E-commerce giant Alibaba has beaten its sales record for its annual Singles Day event. About 20 hours into the event, Alibaba sales had reached 103bn yuan ($15bn; £12bn), easily topping the previous record set last year of $14.3bn. But some have questioned the accuracy of the numbers, amid claims of inflated sales data at Chinese … Read more
Universal Merchant Bank (UMB Bank) on Thursday, introduced three additional VISA Cards to give its customers more options in carrying out their transactions. The new VISA Cards are UMB VISA Prepaid Card, the UMB VISA Business Card and the UMB Platinum Card. As one of Ghana’s most customer centric banks, UMB Bank partnered with Visa … Read more
An electronic screen shows sales on Alibaba’s retail platforms hit 10 billion yuan (US$1.5 billion) at a gala staged by Alibaba for the Singles’ Day shopping festival in Shenzhen. [Shanghai Daily] Within minutes of it kicking off at midnight, Singles’ Day, China’s annual online shopping fiesta, had smashed sales records across multiple online marketplaces. Sales … Read more
E-commerce giant Alibaba looks set to smash the sales record for its annual Singles Day event. About 12 hours into the event, sales had reached 82.4bn yuan ($12.1bn; £10bn), the firm said. Last year’s record was $14.3bn. But some have questioned the accuracy of the numbers, amid claims of inflated sales data at online retailers … Read more
An electronic screen shows sales on Alibaba’s retail platforms hit 10 billion yuan (US$1.5 billion) at a gala staged by Alibaba for the Singles’ Day shopping festival in Shenzhen. [Shanghai Daily] Chinese shoppers shrugged off any concerns over a slowing economy and bought 10 billion yuan ($1.47 billion) worth of goods within the first seven … Read more
Customers of Access Bank who enjoy online shopping with their Access Visa Cards can now ship their purchased items directly to Ghana with Aramex’s “Shop & Ship”. “Shop and Ship” powered by Aramex, gives members shipping addresses in the US, UK, China, Germany, France, UAE, Singapore, Malaysia, Italy, Hong Kong, Spain, India, South Africa, Canada … Read more
PayPal has signed up “tens of thousand” of Nigerians in its first week of operating in Africa’s biggest economy, with consumers already purchasing items from Britain, China and the United States via its online platform, a company official said. E-commerce remains in its infancy in most of Africa but is growing exponentially with the advent … Read more
PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud. Rupert Keeley, the executive in charge of the EMEA region of PayPal, the payments unit of eBay Inc, said in an interview on Monday the expansion would … Read more