August 05, 2024
Nuvei Set to Acquire Brazil’s Pay2All
Canadian payments FinTech Nuvei is set to acquire Brazilian payments institution Pay2All. The deal, announced Monday (Aug. 5), is designed to expand Nuvei’s capabilities in Brazil and its presence in...
August 05, 2024
Budget-Strapped Shoppers Splurge on Small-Ticket Items, Scrimp on Major Purchases
This week in paycheck-to-paycheck shopping news, retail brands are sharing that consumers are becoming less cautious in their spending on small purchases such as groceries, even as they continue to...
August 05, 2024
Layer2 Raises Over $10 Million for Cross-Border B2B Payments Offerings
Cross-border payments infrastructure platform Layer2 Financial raised $10.7 million in a Series A round. The new funding will allow Layer2 to enhance its infrastructure, which uses fiat and digital currencies...
August 05, 2024
Branded, Faster Checkout Options Gain Momentum as PayPal, Shopify Report...
If there’s a common theme emerging among eCommerce platforms this earnings season, it’s that the last moments of a transaction are continually being refined and streamlined. PayPal reported earnings Tuesday...
August 05, 2024
Mars Bids for Snack Giant Kellanova in $30 Billion Deal
Mars is reportedly in discussions to acquire snack maker Kellanova in a deal worth about $30 billion. The purchase could come about “imminently,” The Wall Street Journal reported Monday (Aug....
August 05, 2024
One Inc CEO Says Insurance Market Is Ripe for Embedded...
In the connected economy, there are simple business models (think subscriptions), complex business models (think platforms like Uber), and then there’s insurance. The insurance sector is so large and complicated...
August 04, 2024
Axiad Raises $25 Million to Bolster ID Verification Offerings
Identity security firm Axiad has raised $25 million in a new funding round. The financing, announced last week, will be used for product development, hiring, enhanced sales/marketing efforts and to...
August 04, 2024
Philippines-Based Mobile Wallet GCash Valued at $5 Billion
Mynt, owner of the Philippines’ mobile wallet GCash, is now valued at $5 billion. The company became the Southeast Asian country’s first $5 billion unicorn last week following investments from...
August 02, 2024
Alibaba to Launch AI-Powered Assistant to Facilitate B2B Sourcing
The Alibaba International Digital Commerce Group plans to launch an artificial intelligence (AI)-powered “conversational sourcing engine” in September. This new tool will facilitate the global B2B sourcing process for small- to medium-sized...
The U.S., U.K. and Europe are intensifying their efforts to develop and deploy the policies and infrastructure necessary to advance the use cases and real time payments volume of their domestic networks. This month’s “Real-Time Payments World Map,” a collaboration with The Clearing House, explores the progress and future developments of real-time payments across these regions.
Nearly half of consumers in Mexico shop in-store without using digital shopping features — but merchants hear their customers’ cries for a better experience and are planning to add many. PYMNTS Intelligence’s latest 33-page report, the “2024 Global Digital Shopping Index: Mexico Edition,” commissioned by Visa Acceptance Solutions, features eight charts that provide a blueprint for merchants in Mexico to increase customer satisfaction and drive revenue.