Who said quality had to be expensive? As the stigma around shopping at dollar stores fades and the demand for affordable alternatives and replicas increases, brands and retailers are becoming more inclined to provide top-notch products at discounted prices. And this shift in attitude extends...
Google Cloud has launched a new product, Anti Money Laundering AI (AML AI), which is an artificial intelligence-powered tool to help financial institutions detect money laundering, the company said Wednesday (June 21). With estimates suggesting that money laundering accounts for 2-5% of global GDP, or up to $2 trillion...
PayEm has integrated its global spend management and procurement platform with American Express. This integration allows American Express Corporate and Business Card Members to use their existing account and PayEm’s platform to create and distribute on-demand virtual cards, PayEm said in a Wednesday (June 21) press release. “We are teaming...
As the largest grocers launch in-house retail media networks, offering brands comprehensive insights into how their marketing efforts are performing, smaller chains are being put in a position where, if they want to keep up, they may need to scale up their reliance on third...
A seismic shift in systemic capability is sweeping across the global shipping ecosystem. While it’s been more than two years since the Ever Given container ship got stuck in the Suez Canal, the logistics industry still finds itself facing event-driven logjams both large and small on a...
Alipay and Mastercard have teamed up to offer a new payment option for international visitors to China, allowing them to go cashless while traveling around China’s mainland, the two companies announced Wednesday (June 21). Venetia Lee, general manager of Ant Group Greater China International Business,...
The Asia-Pacific (APAC) region is poised to become a key area of expansion for U.S. and U.K. merchants over the course of the next few years, but eCommerce companies are struggling with high cart abandonment rates and seeking ways to lower abandonment. This is analyzed...
Volt has raised $60 million in a Series B round to expand into Asia-Pacific (APAC) and the Americas. The builder of infrastructure for global instant payments will also use the new capital to support product development in its existing markets in Europe, the United Kingdom...
The Securities and Exchange Commission (SEC) may set its sights on stablecoins and decentralized finance (DeFi). Such a move is “likely” after the regulator’s recent enforcement actions targeting players in the cryptocurrency industry, investment bank Berenberg said in a report published Tuesday (June 21) and emailed to PYMNTS. Having...
