The Uber versus Lyft battle illuminates a stark reality as the pandemic recedes: The broader the platform — the more opportunity for users (and drivers) to pivot between activities without leaving the ecosystem — the better the revenue tailwind. At least for now, the stocks...
Making a powerful case for loyalty, Expedia Group is focusing on growing its mix of loyalty members and app users who book at higher levels than any other consumer group. Reporting earnings for the fourth quarter of 2022 ended Dec. 31, Expedia Group Vice Chairman...
American Express and Microsoft are working to simplify business travel expense reporting. The companies have developed an artificial intelligence (AI)- and machine learning (ML)-powered solution that simplifies and automates expense reporting and approvals, according to a Thursday (Feb. 9) press release. Microsoft will pilot it...
Mastercard and Network International have partnered to create a public transport payment system in Jordan. In a Wednesday (Feb. 7) press release, Mastercard announced that it has teamed up with the Greater Amman Municipality (GAM) and Network International to roll out a new system that...
Uber has teamed up with HSBC to launch Flexpay, a new on-demand payout solution in Egypt. The two companies announced the launch in a joint press release on Wednesday (Feb. 7), stating that Flexpay will empower unbanked Uber drivers by paying out directly to mobile...
Tech industry cutbacks are having an impact on business travel. During a Thursday (Jan. 26) earnings call, Alaska Airlines reported that while its overall corporate travel volume has recovered to 75% of pre-pandemic levels, the tech industry-heavy West Coast has lagged behind. “West Coast business remains...
Despite the digitization of retail banking, cash will not be disappearing anytime soon. That’s the opinion of Richard Wazacz, Global CEO at foreign exchange company Travelex, who told PYMNTS that the future of cash in retail foreign exchange is secure despite its declining usage across...
A glitch at the Federal Aviation Administration (FAA) sparked chaos in the airline sector this month. And in an interview with PYMNTS, Kristian Gjerding, CEO of CellPoint Digital, said the swirling headlines and the aftermath underscore a few truths in the travel industry: Running an...
The company that manufactures London’s black cabs plans to turn the capital’s taxis all-electric. Geely, the Chinese auto manufacturing group that owns the London Electric Vehicle Company (LEVC) is planning a big investment in LEVC to turn it into an all-electric brand, Reuters reported on...