Yanilsa Gonzalez-Ore, North America Head of Visa Direct and Global Ecosystem Readiness, and Remitly’s CEO Matt Oppenheimer told PYMNTS cross-border money transfers are ripe for app-driven, digital modernization. “Global money movement has not yet evolved to the levels expected and needed by the world,” said...
Compared to the global standard of five to six hubs, moving money between Nigeria and China or Singapore can require navigating through up to 16 hubs before the payment reaches the last mile, said Jess Anuna, founder and CEO of Klasha, a global cross-border payments...
The COVID-19 pandemic drastically reshaped the landscape of weddings, giving rise to the trend of micro weddings. These smaller-scale celebrations, with trimmed guest lists and downsized ceremonies, were the choice during times of uncertainty and restrictions. However, as the world emerges from the grips of...
Some retailers are reportedly reexamining their promotional strategies to stave off a muted holiday season. “It’s our Super Bowl,” Tapestry finance chief Scott Roe said of the holiday shopping season in a Sunday (Nov. 19) Wall Street Journal report that looks at the phenomenon. Roe — whose company owns Coach, Kate Spade and Stuart...
Private equity group Blackstone is reportedly the leading bidder for Signature Bank’s commercial property loans. Sources tell Bloomberg News that Blackstone is the frontrunner to gain possession of an approximately $17 billion loan portfolio from the failed bank, per a report Sunday (Nov. 19). The Federal Deposit Insurance Corp. (FDIC) has been trying...
Digital B2B payments firm PayMate is now doing business in Singapore, Australia and Malaysia. “Our rapid expansion into these countries highlights our commitment to enabling frictionless and highly secure B2B transactions for enterprises,” said Ajay Adiseshan, the company’s founder and CEO, per an IBS Intelligence report Friday (Nov....
JAT Capital isn’t done with Bed Bath & Beyond after demanding the removal of its CEO. In what a Friday (Nov. 17) CNBC report described as a “scathing” letter, the investment firm has written to the board of the company — formerly known as Overstock — accusing...
Major advertisers continue to flee X following Elon Musk’s approval of an antisemitic conspiracy theory. Apple, Disney, Warner Brothers, Sony, Paramount and IBM have suspended ads on the social media platform once known as Twitter, The New York Times reported Sunday (Nov. 19). The decision — coming as the company is battling to regain...
While the holiday season brings a myriad of traditions and festivities, one of the quirkiest yet arguably beloved is the ugly sweater phenomenon. While some may not fully grasp its appeal, others are enamored with the trend. But what sparked this festive fashion, and is the...
