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The Race For Online Grocery Shopping Heats Up

PYMNTS

The first big move was the introduction this month of an online marketplace to enhance the popular Kroger Ship service and widely expand the digital assortment of private-label products that Kroger has on offer. Kroger is quietly implementing some digital enhancements it’s been building in the background for the past three years.

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Ahold Delhaize Bolsters Investment In eCommerce

PYMNTS

As COVID-19 leads more customers to purchase groceries through the web, Stop & Shop owner Ahold Delhaize NV is putting more resources toward online shopping operations. The company opted to speed up the expansion of its eCommerce channels and connect online shopping with physical retail due to COVID-19, Knight said in the report.

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Yandex, The Russian Google, Has 15-Minute Grocery Delivery 

PYMNTS

Russia’s biggest technology firm, Yandex NV, launched an online service that uses bike couriers to bring groceries to Moscow residents in 15 minutes, Bloomberg reported on Tuesday (Jan. Yandex launched 20 years ago as a search engine Google with a variety of online services, including ride-hailing and restaurant deliveries.

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Israel Approves New Digital Bank

PYMNTS

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades.

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Grocers Bolster Delivery Efforts With Small Warehouses

PYMNTS

More supermarket companies are opting for this strategy over the bigger and remote distribution centers that the Peapod division of Koninklijke Ahold Delhaize NV and Kroger Co. with the help of Takeoff Technologies Inc. However, online grocery shares jumped 15 percent in 2019 per a Brick Meets Click survey.

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Adyen Shares Start Trading At 67 Percent Above IPO Pricing

PYMNTS

billion) for its investors in the biggest technology IPO in Europe so far this year. Adyen offers payment processing for stores and online transactions — tasks traditionally controlled by major financial institutions, credit cards and some IT suppliers. Share were selling at more than €500 ($589). Adyen stands outside that system.

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Adyen doubles in debut in year's biggest European tech IPO

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Adyen NV, a Dutch payments processor whose clients include Netflix Inc. and Spotify Technology SA, more than doubled in its trading debut in Amsterdam.

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