May 10, 2023
J.P. Morgan Payments’ Georgakopoulos: Internet of Things and Embedded Finance...
No one wakes up, grabs their phone and declares, I’m going to go omnichannel shopping today. But here we are, three years after the pandemic took root, navigating online and...
May 10, 2023
Digital Escrow Helps Africa’s SMBs Bridge Trade Trust Deficit
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...
May 09, 2023
Corpay and Sunflower Bank Team Up on Cross-Border Payments
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...
May 09, 2023
Report: Walmart to Expand Capabilities of Digital Wallet in Mexico
Walmart of Mexico and Central America (Walmex) is reportedly looking to expand the capabilities of its digital wallet. The company said it expects to add transfers, withdrawals and remittances, possibly...
May 09, 2023
Toast Woos SMBs With Pricing Tools, Courts Major Chains With...
As restaurant technology providers compete for eateries’ loyalty, small independents and major brands are looking for different capabilities and features, Toast noted on its latest earnings call. The cloud-based restaurant...
May 09, 2023
8fig Raises $140 Million to Support eCommerce Firms
Funding and management platform 8fig has raised $140 million to help eCommerce firms navigate a tough financing landscape. The company announced its Series B Tuesday (May 9), saying it would...
May 09, 2023
Costco Reports Declines in eCommerce and Discretionary Sales in April
At Costco, eCommerce and discretionary items saw declines in sales in April. During the four weeks that ended April 30, the membership warehouse club recorded a year-over-year increase in total...
May 09, 2023
Delivery Versus Pickup Preference Comes Down to Money
Consumers face the choice between the effort to pick up and paying for bring-it-to-me convenience when buying goods. PYMNTS researched three categories — retail, restaurant meals and groceries — and...
May 09, 2023
Footwear Retailers Launch Branded Resale, but Who’s Buying?
While apparel retailers are increasingly making forays into branded resale, creeping behind is footwear. Recently, Toms Shoes launched its resale initiative in partnership with thredUP and Sam Edelman in partnership...
The U.S., U.K. and Europe are intensifying their efforts to develop and deploy the policies and infrastructure necessary to advance the use cases and real time payments volume of their domestic networks. This month’s “Real-Time Payments World Map,” a collaboration with The Clearing House, explores the progress and future developments of real-time payments across these regions.
The United Arab Emirates boasts a robust digital market, with 89% of retail shoppers leveraging digital tools in physical stores and the second highest ranking in customer satisfaction among the six countries studied. A new 31-page PYMNTS Intelligence report, “2024 Global Digital Shopping Index: UAE Edition,” commissioned by Visa Acceptance Solutions, examines the state of digital shopping in this country where merchants are challenged to keep pace with shopper’s digital needs.