“Digital transformation is inevitable, and the companies that can protect the entire customer journey while delivering exceptional experiences will have the advantage.” As transaction volumes soared and millions were onboarded remotely during the lockdowns, cybercriminals had a field day. And they still are having one....
Point-of-sale (POS) installment plans have captured the attention of consumers and merchants, alike, as each explores new credit options to manage spend and boost sales, respectively. For a merchant, the addition POS installment options is often directly tied to an increase in customer frequency, basket...
“Careem” is an Arabic word meaning, in part, “noble, admirable and praiseworthy.” In the case of Dubai-based ride-hailing and delivery platform Careem and its efforts to modernize payments in the Middle East North Africa (MENA) region, add “timely” to the list. The platform’s deal with...
“When customers are given clarifying purchase details by the card issuer, customer confusion is eliminated, and they avoid pursuing unnecessary claims 65 percent of the time.” Transparency and control are fundamental to building consumer trust in digital payments. That’s just how it is now. “This...
“The reality is that many banking processes aren’t yet able to fully take advantage of the cloud, and are relying on systems that can’t automatically adjust capacity.” “What has become apparent over the past 12 weeks,” according to Alessandro Petroni, head of financial services strategy...
China’s push into the world of digital currency is poised to take another big step forward. Ride-hailing giant Didi Chuxing is teaming up with China’s Central Bank to develop a digital yuan for use in the transportation industry. In an announcement on Wednesday (July 8),...
Wall Street has famously been called “both voting machine and weighing machine.” Of course, voting is a bit of popularity contest, and as retail investors (and some institutional ones) crowd into a stock, they can quickly bid its price up — as is happening these...
The idea that money should be able to move instantly between sender and recipient has long been gaining ground in P2P payments, the gig economy, the insurance industry and more. But interest in the concept has virtually exploded over the past several months thanks to...
WhatsApp will be allowed to operate its payments service in Brazil once the company formally seeks permission and shows it can operate in the country without putting customers’ data at risk or violating rules intended to preserve competition, the company’s chief central banker said Thursday,...
