Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July 21) that overseas users of the platform can now link Visa, MasterCard, Diners Club and Discover cards to their mobile...
This week in payments saw the SEC weigh in on artificial intelligence (AI), the long-awaited debut of the FedNow instant payments rail to mixed reviews, and payment processor Block taking on major credit card issuers over fees. On the AI front, in a Monday (July...
British consumers’ purchases rose by 0.7% in June after increasing just 0.1% in May. Month-over-month retail sales volumes in the United Kingdom increased across all the main sectors except for automotive fuel, the Office for National Statistics reported Friday (July 21). By sector, the sales...
Threads’ user engagement reportedly continued to decline in the second week since its launch. The average time iOS and Android users spend on the Meta-owned social media app has decreased to four minutes from 19 minutes shortly after launch, The Wall Street Journal (WSJ) reported Friday (July 21),...
Resale and rental have become hot initiatives among retailers. The intention is to cater to consumers’ changing preferences and values, while also mitigating the effects of inflation. But are these initiatives panning out? We’ll find out at the next earnings call for some of the...
TikTok Shop has partnered with buy now, pay later (BNPL) service Atome to offer installment payments in Malaysia. “Today we announce our partnership with Atome, providing our customers easy payment options at checkout,” Jonathan Low, eCommerce lead of strategy and special projects at TikTok Shop, said in a Friday...
What payment methods are being explored by retailers in the grocery, pharmacy and convenience store arenas? It depends, as these retailers have different needs that digital payments must play to. Analyzing this question in “The Instant Payments Transformation Guide: Grocery, Pharmacy and Convenience Retailers,” a...
Toast shares got scorched in a week that saw the FinTech IPO Index give up 0.3%. And earnings season has yet to begin in earnest — at least for the FinTechs. Beyond the banks, beyond the details on deposit flight and whether consumers are spending...
AMC Theatres will wind down its seat-based pricing initiative after testing it in three markets. The Sightline at AMC initiative, which charged higher or lower prices based on the location of the seat within the movie theater, will come to an end within weeks and will...
