In today’s top payments news, Uber reported positive fourth quarter earnings, NYSE owner International Exchange said it will not pursue plans to buy eBay and Afterpay pushed back against RBA’s potential regulation of “tap and go” fees.
Uber is aiming to deliver a profit by the end of this year by extending its platform model into other businesses, such as freight and food delivery. The company met growth expectations in its fourth quarter earnings report.
New York Stock Exchange owner International Exchange (ICE) said it is not going to pursue plans to purchase eBay, after ICE shares slid dramatically at the news and the company lost $5 billion in market value.
Afterpay pushed back against the Reserve Bank of Australia’s potential regulation of “tap and go” fees. The buy now, pay later company said the regulation could hurt its business and revenue, and hamper innovation.
WeWork’s epic decline last year has depressed investor confidence in the entire property technology field. In a recent survey, only 45 percent of PropTech investors said they would make new investments in the field this year, as opposed to 64 percent last year.
The fashion market is set to generate $712.9 billion in eCommerce revenue annually by 2022, and buy now, pay later (BNPL) payment options are playing a major role in driving customer conversion and easing financial concerns. Read more in PYMNTS’ latest BNPL Tracker.
In an Internet of Things (IoT) world, a new payment option is emerging: artificial intelligence (AI) automated transactions — without card or consumer, which presents a whole new range of security concerns.
In the face of the coronavirus, everything else pales next to loss of life and widespread illness, but economic ripple effects, including idling factories, crippled tourism and halted lending, are compounding the crisis. PYMNTS has updates.