November 21, 2024
Instacart CEO Focuses on Grocery Partnerships as Firm’s Value Drops
Instacart’s CEO is focusing on grocery partnerships amid investor skepticism. Fidji Simo discussed these efforts in an interview with Bloomberg’s The Circuit With Emily Chang, set to air Thursday (Nov. 21) evening. Since becoming...
November 21, 2024
Temu Opens Online Marketplace to All US Sellers
Temu now allows any U.S. seller to join its online marketplace. “Whether small businesses or individual entrepreneurs, [U.S. sellers] can now connect directly with millions of consumers,” a Temu spokesperson told...
November 21, 2024
CellPoint Raises $30 Million for Travel Sector Payment Orchestration
Travel-industry-focused payment orchestration firm CellPoint Digital has raised $30 million in new funding. The financing, from Toscafund and Penta Capital, will help speed the launch of CellPoint’s Offer Order Service Delivery (OOSD) payment orchestration platform, created...
November 21, 2024
Alibaba Merges Global and Domestic eCommerce Businesses
Chinese conglomerate Alibaba is combining its domestic and international eCommerce businesses into one unit. According to a Thursday (Nov. 21) securities filing, the new Alibaba E-commerce Business Group melds together the company’s Taobao...
November 21, 2024
47% of Brazilians Use Digital Wallets for Bill Payments
Brazil is reshaping the global use of digital wallets, with consumers relying on them for bill payments and identity verification, unlike other countries, where they are mainly used for eCommerce....
November 20, 2024
Investing in Innovation To Drive Success
Data can help businesses retain customers and drive revenue, Fiserv Senior Vice President and General Manager, Global eCommerce and Carat Platform Casey Klyszeiko writes in a new PYMNTS eBook, “The...
November 19, 2024
High-Income Shoppers Load Up Their Grocery Carts at Walmart
During the latest conference call with analysts, Walmart’s management observed that that, in a quarter where same-store sales were up 5.3% in the United States, transaction counts and unit volumes...
November 19, 2024
eCommerce Growth Outpaces General Retail Sales, Hits 15.6%
Digital continued to take a larger slice of retail spending in the third quarter of 2024. However, a slowing pace of overall spending may send mixed signals to merchants headed...
November 19, 2024
Paysafe and CellPoint Partner on Payment Orchestration for Travel Merchants
Paysafe partnered with CellPoint Digital to allow travel merchants to offer seamless payments to their customers. The integration enabled by this collaboration will allow these merchants to connect to numerous...
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.
PayFacs, ISVs and marketplaces in the retail space are making embedded finance offerings central to their innovation agendas for the next two to five years. These efforts aim for improved convenience, seamless payment experiences and higher conversions. PYMNTS Intelligence’s latest report, “How Embedded Finance Drives Retail Platform Innovation,” a collaboration with Fiserv, is based on a survey of 280 executives and explores why these are the must-have features.