One would assume that bargain shoppers would be driving the resale market, but that’s what you get when you assume. According to thredUP’s Q1 2023 earnings report, the marketplace is resonating with premium buyers, not bargain shoppers. According to James Reinhart, the CEO and co-founder...
TikTok has reportedly paused launching its U.S. shopping platform over fears of a ban. ByteDance, the social media company’s Chinese owner, has delayed opening the store, dubbed TikTok Shop, to sellers until June at the earliest, The Wall Street Journal (WSJ) reported Wednesday (May 10),...
Uber has reportedly added flight bookings in the U.K. to fuel its super app ambitions. The changes let customers in Great Britain schedule full journeys via several forms of transportation, the Financial Times reported Wednesday (May 10). According to the report, Uber has begun offering...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Doug Brown, president of NCR, says financial institutions have the opportunity to rebuild trust with consumers by offering personalized...
An estimated $5 billion is lost annually in intra-African trade. And apart from the high trade costs associated with operating in a highly fragmented region, Terence Naidu, founder and CEO at Truzo, an Africa-focused digital escrow service, says a lack of trust among traders has...
Oura has acquired Proxy in a bid to expand into payments and authentication. The acquisition adds Proxy’s digital identity signal platform to Oura’s lineup of smart rings that deliver health data, insights and guidance, the companies said in a Tuesday (May 9) press release. “We...
Corpay and Sunflower Bank, N.A. have teamed up to help clients manage cross-border payments and currency risk. With this collaboration, Sunflower Bank’s clients and their companies will be able to use Corpay’s cross-border solutions to help mitigate foreign exchange (FX) exposure and manage their global...
The hackers have been foiled. At least in one case, and at least for the moment, they have been foiled. But the threats to, and parrying by, GCash, the eWallet service of Globe Telecom Inc. in the Philippines, underscore the fact that bad actors are...
Brands and merchants may benefit by catering to caregivers’ mindset of seeking consistent reliability in baby products. Parents, family members and other caregivers of young children know that if a given product works for little ones, it usually should not be changed. Applicable to nearly...
