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Freshly Squeezed: 22.08.19

Reading Time: 2 mins
By Published On: August 22, 20190 Comments

Deliveroo has hired a new CEO and Payright has launched an e-commerce platform. Get a healthy dose of news as we uncover the day’s top stories in E-commerce.

Payright Launches E-Commerce Access

Buy Now Pay Later (BNPL) platform, Payright has moved into e-commerce by going online. It’s built-in with e-commerce platforms like Magento, PrestaShop, WooCommerce and Drupal. More platforms are set to launch in later months. In addition to the launch of its e-commerce platform, Payright has also unveiled its new branding and ‘visual identity’. The ethos of the company is to ‘make easy happen’, and its new logo is said to reinforce it.

“We have seen an overwhelming response to our initial launch of e-commerce with many existing merchants seeking to use the functionality and a growing number of new merchants joining the Payright platform off the back of the launch. We have endeavoured to build on the solution being offered by other buy now, pay later providers by developing an e-commerce module designed for more considered purchases from $1,000 to $20,000, as well as smaller buys up to $1,000,” explained Co-Founder and joint CEO, Piers Redward.

Deliveroo Hires New CEO

Deliveroo has named Ed Mcmanus as its new CEO. Previously the CEO of Meridian Energy and Powershop Australia, he has been recruited to help maximise the company’s growth in the next few months. Deliveroo has plans to expand its number of riders to 10,000, and increase the collection of participating restaurants to 17,000 before the end of 2019, the company says. Mr McManus has been the CEO of Meridian Energy and Powershop Australia since January 2016.

“I am delighted to take on this exciting challenge. I’m passionate about food and passionate about growing companies that are built on innovation and breaking new ground. Deliveroo combines both,” Mr McManus said. Read the full story here.

Alibaba Postpones $15 Billion Hong Kong Listings

Alibaba Group Holding Ltd has reportedly postponed its $15 billion listings for Hong Konga amid the protests. The protests in Hong Kong have amped up in the last few weeks, and sources from the Chinese e-commerce giant said it would unsafe to launch the platform at this time. “It would be very unwise to launch the deal now or anytime soon,” said a source to Reuters. “It would certainly annoy Beijing by offering Hong Kong such a big gift given what’s going on in the city.”

Catch up on yesterday’s Freshly Squeezed news here.

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