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For some small businesses, taking steps to digitize might feel like a game of Frogger. How does one know when to leap into a new technology without getting hit with issues like implementation problems, technical challenges and the threat of a wasted investment? What’s more, how can a business feel confident in embracing a new technology when the next generation of an innovation could be just around the corner?
The dark web – it’s easy to view it as murky, an ocean of illicit activity, with swarms of bad actors acting badly, trading stolen data for – maybe – stolen dollars. Then again: Might there be some usefulness amid the murk? CNBC reports that, yes, the dark web may harbor a reputation of hiding an underground economy or economies, where commerce dabbles in everything from stolen financial records to firearms.
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If one were looking at the economy a decade ago, Stripe COO Claire Hughes Johnson told Karen Webster, the biggest challenge businesses faced in growing was clear: access to capital. Ten years ago, the economy was in the midst of the “Great Financial Crisis,” and businesses were reeling from the credit crunch that came along for the ride. The last 10 years have changed the playing field a lot.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
The summer, now drawing to a close, brought significant payments and commerce activity outside the Western world. A new PYMNTS story offers an in-depth look at all the recent digital happenings in India — a country that’s experiencing more competition from the likes of Google , Amazon , Walmart-owned Flipkart and Alibaba. Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate.
Imagine this: You are watching a movie or TV show at home —it’s been a long week and you are vegging out, a glass a wine on the table — and you decide you like a shirt worn by one of the characters, or that you enjoy a particular documentary so much that you want to further explore the subject via a book. You use your remote or mobile device to make such a purchase before giving all your attention back to the action on the screen.
Imagine this: You are watching a movie or TV show at home —it’s been a long week and you are vegging out, a glass a wine on the table — and you decide you like a shirt worn by one of the characters, or that you enjoy a particular documentary so much that you want to further explore the subject via a book. You use your remote or mobile device to make such a purchase before giving all your attention back to the action on the screen.
A new report says that India’s e-commerce market could hit $150 billion by 2022 due to rising incomes and a boost in Internet users. The report by software industry lobby group Nasscom and consulting firm PwC India — called “Propelling India Towards Global Leadership in eCommerce” — says that India’s eCommerce industry is expected to contribute 4 percent of GDP by 2022.
To help consumers experience new ways to pay, Visa has announced a new relationship with New York Fashion Week: The Shows. Through the on-site experience, consumers will be able to tap to pay with contactless cards and devices, the company said in an announcement. “We are constantly exploring sponsorship opportunities to help us diversify our brand and reach new audiences, while delivering experiences that drive business priorities,” Mary Ann Reilly, senior vice president for North America marke
PayPal President and Chief Executive Dan Schulman announced on Thursday (Sept. 6) that the number of active accounts on its platform recently surpassed the 250 million mark. In a company blog post , Schulman said this marks an important milestone for the digital payments company. “On Feb. 27, 2017, we announced that we had surpassed 200 million active accounts.
To provide streamlined walk-in bill payment services, PaymentVision is teaming up with MoneyGram. PaymentVision provides merchant processing and offers electronic payment processing technology for a variety of verticals, the company said in an announcement. PaymentVision Vice President of Marketing Eugene O’Rourke said the new partnership makes “it easy for consumers to reliably process cash payments in-person at thousands of walk-in bill payment centers across the nation and seamlessly post act
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Greece’s first challenger bank has chosen bank technology provider Temenos to implement its core banking technology, according to reports in Global Banking & Finance Review on Thursday (Sept. 5). The bank aims to focus on small business (SMB) and consumer lending, as well as digital financial services for its customers. Working with Temenos will enable the bank to offer all-digital onboarding and services for its clients, the company said.
Click-and-collect and delivery aren’t the only options for grocers to provide eCommerce ease to their customers: They can also let customers shop through mobile stores in front of their homes. And, with the help of self-driving technology, these vehicles can reach consumers without the need for a driver at the wheel. Companies such as AutoX are seeking to disrupt this space by bringing the grocery store experience home to customers with its self-driving vehicles.
People don’t just go see a movie when they go out to the movies. They eat dinner in a restaurant. They snack on popcorn. They have cocktails before the coming attraction starts or after the end credits roll. They treat it as a date. They bring the kids and treat them to a special outing. Movies are about more than movies — and that’s what’s driving Rifat Oguz, CEO and founder of Sinemia , as he not only tries to exploit an opening left by a rival ticket subscription service, but as he plans out
Investors this week placed more than $447 million in B2B FinTech startups, with the biggest investment rounds landing at companies that address more than one point of friction. Take Udaan , for example, an Indian B2B eCommerce startup that plans to use its latest venture capital raised to introduce business financing and warehousing solutions for its corporate customers.
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
The enterprise is still unsure about faster and real-time payments. With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. Yet there is some adoption of faster payment technologies among corporates. In the U.S., NACHA found B2B payments made up 6 percent of the nearly 2 million same-day ACH transactions that occurred in the first 11 days the service went live.
The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments, online and mobile commerce, and related areas. According to a recent statement , the Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have signed a deal “that provides a framework for cooperation and referrals between the innovation teams of each authority.”.
What does the future hold for the plastic payment card? Will it go the way of the check — still in use, but seemingly out-of-date, as more consumers use mobile devices for transactions? Or will cards with cutting-edge technology win more loyalty from shoppers? Such questions are addressed in a new PYMNTS story that features an interview with Sebastien Clamagirand, general manager of secure payment and identity at NXP Semiconductors.
Nigerian digital payments startup Paga has received $10 million in funding as it prepares to expand into other countries. CEO Tayo Oviosu announced at Disrupt San Francisco, according to reports , that the company is planning to release its payments product in Ethiopia, Mexico and the Philippines as it plans to compete with heavy hitters, such as PayPal , Alipay and Safaricom’s M-Pesa.
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There are some B2B FinTech segments that are mainstays with investors. Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain popular investment targets. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask. The largest investment rounds landed at companies offering full-suite services, like South Africa’s Yoco , which offers small business enterprise software, performance analytics and a poin
Visit one of the places where time still crawls — New Orleans, for instance, inside a dive bar where the beer and tobacco odors have more years on them than the regulars — and you might see one: a glass, metal and plastic box squatting along some wall, its coin slot and thick pull-handles ready to serve any boozer in need of quick nicotine. Cigarette vending machines have earned their place in discussions of Americana and barroom history.
While the “mobile everything” future has been long predicted, as of the second half of 2018, we are actually beginning to see the shape of what that will look like. There will be more competition, as players like Uber try to tap more directly into the mobile payments enthusiasm they helped invent, and as enthusiasm for mobile wallets continues to creep up.
In the aftermath of an accident or loss, filling out an insurance claim is never an enjoyable experience. However, when that time comes, consumers want, and expect, to be able to access their funds quickly so they can afford to pay for recovery and repairs — and get back to normalcy. Unfortunately, it’s rarely so simple. Insurance settlements have long been processed by legacy payment methods and often entail lengthy processing times — pain points which often keep customers from quickly accessi
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Ecuador announced last week that it needs to borrow more than $1.1 billion from international lenders as the country tries to fix its deficit. The Financial Times reported that one of the loans includes $500 million from a repurchase agreement with U.S.-based Goldman Sachs. The country’s finance ministry said it would pay that loan back at 4.25 percent over three-month Libor to the bank, which is around three percentage points below the market rate for Ecuadorean debt.
Enterprise software firm SAP is enhancing its SAP Business ByDesign solution to support growing middle-market companies. Reports in Codestone said Business ByDesign, which is updated every quarter, has enhanced its functionality with boosted data security and streamlined processes. The solution is designed to provide Enterprise Resource Planning (ERP) solutions to middle-market firms that are too small for a full-scale ERP system.
. Original research. Thousands of individuals and companies surveyed. Insight all manner of subjects – from mobile shopping to digital banking to self-service kiosks and beyond. The PYMNTS trackers and indexes offer all this and beyond, with an eye on where we’ve been and where we might be headed. Yes, Labor Day is upon us, with a bit of time to rest and reflect.
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