Sachs, AXA and MTN. billion, according to reports.

New York 209
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As Amazon Re-Enters High Fashion, New eChallenges Abound

PYMNTS

This isn’t Amazon’s first attempt at breaking into the luxury fashion market – the retail giant originally tried in 2012, but was not successful. Part of the problem is the eCommerce brand’s image. This sort of placement has kept many luxury fashion brands away, even though Amazon has promised to not discount their items.

Branding 137
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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers? Cybersecurity.