To price an auto insurance policy for a family that includes drivers sharing multiple vehicles, insurers often must assess risk by averaging it over the family and vehicles. “That works, but they can do a better job if they know more about which person is...
It may be hard to believe, given the massive downturn the markets took on Friday, but there were some positive performers in the CE100™ Index. A couple of firms even managed to log gains for the week, but not enough to help the overall Index...
Today in the connected economy, messaging service Telegram announces plans to let its users send and receive payments using cryptocurrency. Also, Yuga Labs — makers of the Bored Ape Yacht Club — prepares to sell $300 million worth of virtual land in the metaverse, while...
Sixty-one percent of consumers purchased almost exclusively daily essential items like gas, health products and food in March, according to “The ConnectedEconomy™ Monthly Report,” which is based on a PYMNTS survey of roughly 2,500 U.S. consumers. Get the report: The ConnectedEconomy™ Monthly Report Among these...
Today in the connected economy, Amazon brings Prime movie and TV rentals to India in an effort to tap into a hugely popular streaming market. Plus, Amazon works with hearing aid maker Starkey to help customers who have the Fire TV Cube better hear their...
Today in the connected economy, WhatsApp is offering cash back rewards on peer-to-peer (P2P) payments in an effort to entice new customers in India. Plus, Charter Communications and Comcast team up to launch a new streaming service, and Klarna hopes to expand its buy now,...
Given the money invested and work hours put in, the digital transformation of payments and the ecosystems connected by them is still in its early days, with some standout exceptions. In the landmark 11-nation study “Benchmarking the World’s Digital Transformation,” a PYMNTS and Stripe collaboration,...
Today in the connected economy, Revolut CEO Nik Storonsky says the company needs to expand into the world of crypto wallets and mortgages on its road to becoming a super app. Plus, Amazon Japan teams up with payments startup Adyen, and payment processor Stripe launches...
Most consumers may be paring back their spending to stick to the essentials, but an increasing number nevertheless are proving willing to pay the premium for convenience when it comes to buying groceries. Online grocery adoption is on the rise, according to data from PYMNTS’...
