While real-time payments account for just 2% of all corporate payments sent and 1.3% of corporate payments received, the benefits of real-time payments are catching the attention of a growing number of corporate treasurers and billing and payment executives. Among those companies already engaged with real-time...
TikTok is dropping plans to expand its livestream shopping venture TikTok Shop in the U.S. and Europe after the venture failed to find an audience and gain a foothold in the U.K. TikTok Shop was introduced by parent company ByteDance in the U.K. last year,...
The chain of command in eCommerce is made up of links. And those links go something like this: A consumer registers with a merchant, places an order and chooses payment; processing goes on in the background and the customer eventually gets what they order. ...
When crisis hits, the corporate survival instinct kicks in. LianLian Global Executive Chairman David Messenger told PYMNTS’ Karen Webster that the pressures of the pandemic have underscored the challenges of navigating supply chains. Increasingly, companies across all manner of verticals — but particularly for United...
Remittance corridors that connect African nations to economies in Europe, the Middle East and the U.S. provide a vital lifeline for many individuals moving money across borders. Now, a new wave of FinTech firms are increasingly challenging the dominance of traditional cross-border transfer solutions like...
Stephan von Erffa, Wirecard’s former head of accounting, has reportedly admitted to forging documents in the case that has been going on for several years now, the Financial Times reported Monday (July 4) citing sources close to the case. He has been one of three...
A rout in the stock market is causing troubles for private equity as valuations fall, The Wall Street Journal wrote Monday (July 4) — and many companies are delaying their plans to go public. The valuations aren’t down all the way across the board, though...
Big retailers like Target and Walmart have been seeing large amounts of excess inventory — which could be a good thing for companies helping to do away with the oversupply, The Wall Street Journal reported Monday (July 4). Some companies, including Liquidity Services, Xcess Limited...
United Arab Emirates (UAE)-based digital bank YAP has raised $41 million in funding and is looking to raise another $20 million for further expansions, Reuters wrote Monday (July 4). The company reportedly plans to use these funds to grow its business, expanding its footprint into...
