June 28, 2024
Price Wars: Amazon and Walmart Escalate Race to the Bottom

This week in the ongoing battle between retail giants Amazon and Walmart, the two companies are upping their discounting efforts in an effort to secure the loyalty of cost-conscious consumers....

June 27, 2024
Sezzle Expands Rewards Program to Canada After Success in US

Buy now, pay later (BNPL) firm Sezzle has expanded Payments Streaks, a program that rewards users for consistently making timely payments, to Canada, with the exception of Quebec. This move...

June 27, 2024
Are Stablecoins Winner-Take-All?

Stablecoins have the potential to significantly increase competition in payments and financial services, although achieving this is not certain. Success hinges on fostering a diverse ecosystem with multiple issuers and...

June 27, 2024
Regulating Digital Currencies: Ensuring an Efficient and Competitive Payment Market

There is consensus that promoting competition and innovation is a foundational principle in regulating Central Bank Digital Currencies (“CBDCs”). Competition with existing means of payment (“inter-system competition”) should always be...

June 26, 2024
Rainforest Raises $20 Million to Expand Embedded Payments Offering

Payments provider Rainforest has raised $20 million to expand its embedded payments offering. The Atlanta-based company said it will use funds from the Series A round, led by Matrix Partners, to advance...

June 26, 2024
Trending: How Energy Efficient LLMs Could Boost GenAI Use in...

UC Santa Cruz researchers have devised a method to significantly reduce the energy costs of running large language models. It’s a development that could significantly impact the use of artificial...

June 26, 2024
Western Union Grows Africa Retail Presence Via Morocco ‘Concept Store’

Western Union is bringing its “concept store” concept to Africa with a new outpost in Morocco. The money transfer service announced the store — its first on the continent —...

June 26, 2024
Consumers Are Tired of Merchant Surcharges and Tipflation

Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and tipflation. The PYMNTS Intelligence report...

June 26, 2024
Flipkart Launches UPI Payment App Offering Cashback Rewards

Walmart-owned Indian eCommerce firm Flipkart has launched a Unified Payments Interface (UPI) payment app that offers up to 5% cashback on purchases. The new super.money app is available on the Google Play...