Nexi has signed an agreement to integrate its payment services with Olivetti cash registers. The memorandum of understanding will see the two Italian firms — a manufacturer of business hardware and a payment service provider — pooling their respective expertise to enrich Olivetti’s cash register systems...
If you work in the consumer packaged goods (CPG) world, you’re worried about “shelf facings.” That’s a term for the number of units of a product that can be seen from the front of a shelf in a retail store. As you might imagine, this...
Authorities in the United Arab Emirates have recently made announcements concerning new payment solutions. First Abu Dhabi Bank (FAB), the FinTech Magnati and PayRow Net, a PCFC company, announced that they would collaborate on a new digital payment platform in a joint press release on...
Retailers that rely heavily on social media for sales may want to consider diversifying platforms. TikTok is poised to be regulated in the U.S. and has already been banned on government-issued devices in multiple states, including South Dakota. Meanwhile, Twitter is searching for a successor CEO and EU...
Japan is reportedly readying regulations that would let foreign stablecoins list on the country’s exchanges. According to a Monday (Dec. 26) report by Japan’s Nikkei newspaper, the country’s Financial Services Agency (FSA) is asking for feedback on the new regulations, which will let local distributors handle payments-focused...
The Ukraine economy is beating expectations nearly a year into the war. The country’s economic growth is expected to level off or even grow as much as 1% in 2023 after dropping 30% this year, Bloomberg reported Tuesday (Dec. 27). In addition, the inflation rate...
Still wobbling from the FTX crypto crash, 2023’s cryptocurrency outlook is much shakier than 2022’s. This time last year, cryptocurrencies were poised — and priced — to take over the world. As macro headwinds buffet consumers and over-leveraged implosions pockmark the sector landscape, industry observers openly doubt whether crypto...
In 2022, trends in retail technology materialized or matured in a year that defied predictions. Confining our scope to just what happened in retail, PYMNTS notes that many, if not most, of these concepts have been ramping up for some time and have applications elsewhere....
The luxury retail sector is expecting more Chinese tourists after three years of pandemic restrictions. China announced Monday (Dec. 26) that it will lift international travel restrictions in January. This will allow the return of Chinese tourism, which is the world’s largest source of tourist...
