The old maxim says the more things change, the more they stay the same. The payments industry may have disproved that wisdom, at least in part, as world-shaking events keep pushing digital commerce in new directions from which there is no going back, nor a...
Brands typically struggle to engage two key audiences: affluent consumers who are cash rich, time poor, and Gen Zs, who have a short attention span due to the endless stream of social media content they are exposed to. As a result, these two groups of...
Elon Musk has reportedly outlined his vision for Twitter: a $250 billion payments company. As The Wall Street Journal (WSJ) reported Saturday (April 1), Musk recently told his employees he sees Twitter’s current value of around $20 billion ballooning to more than 10 times that...
Although Europe lacks a pan-regional scheme to rival international card networks, building and igniting one means giving consumers and merchants a reason to get on board — something that is lacking today, says Gijs Boudewijn, general manager at the Dutch Payments Association. “There is hardly...
The old adage is that banks lend when you don’t need the money. When capital is hard to come by or when there’s the hint of repayment risk, that’s when the traditional lenders shut the spigots. In one indication that traditional conduits to financing operations...
Businesses have long been phasing out manual processes in favor of digital systems that improve efficiency, deepen relationships with suppliers and better serve customers. The trend gained new focus during the pandemic when businesses throughout the United States economy needed to upgrade their payment platforms...
Mercedes-Benz has begun using Visa technology to enable native in-car payments. With Mercedes pay+, which is being rolled out on select new vehicle models beginning this month, the automaker’s customers in Germany can now pay for digital services and on-demand hardware upgrades in the Mercedes...
Local and alternative payment methods — including digital wallets; online bank transfers; buy now, pay later (BNPL); and direct debit — are the most common means for consumers to buy goods online. Shoppers in Europe, for example, spend more than $388 billion online annually using...
Three-quarters of global eCommerce is conducted using local payment methods, but offering such a diversity of payments may be difficult for merchants to do on their own, says Spreedly’s Andy McHale.