The B2B ecosystem is mired in legacy and often interpersonal, relationship-based processes. At the same time, commercial buying and selling has become increasingly complex and fragmented. That’s where generative artificial intelligence (AI) can come into play. The commercial economy is already being transformed by the...
Koverly has unveiled its B2B buy now, pay later (BNPL) platform, offering businesses enhanced payment flexibility and reduced foreign exchange (FX) rates. The standout feature of the new KoverlyPay is the introduction of a 30-day extension on FX payments at no cost to either the buyer or seller,...
Right now, the headlines and news stories detailing the deluge of holiday merchandise on retailers’ shelves are a bit whimsical. Christmas is here, is the read across – and it’s only August. As reported in recent days by CNN and other media outlets, back to...
TreviPay has introduced a new feature that enables merchants to process cross-currency transactions for their B2B customers. This development aims to facilitate global business growth and enhance buyer loyalty, the global B2B payments and invoicing network said in a Tuesday (Aug. 22) press release. With operations in 32...
Gap has a new CEO, Richard Dickson, beginning Tuesday (Aug. 22), in a move that reportedly signals renewed optimism for the company. Dickson’s appointment has sparked investor confidence, with shares of the specialty apparel company gaining 10% since the move was announced on July 26, the Wall Street Journal...
Nigerian payments company Flutterwave is reportedly planning to go public. In an interview with Bloomberg News published Tuesday (Aug. 22), the company’s chief executive said it is moving forward with a planned initial public offering (IPO). Olugbenga Agboola, also one of the co-founders of Flutterwave, told Bloomberg the company...
When you think of Etsy, what comes to mind? Probably arts and crafts and unique finds, right? This is a perception that Etsy has been grappling with lately as it tries to transform into a more frequently visited shopping destination. Although personalized gifts tend to...
“It’s more than shoplifting. It’s organized retail theft,” PYMNTS said at the end of May and it’s an issue that lives on. U.S. retailers are still grappling with “inventory shrinkage,” which encompasses the vanishing of products owing to theft, coordinated criminal endeavors, product impairment, vendor deception,...
Grocery delivery service Getir will lay off 2,500 workers to “increase operational efficiency.” The Turkish company announced the job cuts — which amount to a nearly 11% reduction of its workforce — in a Tuesday (Aug. 22) announcement emailed to PYMNTS. It’s the latest sign of a...
