Shoppers in the United Kingdom love eCommerce, disproportionately preferring to make purchases online without engaging with physical stores, PYMNTS Intelligence reveals. By the Numbers The PYMNTS Intelligence study “2024 Global Digital Shopping Index: U.K. Edition,” commissioned by Visa Acceptance Solutions, drew from a survey of 2,200...
Pleo has secured a 40-million-euro (about $43 million) debt financing facility from HSBC Innovation Banking UK. With this facility, the Danish FinTech will expand its credit offering, Pleo Overdraft, which helps European companies navigate gaps in cash flow and keep their businesses moving without missing crucial payments or...
London-based Tuza secured 4 million pounds (about $5 million) in seed funding for its platform that brings price comparison to card payments in the United Kingdom. The company, which was formerly known as Statement, has compared 1.5 billion pounds (about $1.9 billion) in card turnover for small...
More than 80% of credit card users now receive reward offers from their card issuers and, on average, 72% of those rewards get used within 90 days. Meanwhile, 71% of consumers tell PYMNTS Intelligence that they are highly satisfied with the rewards that their primary...
Payment facilitators (PayFacs) using Worldpay’s services can now offer their merchants tap-to-pay on iPhone. The payments technology firm said in a Thursday (May 2) press release that two of its PayFac partners — Fullsteam and Autobooks — have already launched the service, which allows merchants to use an iPhone to securely...
Consumers — especially younger generations — are conducting more and more purchases digitally, but especially for high-consideration, large-ticket items such as cars, many shoppers are not willing to give up the in-person experience. In an interview with PYMNTS, Rebecca Lindland, senior director of industry data...
Instacart has become the exclusive same-day delivery partner of Kohl’s. With Kohl’s now on the Instacart App, nearly 109 million households can access same-day delivery from 1,172 Kohl’s department stores across the United States, Instacart said in a Thursday (May 2) press release. Customers can shop and order same-day...
Checkout.com has teamed with Mastercard to offer virtual cards to online travel agents. “As part of the Mastercard Wholesale Program, which reduces costs for travel businesses through virtual card technology and an innovative pricing model, customers of Checkout.com will be able to pay their suppliers more easily and benefit from...
This National Small Business Week, merchants are increasingly moving beyond Main Street — and into eCommerce. And with the news that the post-pandemic growth for most Main Street small and medium-sized businesses (SMBs) is surpassing analysts’ expectations, just how these vital components of the American...
