PYMNTS-MonitorEdge-May-2024

APAC

Failure to Localize Payments Could Cost Online Merchants 60% of Sales in APAC
Failure to Localize Payments Could Cost Online Merchants 60% of Sales in APAC
February 27, 2023  |  Cross Border Commerce

Businesses worldwide are facing significant headwinds in 2023, with inflation still a global concern and rising interest rates leading to fears of recession. Many companies...

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Aspire Raises $100M to Grow Finance Platform in Southeast Asia
Aspire Raises $100M to Grow Finance Platform in Southeast Asia
February 15, 2023  |  Investments

Aspire has raised $100 million in a Series C round to grow its all-in-one finance operating system for businesses. The Singapore-based firm said in a...

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Inflation Gives Banks Opening to Become Consumers’ Trusted Financial Adviser, Says Truist
Inflation Gives Banks Opening to Become Consumers’ Trusted Financial Adviser, Says Truist
February 14, 2023  |  Digital-First Banking

More consumers are struggling with their finances and budgeting. A recent survey found that 55% of Americans are in a difficult financial position, up 37%...

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Report: Chinese Consumers Are Saving More and Borrowing Less
Report: Chinese Consumers Are Saving More and Borrowing Less
February 08, 2023  |  International

Consumers in China are reportedly reining in spending and borrowing less due to economic uncertainty. Chinese consumers borrowed the equivalent of $564 billion last year,...

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Fintiv and Geoswift Partner on Digital Remittances to Asia
Fintiv and Geoswift Partner on Digital Remittances to Asia
February 03, 2023  |  Cross-border Payments

Fintiv and Geoswift have partnered on enabling cross-border remittance payments into Asia. The collaboration — which brings together Fintiv’s mobile commerce platform and Geoswift’s payment...

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ShopUp Raises $30M to Streamline B2B Commerce in Bangladesh
ShopUp Raises $30M to Streamline B2B Commerce in Bangladesh
February 02, 2023  |  Investments

ShopUp has raised $30 million to expand its B2B commerce platform in Bangladesh. The firm will use the new debt financing to build supply chain...

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Estée Lauder Q2 Reflects China Headwinds vs ‘Renaissance of Occasions’
Estée Lauder Q2 Reflects China Headwinds vs ‘Renaissance of Occasions’
February 02, 2023  |  Retail

A return to physical retail helped Estée Lauder reduce losses in its fiscal second quarter as the company talked up a “renaissance in usage occasions”...

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Small Business Cross-Border Cash Flow Helped by Marquee Payments Partnerships
Small Business Cross-Border Cash Flow Helped by Marquee Payments Partnerships
January 31, 2023  |  Cross-border Payments

Small- to medium-sized businesses have been hobbled on a global stage. The lure of eCommerce is that digital channels level the playing field for…well, just...

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Global Processing Services Names Ex-Visa Exec Jim McCarthy as Global Sales and Product EVP
Global Processing Services Names Ex-Visa Exec Jim McCarthy as Global Sales and Product EVP
January 27, 2023  |  Personnel

Global Processing Services (GPS) has added two members to its leadership team. The global payments technology platform has appointed former Visa executive Jim McCarthy to...

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