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Aldi launches checkout-free store


By Will McCurdy

Aldi has launched its first checkout-free store in the Greenwich, Southeast London. The budget supermarket’s new store will enable customers to put items in a bag and walk out of the store, without scanning the items or using a checkout first.


PSR fines Mastercard and others £33m for prepaid cards cartel

The Payments Systems Regulator (PSR) has charged five payments companies including Mastercard fines totalling £33 million for cartel behaviour in the prepaid cards market. After concluding its investigation into two cartels in the prepaid cards market, the UK payments regulator found that five parties including Mastercard, allpay, Advances Payment Solutions (APS), Prepaid Financial Services (PFS) and Sulion had broken competition law by agreeing not to compete or poach each other’s customers in prepaid markets in Great Britain.

Ikea holding company invests in climate data platform

Ikea parent company Ingka Group has invested in Swedish climate data platform Doconomy, via its Ingka Investments arm. Doconomy, founded in 2018, provides a platform which allows consumers and businesses to measure their C02 output.

Logistics tech start-up 7bridges raises $17m

Logistics technology start-up 7bridges has raised $17 million in a Series A funding round. The London-based company said it provides an AI-powered logistics platform which helps companies improve their logistics visibility and their ability to orchestrate and execute operations.

Sage acquires cloud operating system Brightpearl

The Sage Group has completed its acquisition of cloud-based retail operating system Brightpearl. The deal, worth £225 million, was first announced in December.
Amazon suspends plan to stop accepting Visa credit cards

Amazon is postponing plans to stop accepting Visa credit cards for UK payments, which had been due to take effect this week. The e-commerce giant had previously informed customers that they would not be able to pay with Visa credit cards from 19 January owing to “high fees Visa charges for processing credit card transactions.”

Tesco to expand one-hour delivery service

Tesco is set to expand its one-hour delivery service “Whoosh”, according to sources reported by The Grocer. The service will be available from 600 stores by the end of 2023 Tesco chief executive Ken Murphy told the publication.

Checkout tech firm Bolt hits $11bn valuation

Checkout technology firm Bolt has hit a $11 billion valuation, according to sources reported by TechCrunch. The valuation came as part of a Series E funding round worth $335 million.

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