Applied AI Company Raises $42M to Expand in US
Applied AI Company Raises $42M to Expand in US
November 27, 2022  |  Investments

Machine learning (ML) firm Applied AI Company (AAICO) has secured $42 million in funding to help companies in Europe and the U.S. reduce their reliance...

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TikTok Turns to Third Parties to Boost Lagging eCommerce
TikTok Turns to Third Parties to Boost Lagging eCommerce
November 27, 2022  |  eCommerce

To further expand and improve its new eCommerce platform, social media company TikTok is bringing in tech startups with experience in optimizing digital commerce platforms....

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Amazon’s Food Delivery Business Shutters in India
Amazon’s Food Delivery Business Shutters in India
November 27, 2022  |  Amazon

Amazon is restructuring its India operations with the announcement that it is shuttering its food delivery service, Amazon Food, in the region after Dec. 29....

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Africa’s Mobile Money Ecosystem Embraces Blockchain to Drive X-Border Real-Time Payments
Africa’s Mobile Money Ecosystem Embraces Blockchain to Drive X-Border Real-Time Payments
November 27, 2022  |  Blockchain

In 2020, scientists at the University of Zambia (UNZA) proposed a clearing and settlement architecture that would allow interoperability between mobile money payment networks based...

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Musk Says Payments Will Be Part of ‘Twitter 2.0’
Musk Says Payments Will Be Part of ‘Twitter 2.0’
November 27, 2022  |  Digital Payments

Twitter CEO Elon Musk said his company will make a second attempt next week at launching a verification service, following a botched launch that saw...

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Health and Wellness Options Increase as Brits Gift Subscriptions This Holiday Season
Health and Wellness Options Increase as Brits Gift Subscriptions This Holiday Season
November 27, 2022  |  Subscription Commerce

As noted in the November edition of the PYMNTS Subscription Commerce Tracker, nearly two-thirds of U.K. consumers plan to reevaluate their subscriptions in the next...

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Report: Tiger Global Sees $42B Decline in Assets
Report: Tiger Global Sees $42B Decline in Assets
November 27, 2022  |  Investments

Tech investor Tiger Global Management has reportedly slashed the value of its private funds by nearly 25% this year, leading to one of the industry’s...

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Paytm Must Reapply for Digital Banking Payments License in India
Paytm Must Reapply for Digital Banking Payments License in India
November 27, 2022  |  Regulation

In an effort to make sure digital payment transactions are regulated in India, the country’s reserve bank has issued a request for digital payments banking...

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Mastercard: Black Friday Spending Up 12% Despite Inflation
Mastercard: Black Friday Spending Up 12% Despite Inflation
November 27, 2022  |  Retail

In spite of inflation, American consumers spent the day of Thanksgiving shopping — both online and off — and dining out, leading to double-digit sales...

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