News

eCommerce
Local Payment Methods Lower APAC Cart Abandonment by 32%
June 21, 2023

The Asia-Pacific (APAC) region is poised to become a key area of expansion for U.S. and U.K. merchants over the course of the next few years, but eCommerce companies are struggling with high cart abandonment rates and seeking ways to lower abandonment. Get the Full...

Investments
Volt Raises $60 Million to Expand to Australia and US
June 21, 2023

Volt has raised $60 million in a Series B round to expand into Asia-Pacific (APAC) and the Americas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Regulation
Berenberg: SEC May Set Sights on Stablecoins and DeFi
June 21, 2023

The Securities and Exchange Commission (SEC) may set its sights on stablecoins and decentralized finance (DeFi). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Artificial Intelligence
AI ‘Model Collapse’ Highlights Need for AI Data Governance
June 21, 2023

Despite its alleged “societal-scale” risk, artificial intelligence’s (AI’s) biggest threat may be to itself. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Retail
Merchants Tap Smart Carts to Drive 30% Basket Size Increases
June 21, 2023

As shoppers continue to seek eCommerce-like convenience in their brick-and-mortar journeys, self-checkout technologies such as smart carts can boost their spending and loyalty, Cust2Mate CEO Guy Mordoch tells PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
TikTok Expands Online Retail Offerings to Compete With Shein and Amazon 
June 21, 2023

In a bid to compete with rivals like Shein and Amazon, TikTok is broadening its online retail offerings. ByteDance, the Chinese parent company of the video-sharing app, has started selling products directly through its platform. Get the Full Story Complete the form to unlock this...

Retail
How Amazon Is Transforming a Sensory-Based Industry Through Digital
June 21, 2023

Amazon is reportedly on track to surpass Walmart and emerge as the leading beauty retailer in the United States by 2025. But how is that so in an industry that particularly thrives on sensory experiences, personal interactions and physical treatments? Get the Full Story Complete...

Retail
Shopify Offers Shop Pay to Enterprise Retailers as Standalone Component
June 21, 2023

Shopify has made its Shop Pay checkout available to enterprise retailers as a standalone component. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Security & Fraud
Reusable IDs and AI Help Merchants Beat Back the Fraudsters
June 21, 2023

The fraudsters are racking up the gains, seeking, as they always do, to exploit vulnerabilities in card-not-present transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...