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The past few weeks have been a roller coaster for consumers. Inflation is still a fact of life, tariffs have influenced what we buy, and from whom. Earnings season has been marked by a slew of companies pulling guidance, because things are so uncertain. But consumers are keeping a tenuous hold on their spending patterns.
“The shock hasn’t been felt yet,” observed PYMNTS CEO Karen Webster of the...
Saudi Arabia is emerging as a focal point in cross-border payments thanks to the rise of digital wallets.
The PYMNTS Intelligence report “Global Money Movement: Saudi Arabia Edition,” a collaboration with TerraPay, revealed that 54% of Saudi consumers who made cross-border payments in the past year used digital wallets.
The figure placed the country behind only the United States (63%) and ahead...
While U.S. consumers enthusiastically embrace digital wallets for sending money to friends and family, they notably trail several other developed nations in adopting mobile payments at physical store locations, highlighting a bifurcated digital payment landscape stateside.
According to “How the World Does Digital,” a data-driven deep dive into the global payment shift, digital and mobile wallets...
How you pay for that new sofa you just bought on Wayfair matters deeply to the bank that issued your credit card. Consumers have, on average, roughly three credit cards, making the one whipped out most frequently a driver of fees for the issuing bank.
You may want to shop as much as financially possible, but card-issuing financial institutions also want you to do that — and to pay as often as...
PNC Bank plans to acquire Aqueduct Capital Group to enhance the primary fund placement capabilities of PNC subsidiary Harris Williams.
The bank has entered into a definitive agreement for the acquisition, and the transaction is expected to close in midsummer, subject to customary closing conditions, PNC Bank said in a Tuesday (May 20) press release.
“This acquisition is complementary to existing...
A $1.2 billion exchangeable bond deal announced last week by Uber Technologies reportedly features a rare structure that is appealing to investors and to Uber.
The deal is tied to Uber’s shares in self-driving truck firm Aurora Innovation and includes bonds that turn into equity if the stock exceeds a set price after a set period, Bloomberg reported Tuesday (May 20).
The deal allows investors to...
Google said Tuesday (May 20) that it expects smart glasses equipped with its extended reality (XR) operating system, Android XR, and its artificial intelligence (AI) model, Gemini, to become a convenient and always present AI assistant.
The firm said this in a Tuesday blog post announcing that it has partnered with eyewear brands Gentle Monster and Warby Parker to create Android XR-equipped...
Keep has emerged from stealth mode and announced it raised 108 million Canadian dollars (about $78 million) to support the development of its financial platform for Canada’s small businesses.
This small business banking platform includes solutions designed to meet the requirements of Canadian tax systems, banking regulations and business needs, Keep said in a Tuesday (May 20) press release.
“...
Google unveiled a slew of artificial intelligence (AI)-powered upgrades across its vast product landscape, from Search and Android to glasses, cloud services and personalized assistants.
At its 2025 I/O conference this week, Google said its most advanced AI model, Gemini 2.5, will underpin agentic, multimodal, personalized and immersive capabilities that it plans to bring to its suite of...
Apple reportedly plans to introduce tools that will let third-party developers write software using the large language models that power Apple Intelligence.
The company is set to announce the software development kit and other resources that will allow this capability on June 9 at its Worldwide Developers Conference, Bloomberg reported Tuesday (May 20), citing unnamed sources.
Apple did not...