1299 articles
PaidBy and Mastercard have formed a strategic partnership to address the fragmentation of cross-border payments. The solution allows consumers to pay directly from bank accounts and supports merchants in settling in local currencies, significantly reducing payment costs and settlement complexity for cross-border e-commerce.
Singapore payment service provider AXS has signed a memorandum of understanding with NTT DATA Japan to integrate bill payment networks of the two countries. This move will provide a more convenient billing payment experience for cross-border users in Southeast Asia and further promote regional digital payment integration.
Pinterest has signed a long-term cloud services agreement worth $4 billion with AWS and will utilize Amazon's custom chips and AI infrastructure to accelerate the development of its visual search and AI advertising suite to better compete with platforms like TikTok.
Bank of America plans to launch cross-border real-time payment services, enabling corporate clients to conduct instant fund transfers through the Swift or CashPro platforms. This service aims to enhance the transparency and speed of cross-border transactions, reducing operational complexity and positively impacting cash flow and supply chain payments for cross-border e-commerce sellers.
Mastercard has formed a strategic partnership with payment platform PaidBy to promote cross-border account-to-account (A2A) payments using open banking technology. This cooperation aims to simplify cross-border transaction processes, allow consumers to pay directly in their local currency, and help merchants achieve more efficient settlement and reconciliation.
Amazon officially announces that Prime Day 2026 will take place from June 23 to June 26 for four days. This promotion covers over 35 categories including electronics and home goods, emphasizing the core role of AI shopping assistants (Rufus/Alexa) in product recommendations and search functionalities.
TikTok plans to establish a local legal entity in Vietnam to enhance data management capabilities and streamline compliance processes. This move marks TikTok's deep transformation from a cross-border model to localized operations in Southeast Asia to meet growing regulatory requirements.
Amazon has announced that its annual summer sale, Prime Day, will take place in late June. The four-day event will span 23 countries and aims to test consumers' purchasing power through an earlier promotional cadence. The platform will use Alexa AI technology for personalized recommendations, with a focus on discounts for groceries and essential items.
Nan'an City, in collaboration with the Shenzhen Bailu Association, organized a visit for 20 billion-dollar cross-border sellers to the industrial belt, aiming to promote the deep integration of the supply chain and cross-border e-commerce. By building a product selection center, Nan'an is accelerating the global market push for its advantageous industrial products.
Walmart announced at its annual shareholders meeting that the company has officially completed its leadership transition, with John Furner appointed as CEO. Financial data shows Walmart performed strongly in the 2026 fiscal year, with revenue surpassing $713 billion and global e-commerce business growing significantly by 24%. The company emphasized its commitment to advancing AI technology and omnichannel retail to address increasing market competition.
Amazon officially confirms that this year's Prime Day will start on June 23 and last for four days. With the AI shopping assistant Rufus becoming the core driver of product discovery, the platform recommends that sellers optimize their listings early, as AI indexing of content takes time. Adjustments close to the event may not yield traffic exposure.
Amazon officially announces this year's Prime Day will start on June 23 and last for four days. Compared to previous years, the event is earlier this year, and the AI shopping assistant has become a core driver for product discovery. Sellers must optimize listings and promotional setups within the next three weeks.
Walmart announced John Furner officially takes over as CEO during the annual shareholders meeting. The company's financial report shows its global e-commerce business performed strongly, with a growth of 24%, and total revenue exceeding $713 billion. Walmart explicitly states it will continue to increase investments in AI technology to strengthen its global omnichannel retail position.
Pinterest has signed a long-term cloud services agreement worth $4 billion with Amazon AWS. Pinterest will leverage AWS's custom chips and AI infrastructure to speed up enhancements to its ad suite and personalized search features to compete against platforms like TikTok.
Walmart completed its leadership transition at the annual shareholders meeting, with John Furner officially taking over as CEO. Former CEO Doug McMillon will serve as a consulting advisor over the next year to assist with the transition. This personnel change marks an adjustment in Walmart's management during a strategic transition in retail.
Bank of America has announced it will launch a cross-border real-time payment service next quarter, aiming to provide corporate clients with a faster, transparent, and lower-cost solution for funds movement across borders. The service will support high-frequency, low-value B2C payments, catering specifically to the needs of cross-border e-commerce sellers and gig economy payments.
PaidBy has announced a strategic partnership with Mastercard aimed at promoting the global adoption of cross-border account-to-account (A2A) payments through open banking technology. This partnership will allow consumers to pay using local currencies while providing merchants with simplified cross-border settlement and reconciliation services.
Bank of America announced that it will launch a cross-border real-time payment solution in the next quarter, supporting the Swift and CashPro platforms, aimed at providing more transparent and low-cost financial settlement services for high-frequency cross-border payments, such as those used by e-commerce sellers.
Walmart announced that its drone delivery service has completed over 1 million deliveries, with an average delivery time of just 23 minutes. Walmart now has the capacity to provide 30-minute expedited delivery to 60% of U.S. households.
TikTok plans to invest nearly $5 billion in Vietnam and strengthen data management and compliance by establishing a local legal entity. This move highlights TikTok's transition from a cross-border model to local operations to further consolidate its leading position in the Vietnamese e-commerce market.