News

Digital Banking
New Contenders Compete in PYMNTS’ Provider Ranking of Digital Banking Apps
September 05, 2023

Preferences for the best digital banking experience remain uncertain, leading to tied scores and the presence of both new and returning names in PYMNTS’ Provider Ranking of Digital Banking Apps. As a result, the current Top 10 ranking includes 11 apps. The Top 5 Tying for...

B2B Payments
PayU India Rolls out Tools for Merchants
September 05, 2023

PayU India has introduced new tools to help businesses address various payment challenges. The online payments company’s CommercePro stack, announced Tuesday (Sept. 5), is designed to help merchants deal with issues like cart abandonment and scalability troubles. “This comprehensive toolkit, fueled by Indian innovation and technology built out...

Regulation
Apple and Microsoft Push Back Against EU’s ‘Gatekeeper’ Designation
September 05, 2023

Microsoft and Apple are reportedly protesting their classification as “gatekeepers” under new European tech regulations. As the Financial Times (FT) reported Monday (Sept. 4), the tech giants’ fight with the European Union (EU) is happening as that body prepares to publish services regulated under its Digital Markets Act (DMA). Under...

Retail
Luxury Shoppers Are Slow to Convert but Demand Digital Innovation
September 05, 2023

Luxury retailers have established a reputation for their exclusive and upscale offerings, catering to a limited clientele characterized by discerning preferences and substantial financial resources. Their primary emphasis on premium goods distinguishes them from affordable retailers, yet it also presents distinct challenges, including lower conversion...

Faster Payments
Push to Debit Brings ‘Emotional Relief’ of Faster Payments to Property Management Sector
September 05, 2023

Property management always has a flurry of activity in the background. Landlords employ and contract with a variety of vendors and suppliers to keep things running smoothly, the grounds maintained, the sinks and toilets unclogged. Tenant turnover — where one renter leaves and another moves...

Banking
Open Banking’s Consumer Benefits Hinge on Widespread Adoption
September 05, 2023

Ross McFerrin, vice president of enterprise growth at Trustly, told PYMNTS in an interview that some fundamental questions are being asked about open banking. What exactly is it? How does it work? What’s in it for the merchants? “And the question we get asked the most...

Banking
Acquired.com Unveils Tool to Promote UK Open Banking
September 04, 2023

Acquired.com, a United Kingdom FinTech, has debuted a tool to help merchants offer open banking payments. The payments specialist’s Hosted Checkout solution lets merchants accept credit and debit cards, Apple Pay, Google Pay and open banking payments through a single integration, according to a Monday (Sept. 4) press release....

International
Paytm Debuts Card Soundbox for Mobile and Card Payments
September 04, 2023

Indian eCommerce and payments firm Paytm debuted a new payment acceptance tool for merchants. Card Soundbox lets merchants accept mobile and card payments using the company’s Soundbox with “tap and pay” capabilities, according to a Monday (Sept. 4) company blog post. “We have found that merchants and consumers...

Regulation
Chinese Tech Giants Begin Enforcing New Government App Rules
September 04, 2023

China’s technology giants have reportedly begun enforcing new rules governing app publishers. Mobile app stores operated by companies like Tencent and Xiaomi have begun blocking app publishers from debuting new apps if they haven’t made proper disclosures to the authorities, Reuters reported Monday (Sept. 4). New rules introduced last month...