Today’s conventional wisdom has a way of becoming tomorrow’s outdated – or nearly invisible – idea. In recent memory, the CW was that Google and Facebook would always control digital advertising, Apple was invincible and Amazon was indivisible – but these days, any of that could be up in the air. And, in fact, up in the air is a trend, in the U.S. and around the world, and across commerce and payments, both B2B and B2C. The smart money, in most cases, is on the in-depth study – and a willingness to be flexible and quickly adaptive.
Data:
$500 million: The amount fraudsters were nearly able to steal from Angola, but for the sharp eyes of a bank teller.
$44 million: Amount Pintec Holdings raised with its IPO on the Nasdaq last week.
70 percent: Share of top 1,000 digital firms that accept PayPal.
28 percent: Decline in prices charged to advertisers on Google, the largest dip in three years.
15 percent – 20 percent: Cost savings netted when switching from manual to automated calculation of miles for reimbursement.
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