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Retailers Temu and Shein are reportedly shedding users following U.S. tariffs.
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The platforms’ once-speedy user growth has begun to reverse since President Donald Trump imposed high tariffs on Chinese imports and closed a tax loophole that had allowed the retailers to undercut competitors, the Financial Times reported Monday (June 30).
Temu’s monthly active users in the...
So far, this has been a great year for cryptocurrency. Or at least one form of cryptocurrency.
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As Bloomberg News reported Monday (June 30), while bitcoin has enjoyed a rally thus far in 2025, many of the “altcoins” once championed as its competitors are fading, losing more than $300 billion in market value since the year began.
While crypto’s early proponents touted the...
Klarna is increasing its digital banking efforts as it prepares to go public again.
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As the Financial Times (FT) reported Monday (June 27), the Swedish company has been branching out from the buy now, pay later (BNPL) products that were its core business, launching new products that place it in the digital banking category.
The report contends that this move is happening...
Watch more: Merchants Use Visa’s Unified Commerce to Convert In-Store Buyers
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Unified commerce represents the next evolution in the digital economy, aiming to dissolve persistent friction points that even advanced omnichannel strategies have yet to fully address.
Moving beyond merely streamlining transactions across different channels, this model seeks a channel-agnostic...
Disruptive technologies are sometimes mistakenly written off as misfires when they first emerge. Instant-film icon Polaroid ignored the advent of digital cameras, leading to its bankruptcy in 2001 and later reinvention as a successful digital-first company. But an opposite dynamic can also happen. New technologies can grow like wildfire, only to go up in flames. At its peak in 2010, Blackberry...
Watch more: How Marqeta Found Work For Taylor Swift’s Eras Tour Staff
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The market for finding hourly workers isn’t just broken. It’s out of touch. Once built for a world of punch clocks and paper résumés, today’s labor market is riddled with friction that serves neither worker nor employer in an economy that demands flexibility, precision and purpose.
What’s emerging to...
While digital wallets offer a compelling vision for the future of cross-border payments in Singapore, a new report reveals a notable disparity between robust merchant familiarity and lagging consumer awareness, a key factor potentially hindering broader adoption.
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The “Global Money Movement: Singapore Edition” report, a recent collaboration between PYMNTS Intelligence...
The end of the second quarter is here, and in the last full trading week of June the CE 100 Index surged 4.3%, and all pillars advanced.
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A broad based rally lifted most names, and banking and “fun” stocks led the pack.
In the banking segment of the CE 100, which was 6.1% higher through the week, J.P. Morgan shares were 4.4% higher. J.P. Morgan announced its J.P....
Bank account data can help protect firms from fraud, ValidiFI Head of Product Isaac White writes in a new PYMNTS eBook, “Halftime 2025: Charting the Future of Payments.”
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The first half of 2025 has marked a transformative period for the payments and financial services industries. Generative and agentic AI are revolutionizing everything from real-time fraud detection to...
Cryptocurrency custodian Anchorage Digital has decided it will stop supporting the popular USDC stablecoin.
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As Coindesk reported Friday (June 27), this move has provoked sharp criticism from USDC-issuer Circle and other crypto sector players.
The decision followed the recent release of Anchorage’s “Stablecoin Safety Matrix,” which ranks stablecoins based on regulatory...