Top

Tag: Retail


Paytech, Retail

The role of generative AI in shaping the e-commerce landscape

November 29, 2023

Via: Fintech News

Generative AI is rapidly altering the landscape for e-commerce professionals with applications ranging from effective supply chain management to tailored client experiences. The application of generative AI has transformed e-commerce and offered cutting-edge fixes to improve almost all facets of […]


Banking Tech, Mobile Banking

Payoneer partners with Etsy

October 26, 2023

Via: ThePaypers

US-based commerce technology provider Payoneer has partnered with Etsy to support the latter’s expansion into emerging markets and simplify payments. Through this collaboration, Etsy can streamline payments to sellers and help develop economic opportunities for more entrepreneurs in emerging markets. […]


Banking Tech, Mobile Banking

Amazon Payment Services obtains Retail Payment Services licence

October 18, 2023

Via: ThePaypers

Amazon Payment Services, a digital payments provider operating across the MENA region, has been granted a Retail Payment Services licence by the UAE Central Bank. The press release states that this licence enables Amazon Payment Services to unlock a better […]


Banking Tech, Mobile Banking

National Bank of Greece deploys Infosys Finacle core banking system

October 18, 2023

Via: FinTech Futures

The deployment forms part of the bank’s core banking replacement project ‘Cosmos’. In its first phase, the new cloud-native platform will power all of the bank’s corporate and SME loan operations and will see the migration of about 60% of […]


Paytech, Retail

Bitcoin holds firm above $28,000 amid U.S. retail sales surge

October 17, 2023

Via: Investing.com

Bitcoin continues to trade above $28,000 on Tuesday, maintaining its position near a two-month high. The cryptocurrency’s resilience is attributed to an unexpected 0.7% rise in U.S. retail sales for September. After a dip from Monday’s peak of $30,000 to […]


Paytech, Retail

Lloyds Bank develops digital trading solution

October 10, 2023

Via: ThePaypers

UK-based retail banking company Lloyds Bank has developed a digital trading solution that aims to support businesses to transact more efficiently. The new solution allows clients to request digital Direct Guarantees or Standby Letters of Credit, aiming to help them […]


Mobile Banking, PayTech

E-commerce Growth Surges Across Latin America, With Further 25% Growth by 2027; Predicts PayU

September 20, 2023

Via: The Fintech Times

Having already seen significant growth in the region, PayU GPO predicts further growth across LatAm – and suggests its e-commerce market could grow by 25 per cent in volume across the likes of Argentina, Brazil, Chile, Colombia, Mexico, and Peru […]


Paytech, Retail

German payments start-up Ivy secures $20m in Series A funding round

August 31, 2023

Via: FinTech Futures

Existing investors Creandum, 10x Founders and Angel Invest also took part in the round, alongside a number of angel investors. According to TechCrunch, the Series A took place at a valuation of around $80 million to $90 million, and follows […]


Banking Tech, Digital Lending and Credit

Koverly Adds BNPL Feature to Roster of Payment Services for US Businesses

August 22, 2023

Via: The Fintech Times

The BNPL feature adds another way Koverly is helping businesses pay each other. This is in addition to reduced foreign exchange rates (up to 50 per cent less) and no wire transfer fees (enabling firms to save up to $40 […]


Invest tech, Trading

Why Crypto investors should care about Tokenomics: Crypto long & short

August 16, 2023

Via: Fintech News

One important consideration for any digital asset investor allocating money to alternative coins is tokenomics. For the uninitiated, tokenomics refers to the economic and financial aspects of a cryptocurrency or project’s ecosystem. It encompasses the design, creation, distribution and management […]


Paytech, Retail

Consumer spending rose 4% in July: Fiserv

August 16, 2023

Via: Payments Dive

Fiserv’s findings align somewhat with the U.S. Department of Commerce’s analysis released Tuesday. Excluding food, auto and fuel purchases, overall retail sales rose 5% in July year-over-year. The federal department also reported an 8% decline in furniture and home-related purchases. […]


Banking Tech, Mobile Banking

First-Party Fraud Growing Threat: Visa Reveals Over 9 in 10 Businesses Are Impacted

August 11, 2023

Via: The Fintech Times

First-party fraud can appear in a variety of different ways. In the financial sphere, it can look like someone applying for a loan, knowing they won’t pay it back or filing a false chargeback claim. However, it is not limited […]


Invest tech, Trading

US Senate approves national defense bill that also targets crypto mixers

July 28, 2023

Via: Cointelegraph

The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on July 27. The bill includes a provision targeting crypto mixers, anonymity-enhancing coins and institutions engaging in crypto trading. The NDAA is a bill that […]


Paytech, Retail

US law protects institutions and exposes retail investors — Rep. Torres

July 20, 2023

Via: Investing.com

On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that […]


Paytech, Retail

Southwest Airlines taps MOST for inflight retail

July 12, 2023

Via: ThePaypers

The partnership seeks to provide new flexibility for onboard sales and to boost the inflight retail experience for Southwest Airlines’ customers. According to the official press release, most.Onthego aims to combine product management, payment hardware solutions, and payment processing capabilities […]


Paytech, Retail

BIS study shows positive outlook on retail CBDC issuance

July 10, 2023

Via: ThePaypers

For this survey, the Bank of International Settlements (BIS) surveyed 86 central banks. According to the findings, 93% of them are currently working on their own CBDCs, with major jurisdictions such as India, the UK and the European Union all […]


Paytech, Retail

Personalized financial advice: key to retail bank customer engagement in tough economic environment

June 23, 2023

Via: Fintech News

U.S. retail bank customers have been through the ringer during the past few years. Inflation, market volatility and rising interest rates have contributed to increased prices for goods and services, leaving 69% of customers classified as financially unhealthy.1 According to […]


Banking Tech, Mobile Banking

Bankable acquires embedded finance platform Arex Markets

June 20, 2023

Via: FinTech Futures

With the acquisition, Bankable will gain the ability to embed credit and working capital into the payment flows of established neobanks, multinational brands and fintech platforms. Founded in 2014 and based in Barcelona and Dublin, Arex Markets operates a marketplace […]


Paytech, Retail

UPI transactions to account for 90% of retail payments by 2026-2027

June 1, 2023

Via: ThePaypers

PwC India has released a report which highlights that UPI is projected to dominate retail digital payments in India, accounting for 90% of transactions until 2027. Unified Payments Interface (UPI) transactions are expected to continue growing steadily, reaching a milestone […]


Paytech, Retail

7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

May 25, 2023

Via: Investing.com

The Bank for International Settlements (BIS) and a group of central banks have published a paper detailing their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The new publication is the fifth from the same authors. The […]