If banks aren’t paying attention and adjusting their strategy, they are on the verge of disruption by startups and high-growth tech firms. These firms are slowly taking away customers and market share from banks and traditional lending players. Get the Full Story Complete the form...
Alibaba Group’s finance arm is working to create a marketplace for 1 trillion yuan ($163 billion) of person-to-person loans by 2016, and is already almost 15 percent of the way there after less than six months, the P2P lending unit’s CEO said on Tuesday (Sept....
Mobile wallets are not easy, a statement proved true better by no business than Clinkle. After 17 month of jokes, 30 million in funding raised, a great staff exodus and then more mean-spirited humor, it almost seemed as though the impossible had happened: Clinkle launched...
PayPal is taking another small step in helping digital currency, particularly bitcoin, enter the mainstream by helping their merchants accept bitcoin payments. The leader in online payments is pairing up with Bitcoin processors BitPay, Coinbase and GoCoin to allow digital goods (ring tones, games, etc) merchants to take...
Did China’s Alibaba have the largest IPO in history? Maybe. Shares priced at $68 a pop and it had a market capitalization of $168 as it kicked off trading on the NYSE. This would bring the total amount raised by Alibaba’s IPO to $21.8–and a...
It’s clear that Apple has a tremendous amount of influence when it comes to consumers and their technology, a path SecureNet’s CEO Brent Warrington, says consumers are quite comfortable traveling. But Warrington tells MPD CEO Karen Webster that getting into payments is a much bigger...
E-Commerce platform WooCommerce has added LevelUp as a mobile payment option to cut merchants’ payment processing costs, the companies said in a news release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Walmart’s ambitions to be a viable B2B supplier in India continue to grow, as two more of the megaretailer’s Best Price Modern Wholesale stores are set to add eCommerce-service support, in Guntur and Vijayawada in Andhra Pradesh. The stores reportedly will begin supporting eCommerce sales...
Online retailers are worrying less about infrastructure and more about marketing and customer service for the 2014 holiday season, according to a survey of more than 1,000 U.S. ecommerce professionals by eBay Enterprise. Get the Full Story Complete the form to unlock this article and...
