International 2 news and trends

New UK Law Spotlights Weak Security Features in Smart Devices
Cybersecurity // May 02, 2024

Cybercriminals exploit various avenues to target consumers, with one particularly vulnerable point being bad default passwords. The United Kingdom has taken a step toward closing this security gap by introducing a consumer protection law. Considered the first of its kind globally, the rule sets a precedent in safeguarding consumers...

Tuza Raises $5 Million for Business Card Payments Comparison Site
Investments // May 02, 2024

London-based Tuza secured 4 million pounds (about $5 million) in seed funding for its platform that brings price comparison to card payments in the United Kingdom. The company, which was formerly known as Statement, has compared 1.5 billion pounds (about $1.9 billion) in card turnover for small...

Google Confirms It Will Join Global Experts at AI Safety Summit
Artificial Intelligence // May 01, 2024

As luminaries from academia, government and business prepare to gather in South Korea May 21-22 for the second AI Safety Summit, Google’s attendance is drawing attention. The advanced AI research group Google DeepMind expressed support for the summit but did not verify whether it would attend, Reuters reported....

Marriott Sees Growth After China Lifts Travel Restrictions
Earnings // May 01, 2024

Marriott International saw its revenue per available room (RevPAR) increase 4.2% year-over-year during the first quarter, driven largely by growth in international markets. The hotel chain saw its RevPAR grow 1.5% in the United States and Canada and 11.1% in international markets, according to a Wednesday (May 1) earnings release....

Interviews & Exclusives
Brazilian Shoppers Surpass US, UK Counterparts in P2P Payments

April 24, 2024
Despite outsized growth in Click-and-Mortar™ shopping opportunities in Brazil during the last three years, retailers there still don’t offer 39% of the digital features consumers want.  This is just one finding from PYMNTS Intelligence’s “2024 Global Digital Shopping Index: Brazil Edition,” which was commissioned by Visa Acceptance Solutions and drew on insights from 2,200 consumers and […]

Lack of Working Capital Hinders Mid-Market Performance in APAC

April 15, 2024
The Asia-Pacific (APAC) region contributed roughly two-thirds of global growth last year. PYMNTS Intelligence recently studied Growth Corporates, or mid-market firms, in the APAC region to determine how they leveraged...

Nearly 41% of UK Consumers Are Considered ‘Digital Enthusiasts’ 

April 05, 2024
In compiling the “U.K. Edition of the 2024 Global Digital Shopping Index,” PYMNTS Intelligence found that when compared to consumers in other regions, U.K. consumers are highly receptive to digitally-enhanced...

Eight in 10 EU Mid-Market Firms Needed Working Capital Solutions in 2023

March 28, 2024
European middle-market firms have the second-highest need for working capital solutions. That’s according to “The 2023-2024 Growth Corporates Working Capital Index: Europe Edition,” a PYMNTS Intelligence and Visa collaboration that...

Quick Reads
Tuza Raises $5 Million for Business Card Payments Comparison Site

May 02, 2024
London-based Tuza secured 4 million pounds (about $5 million) in seed funding for its platform that brings price comparison to card payments in the United Kingdom. The company, which was formerly known as Statement, has compared 1.5 billion pounds (about $1.9 billion) in card turnover for small businesses since its launch in September, aiming to help these […]

Marriott Sees Growth After China Lifts Travel Restrictions

May 01, 2024
Marriott International saw its revenue per available room (RevPAR) increase 4.2% year-over-year during the first quarter, driven largely by growth in international markets. The hotel chain saw its RevPAR grow 1.5% in the...

Samsung Overtakes Apple in Smartphone Sales, Driven by On-Device AI

April 30, 2024
Samsung overtook Apple to become the world’s highest-volume seller of smartphones in the first quarter. To become the new holder of the No. 1 spot, Samsung shipped 60 million units during the quarter,...

BoE Urges UK Payment Firms to Upgrade Operational Resilience

April 30, 2024
Are companies offering payments services in Great Britain prepared for disruptions such as cyberattacks? Sasha Mills, executive director for financial market infrastructure (FMI) at the Bank of England (BOE) said there...