PYMNTS AM Radar: Tailor-Made Shopping; B2B Saudi Arabia; One-Stop, Back-Office Shop; Trust Factors; ICYMI

Today is Wednesday (May 25), and it’s National Tap Dance Day, so have at it and break a sweat in minutes. It’s also National Towel Day, Senior Fitness Day and National Wine Day, so there’s sort of a theme going.

India is also pulling back on its export of sugar, new home sales dropped for the fourth straight month in April, and the Sue Gray Report (aka Partygate) has been delivered to Boris Johnson, who is expected to address the House Committee.

Here’s what else should be on your radar this morning.

Tailor-Made Shopping. Merchants offering shoppers a tailored online experience are preferred by 30% of respondents in “The Tailored Shopping Experience: Meeting Consumer’s Online Expectations,” a PYMNTS and Elastic Path collaboration. READ MORE

B2B Saudi Arabia. With the aim of boosting digital transformation in the Kingdom of Saudi Arabia (KSA), B2B FinTech provider FOO is expanding its operations in the region, where 51% of the population is under the age of 25. The company will focus on bringing digital banking, central bank digital currencies (CBDCs), virtual cards and tokenization to businesses in KSA. READ MORE

One-Stop, Back-Office Shop. Bowen Pan, head of product at Stripe, told PYMNTS Karen Webster that businesses need a one-stop-shop for digital needs to streamline back-office functions. Stripe Apps and the Stripe App Marketplace are inter-related hubs for payments-related apps as well as 50 apps from leading providers like DocuSign, Dropbox, Intercom, Mailchimp, Ramp and Xero. READ MORE

Trust Factors. Trust is one of the biggest factors driving a consumer to stay with a merchant, according to 85% of consumers surveyed in “Satisfaction in the Age of eCommerce: How Online Merchants Are Cultivating Long-Term Customer Ties,” a PYMNTS and Riskified collaboration. READ MORE

ICYMI. TikTok is testing a new paid model — Live Subscription — to give fans access to subscriber-only features like chats with creators, creator-specific emotes and badges, and other perks. The tool will give creators a steadier income stream while giving subscribers unique access.