WhatsApp has won a green light to expand its payments service in India after a two-year pilot program by the Facebook-owned service. National Payments Corporation of India (NPCI), which operates the country’s popular UPI (Unified Payments Interface) system, said in a Thursday (Nov. 5) press...
People’s Bank of China (PBOC) Governor Yi Gang said the pilot program for digital yuan has gone well, with over 2 billion yuan ($299 million) used in over 4 million transactions, Bloomberg reported. The trial was rolled out in four cities earlier this year. Yi,...
It seems almost illogical that just when consumers are spending record amounts of personal and professional time online and enthusiastically embracing the pandemic’s digital shift, they’re also becoming increasingly leery of with whom they do business. And yet, research from PYMNTS shows that’s exactly what’s...
Stripe has grown its partnership with Mindbody to fuel advanced digital and brick-and-mortar experiences for wellness clients in North America and throughout Europe, according to an announcement emailed to PYMNTS. “As the global wellness industry goes through a seismic shift, fitness studios, spas and salons...
That consumers are a bit gun shy when it comes to shopping in physical stores — particularly when it comes to checking out at the point of sale and having to share a touchpad with every other shopper that’s been in all day — is...
“The health crisis has really shown us that within the broader workforce, regardless of whether people are salaried or hourly, the majority don’t have enough savings in the bank to last for a week or two-week period,” notes Warren Perlman, As the pandemic has disrupted...
Visa announced Wednesday (Oct. 21) that the company is expanding its contactless Tap To Phone (TTP) payment systems to more than 15 markets worldwide, with plans to bring the mobile tech to the United States sometime next year. The expansion follows a 12-month global pilot...
Etsy, the online marketplace for creative gifts, is set to roll out use of the Klarna buy now, pay later (BNPL) shopping payment solution. Klarna’s BNPL service will be available in the U.S. first, according to a Tuesday (Oct. 20) press release. Etsy will then roll...
Information gaps. Asynchrony. Paper checks and paper invoices. Suppliers have payment preferences, buyers are reticent to grant them. But the pandemic is generating the tailwind to bring accounts payable and accounts receivable departments in closer collaboration. Along the way, as those lines of communication improve, the payments experience tied...
