Weekly Headlines

8th July 2022

Revolut launches mPOS terminal

Nexi and Alpha Bank create Nexi Payments Greece

PayPoint offers next day settlement

Subscriptions account for 36% of revenue

35% of French shoppers abandon online carts due to complex purchase journey

CMA opens investigation into Amazon’s marketplace practices

 

Revolut launches mPOS terminal

Revolut has launched a mPOS terminal. Pricing will start from 0.8% + £0.02 per transaction and a one-off cost starting at £25 or customised pricing for merchants dealing with high volumes.

 

Nexi and Alpha Bank create Nexi Payments Greece

The joint venture between Nexi and Alpha Bank has created Nexi Payments Greece. In selected Alpha Bank stores initially, and across the country soon after, Nexi Payments Greece will offer Smart POS and softPOS terminals.

 

PayPoint offers next day settlement

PayPoint is rolling out next business day settlement for PayPoint One customers signing up to integrated card payments with a PayPoint-preferred acquirer. Next business day settlement removes the existing wait of three to five days for retailers to receive their POS receivables.

 

Subscriptions account for 36% of revenue

Businesses estimate subscriptions have accounted for 36% of their total revenue over the past year, an increase of 11%, according to Barclaycard data, showing that the appeal of sign-up products and services remains strong. Even if 36% of consumers say they’ve cancelled at least one subscription because their disposable income has fallen.

 

35% of French shoppers abandon online carts due to complex purchase journey

Research shows that of the 70% of online carts abandoned in France, half of them are abandoned due to an overly complex purchasing journey, which often includes setting up an account and filling in the same information and forms repeatedly with each purchase.

 

CMA opens investigation into Amazon’s marketplace practices

The CMA has opened an investigation into Amazon’s marketplace practices. The investigation will look into whether Amazon has been giving its own sellers an unfair advantage over third-party rivals on its online marketplace.

 

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