Upcoming Singles’ Day 2016 sees major retailers under close monitoring by China’s SAIC. There’s a lot of money at stake. Since starting Singles’ Day sales in 2009, Alibaba has made major cash. Last year, Alibaba reportedly earned $14.3 billion on Singles’ Day, up 60 percent...
Wish, the company behind the mobile shopping app of the same name, recently raised $500 million in a new round of funding. Wish is now valued between $3.5 billion and $5 billion. Currently, Wish facilitates about $2 billion worth of sales and gets a 12 to...
There are now a little over 24 hours left until the election finally happens, and Americans are breaking down into two camps. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Independent carrier billing company Boku announced Wednesday it expanded billing for Spotify music users in Switzerland. Six and a half million Swisscom subscribers can now access carrier billing as payment for Spotify Premium. Get the Full Story Complete the form to unlock this article and...
StatCounter Global Stats recently found that, this October, for the first time ever, mobile and tablet access comprised a majority (51.3 percent, to be precise) of internet usage worldwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Between the end of 2016 and 2017, $128 billion worth of commercial real estate loans are due to refinance. A quarter of those were put toward building malls a decade ago — just before the online shopping boom began. Get the Full Story Complete the...
Most people know the expression “truth is stranger than fiction,” though a smaller number know that it comes via American quote factory Mark Twain. An even small number then that know the quote has a second half: “but it is because Fiction is obliged to...
The top news of the week has, of course, been political scandals of all stripes, but at this point, cataloging it all would actually require an entirely separate Data Dive. We somehow imagine that everyone has had enough already, so we’ll skip happily to the sanguine world...
Cash use in Eastern Europe is robust, and the amount of cash spent in Eastern Europe is expected to continue to increase despite the adoption of cards and mobile wallets. The Q3 2016 PYMNTS Global Cash Index™ shows that Europe has a higher cash share than...
