With the holiday season on the horizon, retail behemoths such as Walmart and Amazon are preparing to capture the attention and spending of consumers across the globe. Notably, this festive season will witness Walmart placing a heightened focus on its third-party marketplace. This year, third-party...
Transforming the world takes time, even when innovations aim at just one part of it. That, at least on the surface, appears to be the story with crypto and blockchain technology, which have together been honing their real-world utility within the traditional financial services and...
The pandemic era ushered in many favorable trends for global eCommerce businesses, but times have changed, says Pranav Sood, EMEA executive GM at payments firm Airwallex, as international merchants grapple with outdated payments infrastructure and solutions that no longer meets their needs. This situation has...
The New York State Supreme Court has reportedly ruled that Uber Technologies, DoorDash and Grubhub must pay their food delivery couriers a minimum of $17.96 per hour. The court’s decision comes after the three delivery platforms joined forces to challenge the city’s rule, which was set to go into effect...
Visa has announced a partnership with ABHI and YellowPepper to introduce account-to-account (A2A) payments in the United Arab Emirates (UAE). This collaboration will drive innovation, promote financial inclusion and accelerate the adoption of new payment solutions in the Central and Eastern Europe, Middle East and Africa (CEMEA) region,...
China’s largest property development company has halted trading after its chairman was reportedly detained. As the Wall Street Journal reported Thursday (Sept. 28), law enforcement in China believes Hui Ka Yan, chair of Evergrande, may have committed crimes and have apparently detained him as they investigate. PYMNTS has...
Businesses have long relied on debit and credit card transactions, but digitization is ushering a new era of more secure electronic payment options, such as virtual cards, in the business-to-business (B2B) payment landscape. Findings detailed in a PYMNTS Intelligence report titled “B2B Digital Payments: Virtual...
Breezit has raised $2 million to help couples use artificial intelligence to plan their nuptials. The pre-seed round, announced Thursday (Sept. 28), was led by Practica Capital and will help Breezit further develop generative artificial intelligence (AI) and machine-learning capabilities for its venue and vendor marketplace. “An estimated 80% of...
TikTok’s plan to invest heavily in Indonesian eCommerce is apparently hitting a roadblock. As Bloomberg News reported Thursday (Sept. 28), the company is now subject to new rules in Indonesia that block social media platforms from handling direct payments for online purchases, a distinction that so far applies...
