Saudi Payments, a state-owned payments apparatus, has partnered with stc pay, another Saudi Arabia payments company, to grow the breadth of its mobile wallet, and potentially partner on future digital projects, according to a report. stc pay, a Saudi Telecom Company subsidiary, said the deal would...
The sharing economy is undergoing a sea change due to Generation Z’s coming of age. Experts expect this generation, which heavily favors the sharing and gig economies, to account for 40 percent of all global shoppers by the end of 2020. Get the Full Story...
A French banking startup called Bankin’ has introduced Bridge Pay, an application programming interface (API) that will let people make payments using bank transfers, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Italian postal service Poste Italiane is introducing a new payments technology in an effort to attract more domestic small businesses, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Instant money is reinventing the world of payments, except where paper checks inexplicably hang on as coin of the realm. Healthcare reimbursements are a prime example of an important business function stuck in a paper past. Dine-in restaurants are another sector that has merely snacked...
More than 8.2 billion chip-enabled consumer cards — credit and debit — are now in use across the world, according to EMVCo, the industry standard organization. Globally, more than 75 percent of all cards are now enabled with EMV chip technology. Get the Full Story...
The overwhelming majority of U.S. businesses are small businesses — close to 90 percent of U.S. companies employ fewer than 20 people. Of those, four in 10 generate less than $100,000 in annual revenue. We’re talking about roughly 29 million small companies that collectively represent...
As of today (Jan. 21), users of cash-sending app Venmo will have the ability to send animated custom stickers through the app’s newsfeed. The stickers include an animated coin jar with a heart and the words “With Love,” a cartoon figure running on a spinning...
FinTechs are helping merchants coordinate all of the different components that a payment entails with payments orchestration. Modo CEO Bruce Parker told PYMNTS that the term signifies “the ability to keep track of all of the different moving parts of a payment” throughout its entire lifecycle....
