Here’s what you need to know today.

1. Fintech startup LatiPay raises funding to expand to Singapore & US

What is LatiPay? Auckland based LatiPay allows Chinese consumers to pay for goods and services using Yuan whilst merchants receive full payment for goods or services direct to their local bank account in their local currency. Chinese payers can make payment through their preferred bank payment or Alipay, WeChat pay and more.

The platform has raised $3 million in Series A funding from Singapore-based venture capital firm Jubilee Capital Management. The expansion will tap into the increasing popularity of cross-border payments.

Read the rest of the story here.

 

2. Walmart launches free, 2-day shipping

Starting today, Walmart will begin offering free, two-day shipping on over 2 million items, with no need for a membership fee for ‘everyday essentials’. Walmart owned Jet.com Jet.com also offers 2-day delivery on hundreds of thousands of common items, and ships for free on orders over $35.00.

This could be seen as a response to the Amazon threat.

Read the rest of the story here.

3. US eyewear startup Warby Parker will launch 25 new stores this year

Warby Parker plans to open at least 25 retail locations this year, a rare brick-and-mortar expansion amid store closures at several chains. The eyeglasses seller said it would open stores in Miami, Los Angeles and other cities, bringing its total store count to about 70 this year.

The brand is often used as a key example for pureplay ecommerce players who have since adopted an offline strategy, bringing up observations about the changing phase of retail.

Read the rest of the story here.

Share Your Opinion

comments