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Why JPMorgan Wants A Piece Of The SMB POS Market

PYMNTS

Those latter two firms have been in the in-store POS market for quite some time (Square, for example, since 2009). percent/30 cents per chip/swiped transaction, and higher for online payments. Morgan seems to be banking on speed as a selling point to gain traction with smaller firms. percent/10 cents and 2.9

Marketing 306
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Square Said To Mull Buy of Jay-Zā€™s TIDAL Music-Streaming Service

PYMNTS

Add in a drought of live performances due to coronavirus restrictions and health concerns and the market for digital content has exploded this year. Top-ranked Spotify is leading the space, with 286 million monthly active users ā€” half of which pay at least $99 per year for ad-free premium listening ā€” and a $62 billion market value.

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The Art Of Business In The Online Art Marketplace

PYMNTS

People thought no one would ever buy art online, sight-unseen. The art world has been one of the industries most resistant to change and to moving online,ā€ said Anna Carey, a spokeswoman for the online art marketplace Artsy , a global platform for discovering and collecting art. The market is headed in that online direction.ā€.

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Amazon Adds Driverless Car Maker Zoox To Its Portfolio For $1.2BĀ 

PYMNTS

Today, its market value is more than $30 billion. If it closes, the deal would represent Amazonā€™s second-biggest acquisition since the 2009 purchase of online shoe retailer Zappos for $1.2 But the industry faced challenges even before the pandemic, and Waymo is the only company to launch a true driverless service, FT reported.

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Keeping Online Counterfeits Off Luxury Marketplaces

PYMNTS

Sales of counterfeit goods, particularly on third-party sites that facilitate transactions between individual buyers and sellers, have skyrocketed with the advent of online shopping. Online Luxury and the Importance of Authentication. Millennials and Gen Z are driving the growth of the secondhand market and eCommerce, generally.

Online 118
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Reseller Market Maintains Momentum With Nordstromā€™s Entry

PYMNTS

While ā€œresellingā€ or ā€œsecondary marketā€ are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom has not yet launched its online intake program where customers will have the ability to mail in merchandise. We like the handle.

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China $1.1T eCommerce Market On Horizon

PYMNTS

While some Asian country economies may be slowing down, the health of the online retail markets across the continent is booming. That same report goes on to detail how these five Asian online economies have already outpaced the combined online retail markets in the U.S. trillion by 2020.

Marketing 100