News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

Source: pymnts.com

Open Banking Bumpy but Adoption Curve Better Than Contactless Payments

Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
May 23, 2022  |  Banking

Despite its potential to transform the financial services sector, the rollout of the open banking scheme in the U.K. to provide secure, third-party access to...

READ MORE >
CE100™ Dips, but Rebound in Platform Companies Softens Rough Week
CE100™ Dips, but Rebound in Platform Companies Softens Rough Week
May 23, 2022  |  Connected Economy

In the stock market, there comes a point at which, perhaps, one is satisfied with a less wild ride than is being seen in the...

READ MORE >
FinTech MatchMove Pay Buys eCommerce Startup Shopmatic
FinTech MatchMove Pay Buys eCommerce Startup Shopmatic
May 22, 2022  |  Acquisitions

MatchMove Pay, a Singapore FinTech, has bought eCommerce startup Shopmatic, also from the same country, for $200 million, a report said. Get the Full Story...

READ MORE >
Today in Crypto: Goldman Says Crypto Crash Won’t Seriously Damage US Economy
Today in Crypto: Goldman Says Crypto Crash Won’t Seriously Damage US Economy
May 22, 2022  |  Cryptocurrency

A Goldman Sachs report has said the fall in crypto prices because of recent turmoil likely won’t impact the U.S. economy that much. Get the...

READ MORE >
General Atlantic to Use $2B to Rekindle Interest in Indian, Southeast Asian Startups
General Atlantic to Use $2B to Rekindle Interest in Indian, Southeast Asian Startups
May 22, 2022  |  Investments

General Atlantic, the global private equity firm, will put $2 billion into India and Southeast Asia in the next few years after declining valuations for...

READ MORE >
SWIFT to Test CBDC Ability to Facilitate Cross-Border Payments
SWIFT to Test CBDC Ability to Facilitate Cross-Border Payments
May 22, 2022  |  CBDC

SWIFT, the global provider of financial messaging services, is looking at tests to link various central bank digital currency (CBDC) networks for cross-border transactions, a...

READ MORE >
Bidding for Kohl’s Reportedly Cools as Lenders Are Put Off by Q1 Results
Bidding for Kohl’s Reportedly Cools as Lenders Are Put Off by Q1 Results
May 22, 2022  |  Retail

The deal to sell department store Kohl’s might have hit some hurdles due to financing troubles, Seeking Alpha reported Saturday (May 21). Get the Full...

READ MORE >
Square, VROMO Partnership to Help Restaurants Add Delivery to Menu
Square, VROMO Partnership to Help Restaurants Add Delivery to Menu
May 22, 2022  |  Delivery

Delivery software solution VROMO, which works in the restaurant sector, is partnering with payments company Square to allow more companies to utilize VROMO’s delivery and...

READ MORE >
30% of UAE SMB Customers Pay Online Using Digital Wallets, Highest in 6-Country Study
30% of UAE SMB Customers Pay Online Using Digital Wallets, Highest in 6-Country Study
May 22, 2022  |  SMBs

Digital wallets, including PayPal, Apple Pay and Google Pay, have grown in popularity in recent years and can be an important payment feature for global...

READ MORE >