May 02, 2024
Amazon Launches Grants, Education Hub for Small Business Owners
Amazon’s B2B procurement store is rolling out new resources designed to help smaller entrepreneurs. It’s all part of Amazon Business’ third annual Small Business Month, the retail giant announced Wednesday (May 1) as...
May 02, 2024
Private Equity Firm Permira Acquires Majority Stake in Fraud Prevention...
Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3 billion, and comes amid a...
May 02, 2024
Amazon’s AI Ambitions Help Fuel Q1 Earning Surge
Amazon reported strong financial results for the first quarter of 2024, as the company doubles down on its artificial intelligence (AI) initiatives and sees a resurgence in its cloud computing division,...
May 02, 2024
55% of High-Earning Consumers and 79% of Gen Z Use...
Whether shopping online or in person, an increasing number of consumers are embracing digital wallets. But the appeal of digital wallets — which include Apple Pay, Google Wallet, PayPal and others — doesn’t end with...
May 02, 2024
Competing With Giants: How Small Businesses Can Optimize Their eCommerce...
This National Small Business Week, merchants are increasingly moving beyond Main Street — and into eCommerce. And with the news that the post-pandemic growth for most Main Street small and...
May 02, 2024
Payment Networks Spotlight Rise of Tokenization and Contactless Payments
Four years ago, the pandemic began to give wings to contactless payments. Now, as shown by earnings results from the likes of Mastercard and Visa, the payment methodology has taken flight. PYMNTS Intelligence data...
May 01, 2024
Carvana’s Inventory ‘Constrained’ as Online Used Car Retailer Posts Record...
Online used car retailer Carvana reported “milestone” first quarter (Q1) results on Wednesday (May 1), fueling a 30% surge in its stock price. This strong performance comes on the heels of...
May 01, 2024
EBay Targets Gains in Back Half of 2024 Amid ‘Tough’...
EBay’s gross merchandise volume (GMV) eked out slight gains in the most recent quarter, but the tally of 131 million active buyers in the quarter was unchanged. And growth may...
May 01, 2024
Consumers Aren’t Buying Many Handmade Trinkets Amid Economic Concern
As consumers continue to feel the economic strain, they are cutting back on buying boutique, handmade items from independent creators, per Etsy’s latest earnings call. The marketplace shared in its...
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.