News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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FundBox CEO: Lending As The Onramp To SMB Banking Services Innovation
FundBox CEO: Lending As The Onramp To SMB Banking Services Innovation
August 07, 2020  |  Business

Everyone knows the old joke about how easy getting into the lending business is: “Lending money out is very simple — pretty much anyone can...

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How The Pandemic Is Reshaping The Nigerian Digital Payments Landscape
How The Pandemic Is Reshaping The Nigerian Digital Payments Landscape
August 07, 2020  |  Digital Payments

Cash was long king in Nigeria despite more than a decade of efforts to bring cashless options to consumers, Jay Alabraba, co-founder of Nigerian payments...

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Visa’s Bill Sheley: Eliminating FX Uncertainty Boosts Cross Border Commerce
Visa’s Bill Sheley: Eliminating FX Uncertainty Boosts Cross Border Commerce
August 07, 2020  |  Cross-border Payments

Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-border payment volumes have taken a hit. The need to purchase...

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Clik CEO: eKYC Key To Building Cambodia’s Digital Payments Future
Clik CEO: eKYC Key To Building Cambodia’s Digital Payments Future
August 07, 2020  |  Digital Payments

People in the developed world tend to have skewed views of developing countries that they’re unlikely to ever visit — like Cambodia, according to Matthew...

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Supply Chain Hiccups Sink The RealReal’s Q2
Supply Chain Hiccups Sink The RealReal’s Q2
August 07, 2020  |  Earnings

The pandemic weighed heavily on The RealReal’s second-quarter earnings announced Thursday (Aug. 6), leading to a steep drop in its results. The drop was tied...

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Uber Counters Ridesharing Slump With Delivery Double-Up
Uber Counters Ridesharing Slump With Delivery Double-Up
August 07, 2020  |  Earnings

Before Q2 2020, Uber was the innovator that launched the concept of a digitally backed ridesharing business with a growing side hustle in the world...

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Trump Bans ByteDance’s TikTok, Tencent’s WeChat
Trump Bans ByteDance’s TikTok, Tencent’s WeChat
August 07, 2020  |  International

Citing data security issues, President Donald Trump issued two executive orders Thursday night (Aug. 6) banning TikTok and WeChat from the U.S. The ban will...

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Bitcoin Daily: Germany’s BaFin Seizes Allegedly Unlicensed Bitcoin ATMs; Police Confiscate $30M In Crypto From Closed Movie Streaming Site In Germany
Bitcoin Daily: Germany’s BaFin Seizes Allegedly Unlicensed Bitcoin ATMs; Police Confiscate $30M In Crypto From...
August 06, 2020  |  Bitcoin

German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. BaFin, Germany’s financial regulatory authority, has begun shuttering crypto ATMs run...

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US Household Debt Drops For First Time Since 2014
US Household Debt Drops For First Time Since 2014
August 06, 2020  |  Debt

The steep decline in consumer spending resulted in less U.S. household debt for the first time since 2014, the Financial Times (FT) reported. At the...

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