Online travel sales stood as one of the pre-pandemic mainstays of the travel industry in Latin America, but the sector also was one of those hardest-hit by the crisis. Travel represented about half of Central America’s eCommerce before the pandemic, but it has dropped to as little as...
Engaging and retaining the loyalty of younger consumers such as millennials and Generation Z is becoming a top priority for the world’s financial institutions (FIs) and retailers as these generations come to capture wider spending power. One recent study found Gen Z consumers within the...
In today’s top Europe, Middle East and Africa news, loan providers that do not charge penalty fees risk losing revenue, while MiCA, the European Union’s Markets in Crypto Assets legislation, is set for a vote next week. In other news, Walmart is collaborating with British...
Latin American consumers are ready to tour and travel once again, only now they insist on taking digital and mobile payments along for the ride. In the Global Merchants’ Guide To Latin America, Jessy Caiado, co-founder of Peruvian dining tour company Exquisito Perú, explains how...
CredAvenue, the debt marketplace, is the newest Indian unicorn, having raised $137 million in a funding round, Bloomberg reported Sunday (March 6). The FinTech is headquartered in Chennai and it connects enterprises with lenders and investors. Its value rose to $1.3 billion from $410 million...
American Express is joining Visa, Mastercard and PayPal in suspending operations in Russia following its invasion of Ukraine, a press release said. “As a result, globally issued American Express cards will no longer work at merchants or ATMs in Russia,” the company said Sunday (March...
TikTok announced Sunday (March 6) it won’t allow livestreaming in Russia because of the country’s “fake news” law, intended to silence dissent and cut down on information on the invasion of Ukraine, Bloomberg reported. The decision comes as Russia’s parliament passed laws that would give...
Numerous Russian banks have said they plan to begin issuing cards using the Chinese UnionPay card operator system, combined with the Mir network from Russia, Reuters reported Sunday (March 6). On Saturday (March 5), Mastercard and Visa — the two largest credit card and digital...
In today’s top Europe, Middle East, and Africa news, bitcoin and ethereum investors donated $20 million to Ukraine in the wake of Russia’s invasion of the country; and German aircraft maker Volocopter has raised $170 million in a Series E funding for its electric passenger air...
