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Saudi Arabia, known for rapid digital transformation, is embracing digital wallets for international payments. A deep dive into the latest data reveals a striking trend. While consumers, particularly younger generations, are embracing digital wallets at a pace that rivals the U.S., many larger, small to mid-sized businesses (SMBs) have considerable misgivings.
The reasons? Concerns about security...
Product innovation comes from “Aha!” moments in customer conversations, North SVP of Product Preet Patel writes in a new PYMNTS eBook, “The Listening Economy: How Customer Conversations Are Transforming Financial Services.”
The publicly untold stories behind North’s long-running success in product innovation are the “Aha!” moments that stem from customer conversations. Though we are one of the...
Stripe announced Wednesday (May 7) new product launches focused on leveraging artificial intelligence (AI) and stablecoins to support business growth.
Among these, the company debuted an AI foundation model to improve fraud detection and authorization rates. Dubbed the Payments Foundation Model, it is trained on tens of billions of transactions and incorporates hundreds of “subtle signals” per...
Marqeta’s first quarter results surged across several metrics as new and existing card issuance programs grew on a global stage across debit and credit channels, and the company’s platform gains a tailwind as it enables new BNPL and embedded finance offerings.
Total processing volume (TPV) of $84 billion was up by 27%.
Forward looking guidance looks for net revenue growth in the range of 13% to...
Latin America’s digital commerce giant, MercadoLibre, continues to demonstrate its influence across the region’s evolving financial and retail landscape, extending its reach beyond transactions into areas critical for future growth and user engagement.
The company’s first-quarter 2025 results, reported Wednesday (May 7), highlight strategic advancements in bolstering its ecosystem, particularly...
Fresh off Tuesday’s announcement that the Consumer Financial Protection Bureau (CFPB) would not treat buy now, pay later (BNPL) companies like credit card networks, Sezzle’s first quarter 2025 results highlight a company in the midst of rapid transformation, with nonfinancial developments signaling a strategic pivot toward deeper consumer engagement and platform innovation.
The Minneapolis-based...
It looks like the paydowns on debt, for most U.S. households, were just a temporary lull.
Last month, PYMNTS reported that consumers had cut down at least a bit on their overall debt burden, paying down about $800 million. Spending on cards, long a mainstay in managing household purchases and impulse buys, decelerated.
But the latest data released by the Federal Reserve on Wednesday (May 7),...
Three financial regulators are scrambling following the President Donald Trump administration’s latest round of personnel cuts.
Over 2,300 staffers across the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Securities and Exchange Commission are set to be laid off, Bloomberg reported Wednesday (May 7). The group includes bank examiners, criminal...
First comes disruption, then comes transformation. That’s something enterprise CFOs and treasurers are finding out in real time.
At the heart of this transformation is real-time data’s impact across the back office. Traditional enterprise resource planning (ERP) systems, often siloed and batch-oriented, are giving way to cloud-native platforms that offer continuous, integrated data flows; while...
Subscription management platform Recurly acquired Redfast and Prive.
The acquisitions will help Recurly expand its tools for subscriber engagement and commerce automation as well as manage the full subscriber lifecycle, from conversion to retention, according to a Wednesday (May 7) press release.
Recurly’s strategy aims to unify billing, payments, analytics, engagement and commerce within one...