As physical locations closed or access to them became otherwise restricted during the pandemic, companies had to pivot to digital channels to survive. Even stores that remained open had to evolve. With health concerns swirling, for example, the use of contactless payment options took off....
With businesses looking for ways to reduce costs and increase growth, legacy B2B payment systems are rapidly giving way to digital platforms that can accelerate transactions, improve cash flow and streamline compliance, says Mangopay’s Luke Trayfoot.
Merchants have gradually transitioned toward payment digitization for several decades, but these efforts have gained momentum in recent years. Companies are rapidly replacing legacy payment systems with more modern alternatives, which has impacted virtually every aspect of the business. For example, businesses are now making...
Credit and debit cards remain consumers’ dominant means of payment despite years of payment innovation. Online bank transfers, for example, have become a popular method for bill payments. This method’s consistency and ease of use have endeared it to consumers and allowed it to begin...
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...
