News

Cross Border Commerce
Car Importers Tap Power of Platforms to Tame Price Volatility
September 09, 2022

In a way, used cars are like stocks, options and bonds from the point of view of Ryan Davidson, founder and CEO of Trade X, in that volatility is an opportunity for profit. “Inflation and volatility [are] actually what drives our business,” Davidson said. “The...

Cross-border Payments
Inside the Upside of India’s New Bundled, Cross-Border Remittance System
September 09, 2022

In India, a broadening by the Reserve Bank of India (RBI) of the ways and means through which citizens can send money abroad will open the floodgates to FinTechs and other businesses dealing with cross-border payments. Reeju Datta, co-founder of Cashfree Payments, told PYMNTS’ Karen...

eCommerce
Shopify, eCommerce Platform Luxlock Team on Token-Gated Shopping
September 08, 2022

Online retail platform Luxlock will offer new shopping options on Shopify through a partnership with Web3 open source software development company Smart Token Labs, a press release says. This was done via a custom application for Luxlock, which will leverage Smart Token Labs’ Brand Connector...

Delivery
Lowe’s, Instacart Offer Nationwide Same-Day Delivery
September 08, 2022

Lowe’s and grocery delivery firm Instacart have rolled out a new same-day delivery option across the U.S., a company press release says. Lowe’s will reportedly be one of the first retailers on Instacart’s app to debut same-day and scheduled delivery for large items, up to...

Regulation
Big Techs Continue to Navigate Legal Quagmire of EU Data Sovereignty
September 08, 2022

In the saga of Big Tech companies and their seemingly never-ending confrontations with EU legislators, issues surrounding what the EU calls “digital sovereignty” are among the most intractable. The European Parliament has defined digital sovereignty as “Europe’s ability to act independently in the digital world”...

Merchant Innovation
Restaurants Aim to Outprice Competitors Amid Rapid Food Inflation
September 08, 2022

As restaurants continue to grapple with the balance between rising ingredient and commodities costs and their customers’ menu price sensitivity, The Restaurant Group plc, owner of London-based multinational restaurant chain Wagamama among other brands, is looking to rein in price increases to keep customers coming...

Ridesharing
Mobility Weekly: Madrid Regulates, London Electrifies
September 08, 2022

Following government calls for Spain’s regional authorities to draw up regulations for the ride-hailing sector, the Junta de Andalucía is expected to soon announce details of how it will regulate the likes of Uber, Cabify and Bolt which operate on the Costa del Sol. Mobility...

Faster Payments
Convoy Now Offers Carriers Faster Payments After Loads
September 08, 2022

In an effort to help carriers with cash flow, digital freight network Convoy is enhancing its payments service to add money to carriers’ bank accounts within eight hours of load completion. The company is augmenting its Convoy QuickPay service, according to a Thursday (Sept. 8)...

B2B Payments
Today in B2B Payments: Tech Companies Tackle Commerce Challenges
September 08, 2022

Today in B2B payments, Reach adds an integration that lets online merchants more quickly start selling internationally, Arcadier chooses Nuvei to meet the payments needs of different marketplaces and Bond helps companies deploy commercial charge cards without having to write code. Plus, Standard Chartered tests...