Fall has arrived, and so have the retail holiday sales! This Subscriptions Weekly edition is all about Amazon, Target, Sephora, and P.F. Chang’s new offers in the U.S., plus Taiwan’s first iPhone subscription plan. And we dive deeper into the complexities of digital payments and how they’re shaping the future of ecommerce.
The future of ecommerce is in the payments
Speaking at the Digital Commerce Surge roundtable, Steve Vallas, Blockchain APAC’s Managing Director, says payments are becoming the real opportunity in ecommerce. But unfortunately, digital payments are still misunderstood. Learn more on Financial Review.
Additionally, JPMorgan sees less demand for crypto payments. However, they’ve noted that cryptocurrencies are becoming larger in the gaming and metaverse spaces. Learn more on Bitcoin.com
Retail & out-of-home spending: News from Amazon, Target, Sephora & P.F. Chang’s
The holiday season is getting closer with Amazon and Target. Earlier this week, Amazon announced its Prime-exclusive holiday sale on October 11 to 12. Target also kicked off the holiday punch, launching its seasonal sale from October 6 to 8. Learn more on RetailDive.
They say time is money, and Sephora knows. Ahead of the holiday season, the brand has rolled out an unlimited same-day delivery membership, “Sephora Same-Day Unlimited.” After a 30-day trial, shoppers can pay $49 yearly for delivery on all purchases in as little as two hours. Same-day delivery is also available one-off, starting at $6.95. Learn more on RetailDive.
P.F. Chang’s is adding a new subscription to its loyalty program to offer member benefits like free delivery, priority reservations, and a dedicated concierge phone line to answer customer questions for $6.99 monthly. Learn more on RestaurantDive.
With the holidays approaching, retailers should start thinking outside the box to give consumers what they want. Oscar Wall, Recurly’s EMEA General Manager, shares his insights: Eat, drink and give subscriptions: why retailers are shifting their payment models.
First iPhone subscription in Taiwan
21st Fintech, a fast-growing Asian fintech company, launched Taiwan's first and most flexible "12-month iPhone Subscription Program". Starting at $50/month, this program includes exclusive insurance coverage, purchase priority for the most advanced iPhone models, and flexible cancellation and renewal options. Learn more on Yahoo!
From the Recurly agenda:
Processing payments in Croatia. Starting January 1st, 2023, all payments processed in Croatia must be in EU currency, not Croatian Kuna.
Based in London? Let’s meet! Join Allan Willis, Head of Operations at True Royalty TV, and the Recurly team next October 6 to discuss subscription growth during economic downturns. Save your spot.
5 strategies to chop subscriber churn by 73%. Join us next October 12, 2022, to learn how to defeat the “revenue eaters” stealing your business. Save your spot.
Let’s meet at Subscription Show in November! Defeat growth blockers and find better ways to accelerate revenue potential. We’ll discuss it over a coffee; book your time.