The common view about Africa – once found in recent PYMNTS coverage – is that the vast, varied and massively populated continent represents the next frontier for eCommerce. The middle-class and disposable incomes are growing in many African countries. Although consumers are still without formal access to traditional...
Consumers are looking to have unique experiences that are worth their time and money, whether that means heading backstage to meet the Rolling Stones, enjoying a private meal with a celebrity chef or learning to ice skate with an Olympic medalist. Platforms have been following...
If the last mile of eCommerce lies with logistics — getting goods where they need to go — the “last mile” in digitizing payments processes may lie within payments automation. Managing cash flow, after all, is a balancing act between cash in (being paid) and...
The platform economy is being transformed by an increased demand for faster payments bolstered by mobile usage, according to the latest Payments and the Platform Economy Playbook. It’s also accommodating changing customer expectations for personalized and customized offerings. The global digital payments market was valued...
Ticket sellers want to get paid instantly and without any surprise fees. But marketplaces that can’t do that risk alienating sellers, says Brett Goldberg, CEO of TickPick. In the latest Payments and the Platform Economy Playbook, Goldberg discusses how instant payments and a simplified, transparent...
Instant payments are becoming crucial to consumers participating in the platform economy. These consumers want to be sure that they can both send and receive money seconds after they’ve completed a transaction. To meet this need, platforms are searching for new ways to bring instant...
The most interesting story about Facebook since the Cambridge Analytica scandal broke is one that hasn’t really been written. And it’s the one about the value platforms can create for their customer groups, at scale. Despite the news over the last year or more about...
Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. With payments coming in by check, DadeSystems Chief Marketing Officer Tom Berdan told PYMNTS in an interview that “seemed to solve...
FinTech firms are taking on real-time payments for business-to-business (B2B) use cases – and teaming with banking partners to drive innovation. AvidXchange, for instance, worked with Fifth Third Bank to enhance B2B payments while leveraging the inherent capabilities in the RTP network from The Clearing...
