Global Finance

OCTOBER 16, 2024

Asia is the engine room of world economic momentum: it will account for 60% of global growth in 2024, according to the IMF, and has 60% of the world’s population. Instead of building payment networks from the ground up, forward-looking institutions are leveraging partnerships for innovative solutions.

Currencies 105

Currencies Economics Leadership Banking 105

PYMNTS

JULY 27, 2020

The pandemic-related economic downturn is making consumers wary of payment methods that can worsen their debts. Consumers will continue to monitor their spending and adjust their purchasing behaviors as they confront the worldwide economic slump. Buy now, pay later (BNPL) solutions are steadily gaining favor in the U.S.,

eCommerce 58

eCommerce Retail Economics Sales 58

PYMNTS

MARCH 21, 2016

Indian payments startup Paytm has hired Alibaba’s head of wholesale business to steer its growth and build a stronger collaboration with the Chinese eCommerce giant. Paytm is in a similar space to Alibaba, so I can leverage my China experience.”. “The fuel for growth is similar.”. “The fuel for growth is similar.”.

eCommerce 40

eCommerce Communication Leverage Startups 40

PYMNTS

MAY 24, 2017

Location is everything, and PlaceIQ has created a new way for retailers to leverage it. The challenge was compounded by the economic recession in 2008. “We The eCommerce giant will be licensing PlaceIQ’s LandMark technology to make sense of their own data, rather than reinventing the wheel to do so.

Leverage 42

Leverage Retail Construction Manufacturing 42

PYMNTS

SEPTEMBER 9, 2020

The virus itself is not the only factor in play, however, with the devastating economic downturn and record-high unemployment rates also sharply reducing consumers’ purchasing power and their willingness to make retail purchases. As such, SMBs are embarking on eCommerce initiatives in record numbers. A PYMNTS study found that 71.7

Retail 67

Retail eCommerce Leverage Invoicing 67

PYMNTS

SEPTEMBER 9, 2020

Just as the pandemic has accelerated the adoption of new eCommerce technologies, it might also hasten the demise of Black Friday as we’ve known it. In this case, the driving force is retailers’ prediction of surging eCommerce demand as 2020 closes out. When anything is “years ahead of plan,” it’s worth looking at more closely.

eCommerce 76

eCommerce Retail Sales Leverage 76

PYMNTS

DECEMBER 18, 2020

Consumers redeemed more than $31 billion in eCommerce coupons in 2019, with untold other offers clipped from newspapers and receipts and cashed in stores. Determining how to make the most out of promotions and coupons has even become something of a hobby among some consumers, spurred on by reality shows like “ Extreme Couponing.

Retail 110

Retail Sales Manufacturing eCommerce 110

PYMNTS

JULY 23, 2020

Flexible in-store payment plans that can help consumers handle both everyday and big-ticket purchases are gaining popularity in the United States, where the pandemic’s economic effects are causing consumers to temper their spending. Deep Dive: Demand For In-Store And eCommerce BNPL Offerings Rise During Health Crisis.

Retail 72

Retail Leverage Economics Budgeting 72

PYMNTS

NOVEMBER 9, 2016

Enter the economy of trust: a simple but powerful concept that has the bank front and center in creating a trusted foundation that can be leveraged across all of its payments, banking and financial services touchpoints. Leveraging The Trust Factor. This would provide a high-level assurance that a person is who they say they are.

Banking 78

Banking Leverage Securities eCommerce 78

PYMNTS

OCTOBER 20, 2020

In the Great Reopening: Shifting Preferences edition, for example, we discovered the Digital Shifters —four consumer personas forged by the COVID-19 episode — and what’s likely to be their lasting impact on spending, and the near-term prospects of a true economic recovery.

Retail 88

Retail Economics eCommerce Leverage 88

PYMNTS

OCTOBER 1, 2020

The current level of economic uncertainty has prompted OAK + FORT to focus primarily on its eCommerce segment, according to Cooper Watts , the company’s director of IT and eCommerce. The business launched an eCommerce website serving worldwide in 2010, he explained in an interview with PYMNTS.

eCommerce 84

eCommerce Retail Planning Leverage 84

PYMNTS

SEPTEMBER 16, 2020

The September Subscription Commerce Tracker ®: eCommerce Goods And Direct-To-Consumer Edition examines the rise of D2C consumer goods subscriptions and the factors that keep subscribers loyal. Deep Dive: How Subscription Companies Are Leverag ing Pause Options To Retain Customer Loyalty. Find the full story in the Tracker.

eCommerce 87

eCommerce Leverage Investments Economics 87

PYMNTS

OCTOBER 12, 2016

Wall Street appears to be loving Walmart’s new strategy to slow down its store openings and place an emphasis on its eCommerce business. While Walmart CEO Doug McMillon told analysts at the company’s annual investor meeting last week that Walmart was even more bullish on eCommerce and a digital transformation than most realized.

eCommerce 60

eCommerce Retail Leverage Economics 60

PYMNTS

OCTOBER 21, 2020

At the start of this year, online commerce trends were following a similar trajectory to 2019: eCommerce sales were steadily growing, but they were still a fraction of those at brick-and-mortar stores. Then came the COVID-19 pandemic, triggering a massive shift online as stores closed and consumers grew wary about venturing out.

eCommerce 63

eCommerce Healthcare Compliance Currencies 63

PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. consumers are also upping their eCommerce mobile app use. The Pandemic And The Privacy Question . For example, a September report found that the number of open banking users in the U.K.

Banking 77

Banking eCommerce Securities Leverage 77

PYMNTS

DECEMBER 4, 2020

That’s because when adjusted for three fewer selling days and one less weekend, there was almost no decline at all — meaning an economically crucial rebound in U.S. Nonetheless, the improvement is a positive sign for the country’s economic recovery.”. Headline data showing a 15 percent drop in November U.S. car sales is still intact.

Sales 73

Sales Leverage eCommerce Economics 73

PYMNTS

JUNE 9, 2020

Retailers, he said, can leverage the key assets of distribution as they strive to meet those expectations. Proof of delivery will also continue to become a key part of eCommerce, he said, done through contactless means, where consumers pull out their own phones and scan codes on parcels.

Retail 92

Retail Sales eCommerce Leverage 92

PYMNTS

FEBRUARY 26, 2020

Much of the transition from physical to digital — and the leap into eCommerce — comes down to fulfillment. At a high level, fulfillment in the grocery store setting means leveraging data to make sure the right inventory is on hand so that shoppers who order ahead get the items for which they paid. grocery retail, at 3.5

eCommerce 65

eCommerce Retail Investments Sales 65

PYMNTS

JANUARY 15, 2021

Amid the pandemic, social distancing and stay-at-home orders kept shoppers away from brick-and-mortar stores, and the resulting economic downturn left consumers with less disposable income. The 2020 holiday season has been vastly different from seasons past, however.

Retail 63

Retail Leverage eCommerce Securities 63

PYMNTS

DECEMBER 30, 2020

Debit has become exceedingly popular over the past year as social distancing and stay-at-home orders reduce consumers’ cash reliance and the ongoing economic decline and rising unemployment rates make them wary of taking out loans or leveraging credit. Debit Fraud Threats In The Time Of eCommerce.

Banking 66

Banking eCommerce Leverage Numbers 66

PYMNTS

AUGUST 17, 2020

The eCommerce retailer also noted that mobile daily active users in June 2020 rose by 40 percent compared to June 2019, according to a Monday (Aug. The news comes as China’s largest eCommerce shopping event since the coronavirus put fear into the economy of Asia netted $136.5 reported that annual active customer accounts jumped by 29.9

GAAP 54

GAAP eCommerce Retail Leverage 54

PYMNTS

SEPTEMBER 23, 2019

The bigger picture plan for Western Union, according to Ersek, is to leverage the firm’s roots in C2C remittances and extensive global relationships with financial services players to build a platform ready to power the next-generation payment experiences for businesses and FIs for their “diverse cross-border payments needs.”.

Accounting 82

Accounting Banking B2B B2C 82

PYMNTS

SEPTEMBER 16, 2020

One in three eCommerce retailers is expected to offer BNPL solutions by the end of next year, for example, as the $1.9 Larger merchants and eCommerce sites were the first to jump into the reanimated installment payments market when BNPL debuted in its digital form about four years ago. trillion industry continues to gain customers.”.

eCommerce 57

eCommerce Retail Leverage Economics 57

PYMNTS

JANUARY 23, 2020

It is expected to speed delivery by one or two days to meet the rapid acceleration of eCommerce. Uber CEO Dara Khosrowshahi called his company the “global leader in ride-sharing,” at the World Economic Forum in Davos, Switzerland, and the most likely to become profitable. Uber CEO Says Firm Leads In Race To Ridesharing Profitability.

eCommerce 52

eCommerce Economics Currencies Leverage 52

PYMNTS

NOVEMBER 24, 2020

At a time when economic uncertainty looms large around the world, double- and triple-digit growth metrics are simply too large to be ignored. The one thing that will keep the commitment to – and investment in – D2C humming along is growth. Brands will need to build up their omnichannel muscles in order to compete,” Sticky.io

Retail 62

Retail Manufacturing eCommerce Prioritization 62

PYMNTS

JUNE 22, 2020

She said two truths that unite the otherwise diverse community of SMBs are that small businesses are economically vital, but extremely fragile. And second, the Opportunity Fund has also seen that every dollar it lends to an SMB creates $2 in local economic activity in the form of wages, spending and tax revenues. I Think We Can Do It’.

Nonprofit 98

Nonprofit Economics Banking Leverage 98

PYMNTS

DECEMBER 3, 2020

unemployment rates and economic uncertainty, he said those factors haven’t really changed things within the practices and providers that Rectangle Health serves. patients have historically paid at least part of their medical bills within the office at the point of care, and Peluso said the industry has struggled to move past that model.

Healthcare 85

Healthcare Retail Leverage Technology 85

PYMNTS

APRIL 3, 2020

The ongoing coronavirus pandemic and resulting economic crisis are reshaping the way business is done — and the way we pay. ISVs and developers are doubtless going to see more chargebacks as the economic toll of the recession deepens and as consumers push for refunds, a trend that is already evident in hospitality and airline verticals. “We

Economics 60

Economics eCommerce Leverage Securities 60

PYMNTS

SEPTEMBER 14, 2020

consumers spent approximately $347 billion at eCommerce retailers within the first six months of 2020, whereas they spent $267 billion during the same period of time a year before. . Recent data revealed that U.S. After reading up on it, I thought this would be something my customers would be interested in,” Tillman said.

eCommerce 65

eCommerce Retail Sales Leverage 65

PYMNTS

AUGUST 14, 2017

The software-as-a-service (SaaS) eCommerce platform is called Sky.Garden, and merchants use its virtual shelves to peddle everything from mobile phones and electronics to fashion, from household items and décor to art, and even safety equipment. The Place Of eCommerce in Africa. Africa is getting its own version of Amazon.

eCommerce 52

eCommerce Transportation Advertising Leverage 52

PYMNTS

NOVEMBER 30, 2020

With eCommerce expected to continue its inexorable climb through the holiday season , it’s open season on open porches. But, as Stuppy noted, it’s possible by properly leveraging data to lock out the fraudster, usher in the customers and learn to tell when the latter is behaving like the former. Some will be attempts at theft.

Leverage 81

Leverage Sales Retail eCommerce 81

PYMNTS

AUGUST 11, 2017

billion in a funding round for Flipkart, the India eCommerce shopping company, marking the largest private investment in the country’s consumer tech market. According to a news report in The Economic Times , with the $2.5 SoftBank, the technology investment firm, has invested $2.5

eCommerce 40

eCommerce Economics Investments Leverage 40

PYMNTS

APRIL 8, 2020

” Any B2B eCommerce platform to facilitate sales, however, must be ingrained with payments security and buyer-supplier trust. “Companies have been trying to leverage new technology and more flexible business models to manage their working capital and their balance sheets,” Angrick said. Business Model Flexibility.

B2B 69

B2B eCommerce Currencies Leverage 69

PYMNTS

JULY 28, 2020

Consumers today are especially likely to use their debit cards for their eCommerce purchases or to make in-store purchases with mobile wallets, and card-not-present (CNP) transactions represented 43.1 The July Next-Gen Debit Tracker® digs into how debit payments are being leveraged to support consumers during the pandemic.

Nonprofit 85

Nonprofit Treasury Leverage eCommerce 85

PYMNTS

MAY 20, 2020

Emotionally, it is about a feeling of safety a consumer has in an interaction; functionally, it is about whether the customer can quickly and easily leverage the payment methods they want and check out smoothly and seamlessly without issue. Trust may have taken on a whole new relevance in the commerce world.

Retail 75

Retail Economics eCommerce Currencies 75

PYMNTS

SEPTEMBER 9, 2020

Shoppers are also more reluctant to take out credit lines as ongoing economic uncertainties make it difficult for them to determine whether they will be able to repay their debts on time. The September Next-Gen Debit Tracker® digs into how consumers’ debit usage is shifting to drive a massive surge in eCommerce purchases.

Retail 64

Retail Securities eCommerce Leverage 64

PYMNTS

JANUARY 1, 2021

Smart ATMs are being leveraged en masse to provide a similar range of banking transactions as can be accomplished by human tellers, and many banks are also deploying virtual video meetings so customers can interact with bank staff without leaving the comfort and safety of their homes.

Profit and Loss 103

Profit and Loss Banking B2B Retail 103