July 31, 2024
PingPong Scores Payments License in Indonesia
Enterprise-focused cross-border payments platform PingPong has won approval to do business in Indonesia. Bank Indonesia, the country’s central bank, has granted the company a payment system service provider license, allowing...
July 31, 2024
Amazon Upgrades Checkout AI to Boost Third-Party Adoption
As Amazon looks to license its Just Walk Out checkout system to more stores, the eCommerce giant is upgrading the artificial intelligence model to improve accuracy. The company announced in...
July 31, 2024
StubHub Accused of ‘Convoluted Junk Fee Scheme’ in DC Lawsuit
A lawsuit accuses StubHub of tricking its customers into paying inflated prices. The lawsuit, filed Wednesday (July 31) by Washington, D.C., Attorney General Brian Schwalb, said the concert/event ticketing platform...
July 31, 2024
A Day in the Life of Gen Z: Shopping, Subscriptions...
Merchants have much to gain if they find the way to the hearts of Gen Z consumers — and can get them to click on the buy button, in store...
July 30, 2024
More Than Two-Thirds of US Consumers Now Subscribe to Amazon...
Amazon Prime membership is on the rise, encompassing the majority of consumers, but PYMNTS Intelligence data shows that Walmart’s quickly growing membership is becoming a force to be reckoned with....
July 30, 2024
Amazon Sees 30% Rise in Same-Day and Next-Day Delivery
Amazon says it has seen a sharp rise in the speed of its Prime deliveries this year. The eCommerce giant announced Tuesday (July 30) that it made more than 5 billion same-day or...
July 30, 2024
Maverick COO Says Embedded Finance Drives Growth and Personalization in...
The integration of financial products and services into digital ecosystems is transforming commerce. “With the advancements of technology and the platforms businesses rely on to run their operations, they are...
July 30, 2024
Payments Orchestrators Become Open Payment Platforms to Improve eCommerce Efficiency
As digital commerce evolves, businesses are constantly seeking innovative solutions to enhance their payment processes. And providers are working around the clock to give them exactly that. The emergence of...
July 29, 2024
Meta’s Open-Source AI Model Sparks Industry Debate on Commerce’s Future
Industry experts are debating the business impact of Meta’s free artificial intelligence (AI) model Llama 3.1, weighing its potential against practical implementation challenges. Boasting 405 billion parameters, the AI model...
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.