Businesses have dealt with unprecedented change in recent years and are preparing for what comes next. With the near-term economic outlook uncertain, many are reconsidering the distribution of their technology spending. Companies are also considering whether they can realize bigger payoffs as the economy’s digital...
Payoneer has received another license as it aims to extend its services around the world. The FinTech company said in a Friday (Feb. 17) press release that its subsidiary, Payoneer Payment Services UK, has received an electronic money license from the U.K.’s Financial Conduct Authority...
The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital payments service provider Paymob, that challenge is holding back businesses, particularly small mom-and-pop shops, from unlocking their full business potential....
India’s PhonePe is closer to realizing its super app ambitions after raising $100 million. The Walmart-backed payments platform announced the round Tuesday (Feb. 14), which values it at $12 billion and will allow it to launch new services including lending, stock brokering and eCommerce via...
Retailers can’t solve card declines caused by insufficient funds, but incorrectly entered pay information may be a more fixable problem. Merchants and retailers, especially in the eCommerce space, have a lot riding on reducing checkout friction. After all, 55% of consumers say a frustrating checkout...
PayPal’s growth – like so many payments peers – is slowing. But even as the macro environment is uncertain, the active users that are in place are transacting more often. “One of the things that is important to realize is digital wallets in general, including...
Network International will launch a new payment acceptance solution for merchants in Egypt. The company announced on Thursday (Feb. 7) that it has received approval from the Central Bank of Egypt to launch its new “direct-to-merchant” service in the country, enabling businesses to accept electronic...
With all the digital transformation that took place across various systems during the first two years of the pandemic, more firms are now filling in gaps or upgrading. They’re making new investments in areas like procurement, accounts payable (AP), accounts receivable (AR), and risk. In...
Instacart says a Queens-based grocer is the first retailer deploying its Scan & Pay tool. Foodcellar Market has begun allowing its shoppers to use the technology, which lets customers scan and pay for items using their smartphones, Instacart said in a Monday (Feb. 3) news...