A seismic shift in systemic capability is sweeping across the global shipping ecosystem. While it’s been more than two years since the Ever Given container ship got stuck in the Suez Canal, the logistics industry still finds itself facing event-driven logjams both large and small on a...
Alipay and Mastercard have teamed up to offer a new payment option for international visitors to China, allowing them to go cashless while traveling around China’s mainland, the two companies announced Wednesday (June 21). Venetia Lee, general manager of Ant Group Greater China International Business,...
The Asia-Pacific (APAC) region is poised to become a key area of expansion for U.S. and U.K. merchants over the course of the next few years, but eCommerce companies are struggling with high cart abandonment rates and seeking ways to lower abandonment. This is analyzed...
Volt has raised $60 million in a Series B round to expand into Asia-Pacific (APAC) and the Americas. The builder of infrastructure for global instant payments will also use the new capital to support product development in its existing markets in Europe, the United Kingdom...
The Securities and Exchange Commission (SEC) may set its sights on stablecoins and decentralized finance (DeFi). Such a move is “likely” after the regulator’s recent enforcement actions targeting players in the cryptocurrency industry, investment bank Berenberg said in a report published Tuesday (June 21) and emailed to PYMNTS. Having...
Despite its alleged “societal-scale” risk, artificial intelligence’s (AI’s) biggest threat may be to itself. Not to humanity. Copies of copies generally tend to get worse — and if the training data used to power future generative AI engines, including large language models (LLMs), gaussian mixture...
As shoppers continue to seek eCommerce-like convenience in their brick-and-mortar journeys, self-checkout technologies such as smart carts can boost their spending and loyalty, Cust2Mate CEO Guy Mordoch tells PYMNTS. On Wednesday (June 21), A2Z Smart Technologies Corp.’s flagship smart cart product, Cust2Mate, announced a partnership...
In a bid to compete with rivals like Shein and Amazon, TikTok is broadening its online retail offerings. ByteDance, the Chinese parent company of the video-sharing app, has started selling products directly through its platform. Over the past few weeks, TikTok users in the U.K....
Amazon is reportedly on track to surpass Walmart and emerge as the leading beauty retailer in the United States by 2025. But how is that so in an industry that particularly thrives on sensory experiences, personal interactions and physical treatments? Although the question is reasonable,...
