Consumers are growing to expect instant disbursements across all industries, and the gaming and gambling industry is no exception. Numerous U.S. states are moving toward legalizing online gaming, which is prompting a host of collaborations intended to give players their winnings — fast. The eSports...
Payments and technology solution provider Transcard rolled out a way for FinTechs, banks and companies to harness different payment rails or payment types to pay vendors and consumers, according to a Thursday (July 15) announcement emailed to PYMNTS. The Software-as-a-Service (SaaS) offering, which is called...
Enabling merchants to accept payments is a straightforward process that offers the customer many options for how they want to get the transaction done. The simplicity and reliability of the process often leads to an erroneous assumption that pushing payments out to a consumer —...
Blackhawk Network is teaming up with the state of California to offer digital gift cards as an incentive to get vaccinated, the global payments provider announced in a press release Wednesday (June 2). The first 2 million eligible residents of California who complete the COVID-19...
Mexico-based ToditoCash, a FinTech payments processor, has disbursed 200,000 cash payments for social media platform TikTok, according to a press release. TikTok has been running a promotion for its app that gives users cash when they recommend it to friends, the release stated. It pays...
The online marketplace economy has thrived during the pandemic as sellers have flocked to platforms to reach larger audiences for their goods and services. Seventy-eight percent of entrepreneurs and 62 percent of Main Street businesses — those generating up to $10 million in sales — in one September 2020 PYMNTS study reported using...
eCommerce on the whole has surged over the past year, but the growth in online marketplaces has been particularly notable. Selling on these platforms is becoming more and more attractive to consumers and smaller businesses, as doing so allows sellers to reach a wider pool...
Online spending in the United States reached $861 billion in 2020, a 44 percent jump from spending in 2019. A higher amount of this spending occurred on digital marketplaces where multiple businesses can list a variety of goods and services for buyers, with the number...
More consumers have been turning to gig platforms both as a source of new income and to order restaurant meals, groceries or other goods for greater convenience since the start of the pandemic. The value of these platforms has, in turn, continued to expand over...
