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Cryptocurrency exchange Bybit is teaming with an affiliate of Circle, issuer of the USDC stablecoin.
The collaboration, announced Monday (Dec. 8), is designed to expand access to USDC across Bybit’s ecosystem while strengthening the coin’s liquidity.
“Bybit’s partnership with Circle represents a major milestone in our mission to offer a fully compliant, liquid, and user-friendly...
The global sports industry has accepted a glaring inefficiency: the next global superstar might be playing right now in a remote village or an inner-city park, completely invisible to the professional ecosystem. Geography, travel costs, and the sheer logistical limits of human scouting networks mean that for every athlete discovered, more fall through the cracks.
But the era of “right...
Payments FinTech Airwallex has been valued at $8 billion after raising $330 million.
The new funding, announced Monday (Dec. 8), will help finance the company’s ongoing growth in the U.S. and fuel expanded artificial intelligence (AI) hiring and product development. Airwallex, based in Australia, says it has opened a second worldwide headquarters in San Francisco, and plans to spend...
Payment acceptance inside large suppliers has traditionally operated like a utility. As long as money showed up and could be matched to an invoice, the system was considered successful.
But that worldview is rapidly collapsing. The confluence of inflationary pressure, tightening working capital cycles, digitized B2B payments, and the rise of artificial intelligence (AI) are forcing...
Agentic AI’s intersection with devices like phones, speakers and personal assistants hadn’t been visited much in the Prompt Economy. At least that was the case, up until last week when we heard from an upgraded Alexa+.
Amazon’s newly rebuilt Alexa+ represents a significant shift toward agentic AI, according to Wired. The article reports that Amazon redesigned Alexa around generative AI...
Gen Xers, the powerhouse of the U.S. consumer economy, are cutting back amid current financial challenges, a move that may already be impacting holiday spending.
More than eight in 10 (84%) of these consumers aged roughly 45–60 report facing financial challenges, and only 16% report no concerns, according to data from the latest edition of PYMNTS Intelligence’s “Generational Pulse”...
Embedded finance has moved from a technology option to a revenue model for online marketplaces. The change is driven by the need to retain customers, reduce churn, and keep transactions in-house. What once felt like a payment feature is now a blueprint for long-term marketplace growth.
PYMNTS Intelligence and Marqeta joint efforts have uncovered the benefits and the challenges of...
The 60 million workers who form the human infrastructure powering the U.S. economy are increasingly scraping just to get by.
Yet this cohort, which PYMNTS Intelligence defines as earning under $25 an hour, or less than $50,000 per year, drives 15% of consumer spending, per the latest findings in the Wage to Wallet Index, a collaboration between PYMNTS Intelligence, WorkWhile and Ingo...
A recent PYMNTS Intelligence report finds that retailers will enter this year’s peak shopping season defending themselves on more fronts than ever before.
The report, Securing the Season: Fighting Fraud Without Losing Customers, outlines how the growth of holiday sales is being matched by the growth of holiday fraud. It shows how criminals exploit higher transaction volumes, how...
The chief executive of America’s biggest bank says consumers continue to show resilience.
This is in spite of a cooling job market and ongoing inflation, JPMorgan Chase CEO Jamie Dimon said Sunday (Dec. 7) in an interview with Fox News.
“In the short run, it looks like the American consumer is doing fine, is chugging along, companies are making profits, stock markets are high. That...