Early insights into holiday shopping trends show a growing movement toward emerging and alternative payment methods. As consumer spending data for Black Friday and Cyber Monday trickle in, buy now, pay later (BNPL) plans, in particular, continue to ascend in popularity. According to Adobe Research, BNPL companies have processed over $9 billion in purchases since […]
Fintech
72% of Trucking Companies Expect Digital Payment Systems
The trucking industry is crucial to the national economy, transporting more than 72% of freight by weight. Outdated payment methods, however, hinder efficiency, prompting the search for faster, digital solutions. A PYMNTS Intelligence report, “Fast-Lane Finance: Accelerating Payments in the Trucking Industry,” in collaboration with Ingo Money, explores how the industry is overcoming challenges, adopting new technologies and improving […]
Saudi Arabia Unleashes Powerful New Samsung Pay, Revolutionizing Digital Payments
Saudi Arabia is introducing an additional mobile payment solution with the debut of Samsung Pay, which will be seamlessly integrated into the national payment network, mada. The Saudi Central Bank confirmed the rollout of this service, offering a secure and convenient alternative to traditional payment methods, as stated in a press release. This launch is […]
Innovations, consumers redefine digital payments landscape
Payments are undergoing a significant evolution, driven by advancements in technology and evolving consumer behaviors. In 2025, the payment landscape globally and in the Philippines is set to become more seamless, secure, and interconnected, according to Visa, a global leader in payments technology. Visa said these changes reflect a broader movement toward efficiency and inclusivity, […]
BNPL Is Boosting Consumer Spending and Fulfilling Vendor Promises
Buy now, pay later (BNPL) is a product that got its boom in the pandemic as consumers went online to make their purchases. The product has continued to skyrocket upwards in popularity and has been a widely successful payment method among consumers. According to data from Javelin Strategy & Research, one quarter of consumers had used the […]
Lunar creates standalone enterprise payments business
The European BaaS market is expected to experience explosive growth and is projected to reach €100 billion by 2030, says Lunar. Lunar Banking Services already processes over 10,000 transactions daily and supports €5 billion in transaction volume run rate. Now the bank is setting up the Moonrise business, promising to simplify financial connectivity for payment […]
Trump taps ex-PayPal COO Sacks as crypto and AI czar
US President-elect Trump took to his social media platform Truth Social to confirm Sachs will “guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas.” Continues Trump: “He will safeguard Free Speech online, […]
Why sustainable finance needs more consistent policies
Following the 2022 Biodiversity Conference of Parties, the world has been trying to follow the ambitious Global Biodiversity Framework agreement. Recently, they reconvened for the COP16 event in Cali where the focus was on further agreements, resources and plans to ensure the GBF’s success by 2030. At the event, there were some successes and some […]
Cash use in the UK rises for second year in a row
According to data from the British Retail Consortium (BRC) cash was used for almost one in five purchases at 19.9% of transactions in 2023, up from 18.8% in 2022. Debit cards remained far and away the most common method of payment, increasing to 62.0% of transactions (66.7% by spending). Taken together with credit cards, card […]
Ribbon Achieves UK Expansion Goal Following Tribe Payments Partnership
Digital financial platform, Ribbon, is gearing up for its next big move to help non-resident Indian diaspora in the UK, as it announces its partnership with Tribe Payments, the digital payments and infrastructure orchestrator that specialises in issuer and acquirer processing. Ribbon is a carbon-neutral digital financial services super-app that was founded in Gibraltar in March 2020 by Ashesh Jani and Suchit Punnose. The multi-purpose […]