Black Friday
FNB Expects 10% eCommerce Transaction Boost on Black Friday
FNB says that it is expecting a 10% increase in the total number of eCommerce transactions over Black Friday and Cyber Monday – as many consumers who participate in Black Friday may opt to shop online instead of going into brick and mortar stores. This is comparable to 2019 where Black Friday weekend transaction volumes on FNB POS (Point of Sale) devices grew by 32% compared to 2018, while eCommerce transactions grew over 30%. FNB also says that its merchants have also upped their game by investing in their platforms to ensure a seamless sales experience, regardless of the types of devices used by consumers when shopping. One such example is increased support for QR Code payments, where the customer opts to checkout through simply scanning the presented QR Code to pay. FNB Virtual Cr...
9 Ways to Avoid being Scammed Online this Black Friday
Black Friday 2020 could be bigger online than in-store this year, thanks to concerns about the risk of COVID-19 in crowded shops, and an increase in the number of people now comfortable with shopping online. But for first-time online shoppers and those who might forget caution in their quest for a bargain, online shopping could be more lucrative for criminals than it is for consumers this Black Friday. Cybercriminals and old-fashioned fraudsters can take advantage of unwary shoppers in several ways: by getting access to their bank card details to steal money; by using personal information to commit fraud and theft; or simply by accepting payment for goods they don’t deliver. To avoid disappointment, theft and fraud, here are nine tips for safer online shopping this Black Friday: Make sure ...
Will Black Friday Contribute Towards Economic Stimulation in South Africa?
Despite 2020 being a very tough year for almost everyone, there’s nothing to be gained from not recognising Black Friday and the festive season at large. This is according to Matthew Leighton, spokesperson for OneDayOnly, who says that now more than ever, the economy requires stimulation and regrowth – and Black Friday is the biggest opportunity the eCommerce industry has to contribute towards that economic stimulation. Is this the year more people turn to online shopping? “We’ve seen consistent growth in Black Friday numbers and we expect this to continue,” says Leighton. Between 2018 and 2019, the home-grown daily deals site saw the number of Black Friday shoppers double, dwarfing the numbers seen on a regular day. “Internationally, well-established eCommerce markets are still experienci...
Walmart Has A Heart, Will Close Its Stores on Thanksgiving This Year
Capitalism is going on holiday — at least for one day. Walmart has announced that it will close all of its stores on Thanksgiving this year. This marks the first time the mega-chain has done so since the late ’80s. Like many big-box stores, Walmart has been known to cash in on the shopping extravaganza that is Black Friday by opening its doors the day before on Thanksgiving. These “doorbuster” events typically draw massive crowds and, depending on what new electronic gadget is on sale, sometimes even turn violent. So has Walmart suddenly grown a heart big enough to trump the almighty dollar? Well, sort of. The company’s decision to close all 4,500+ of its stores on Thanksgiving is tied to the coronavirus pandemic. Walmart execs want to gift their employees with a day off, especially those ...
