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America’s mid-sized firms, with annual revenues ranging from $1 billion to $5 billion, are often the backbone of their communities.
Yet in the modern era of global uncertainty and geopolitical tension, they have been left bearing the brunt of a new wave of tariff pressures and supply chain volatility.
The PYMNTS Intelligence report “The Enterprise Reset: Navigating Tariffs, Supply Chain Shifts...
To thrive in today’s fragmented retail landscape, small and medium-sized businesses must close the digital divide and embrace unified commerce strategies.
It’s a good summary of PYMNTS’ new 2025 Global Digital Shopping Index: SMB Edition, which surveyed 18,468 consumers and 3,464 merchants across eight countries, including the United States, the United Kingdom, Brazil, Mexico, Saudi Arabia,...
No longer secondary considerations, the speed and efficiency of receiving non-recurring, or ad hoc, disbursements are becoming critical factors influencing an SMB’s operational stability and competitive position.
The payments landscape for small to medium-sized businesses (SMBs) in the United States is undergoing a significant transformation, largely propelled by the increasing adoption of...
Alibaba’s instant commerce platform has reportedly crossed the 40-million-daily-orders mark within a month of launch.
As Reuters noted in a report Monday (May 26) on this milestone, the platform brings merchants from the eCommerce giant’s food delivery arm Ele.me onto its main domestic shopping app, Taobao, making deliveries within 60 minutes.
The report added that this is part of a larger push...
How bad has Singapore’s scamming problem gotten? Authorities are considering corporal punishment for offenders.
“We believe in caning as a strong deterrent,” Loretta Yuen, chair of the fraud committee at the Association of Banks in Singapore, said in an interview with the Financial Times (FT) Sunday (May 26). “It’s a deterrent, but there is also a sense of revenge to it.”
In the last two years,...
America’s consumer protection watchdog has switched its position on removing medical debt from credit reports.
The Consumer Financial Protection Bureau (CFPB) earlier this year finalized a rule that would have kept medical debt from people’s credit history.
The regulator noted at the time that 15 million Americans would have benefited from the change, wiping $49 billion in debt from their...
American banking groups want the Securities and Exchange Commission (SEC) to revoke its cybersecurity incident disclosure requirements.
These groups, led by the American Bankers Association (ABA), wrote to the SEC last week, contending that disclosing cybersecurity incidents “directly conflicts with confidential reporting requirements intended to protect critical infrastructure and warn...
Has open banking lived up to its potential in Great Britain?
So far, not really, the Financial Times (FT) argued in a report Monday (May 26).
The report noted that opening banking has seen success in some areas, like allowing for faster lending decisions. However, the FT added, data from Open Banking Limited showed that open banking powered 27 million payments in the U.K. during March.
At the...
China’s central bank is reportedly asking lenders to use more yuan in cross-border transactions.
The People’s Bank of China has increased the base ratio for yuan-denominated trade transactions from 25% to 40%, Bloomberg News reported Monday (May 26), citing sources familiar with the matter.
Though this increase isn’t mandatory, the report added that banks that fall short of the ratio tend to get...