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When shopping in stores, retail customers prefer to pay with debit, but eCommerce is a different story.
By the Numbers
According to an October survey of more than 2,100 U.S. consumers, 44% of respondents had paid for their most recent retail purchase in stores via debit card, while 28% paid with a credit card. Conversely, 41% of consumers surveyed had paid for their most recent online retail...
Basware expanded its market offering by acquiring AP Matching.
The acquisition will add AP Matching’s cloud-based solutions for managing invoices and reconciling statements to Basware’s accounts payable (AP) automation and invoice processing capabilities, the companies said in a Wednesday (May 8) press release.
“We’re excited to combine forces with AP Matching so that CFOs can enhance their AP...
Just 58% of growth corporates in Central Europe, the Middle East and Africa (CEMEA) had been using working capital solutions, but that percentage is slated to grow to 95% in the coming months.
This is one key finding included in PYMNTS Intelligence’s “CEMEA Edition” of our 2023-2024 Growth Corporates Working Capital Index series, which was commissioned by Visa and examines working capital usage...
The connected economy is making strides via a partnership between Uber Eats and Instacart.
The two companies announced Tuesday (May 7) that in the coming weeks, Instacart customers will be able to order from a range of restaurants on its platform through a new “Restaurants” tab, enabled by Uber Eats.
“Through this partnership, Instacart customers now have access to both the best online grocery...
Brazilian digital bank Nubank now has more than 100 million customers.
The company announced the achievement in a Wednesday (May 8) press release, saying it was the first digital banking platform to mark this milestone outside of Asia.
“In 2013, we had set ourselves the ambitious goal to reach 1 million customers in five years, which seemed almost impossible at the time,” Nubank founder and CEO ...
Telefonica Germany is reportedly moving 1 million 5G customers to the Amazon Web Services (AWS) cloud.
The deal marks the first time in which an existing mobile operator is switching its main network to a public cloud, Reuters reported Wednesday (May 8).
Cloud giants like Amazon and Microsoft have been working to expand into the telecom space and its billions of dollars in potential revenue,...
Expensify will add travel booking and management capabilities to its financial management platform for expenses and corporate cards.
The new Expensify Travel will begin rolling out next week in the Expensify web and mobile apps and will later be integrated into the new chat-based super app, New Expensify, the company said in a Wednesday (May 8) press release. A waitlist is available.
“Book your...
With the first quarter recently in the books and Q2 well underway, most companies have their collective eye on an uncertain economy and an inconsistent consumer. But for some companies, it’s beginning to look a lot like the holidays.
Count Balsam Brands among them. The upscale eCommerce and D2C holiday decor retailer has to fit what would be a whole year’s worth of revenue for any other company...
U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas.
The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion, company officials told CNBC Wednesday (May 8).
The total funding marks the single-largest round for a European FinTech in the last year, the report said. CEO TS Anil said the company will use the new financing...
Retailer discounts reportedly helped drive a roughly 12% increase in Chinese iPhone shipments in March.
Shipments of foreign smartphones — most of which would have been Apple’s flagship product — rose to 3.75 million units in March, Bloomberg News reported Wednesday (May 8), citing data from the China Academy of Information and Communications Technology.
The 12% increase follows a 37% slump in...