In the push to be part of global commerce, businesses face a range of complexities. As companies seek to have a range of collection and payment options on hand beyond simply accepting cards, they must strive to offer localized choices. It’s no easy task — merchants...
Zurich-based Credit Suisse is reportedly considering new ways to slash its costs after a poor performance in the last quarter. An unnamed source told the Swiss newspaper SonntagsZeitung that the bank’s numbers are “catastrophic” and that staff morale has been low, Reuters reported Sunday (July...
Barclays is reportedly buying a stake in crypto company Copper, which counts former U.K. Chancellor of the Exchequer Philip Hammond as an investor. According to unnamed sources, the lender will be joining a Copper funding round and investing a “few million” dollars, Bloomberg reported Sunday...
There’s likely to be a downturn in consumer-packaged goods (CPG) sales due to shoppers opting for cheaper store brands amid inflation and rising food costs. Own-brand labels have gotten more market share in Europe in the past month, the Financial Times reported Saturday (July 23),...
As PYMNTS discusses in the Cross-border Retail Payments Tracker, eCommerce merchants increasingly recognize the importance of catering to international customers. Read the report: The Cross-border Retail Payments Tracker For example, a 2021 study of the top 50 eCommerce websites found that 46% of them offered...
Business-to-business (B2B) payments and services provider PayMate India Limited is launching a new solution on its platform that integrates utility bill payments using Visa and other commercial credit cards enabling customers to pay expenses for landlines, electricity, water, broadband and more. “Due to the COVID-19...
Even businesses that have entirely digitized their consumer-facing operations may still have work to do in transforming their business-to-business (B2B) processes. One of the most critical business functions in need of digitization is invoicing. While larger corporations have invested in electronic invoicing technology, most small...
In news from the Middle East and North Africa (MENA), the United Arab Emirates is a cornerstone of the regional economy, attracting international investment and acting as a base for many global companies that do business in the wider region. But more than just a...
Open banking continues to grow and so do regulatory frameworks that aim at fostering its use. In countries like the U.K. or Europe, this process is regulatory driven and regulators are likely to bring new developments in the second half of 2022. In the U.S.,...
