Although France checks in seventh — the first country below the median — in the recently released landmark report by PYMNTS Intelligence, “How the World Does Digital,” its Gen Z segment made a bold statement. French Gen Z users are the most active, with 464.8 activity days per month and about 15.5 activities per day […]
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There’s the payment and then there’s everything that happens around it. That’s why financial services companies, from insurance to FinTechs to enterprise-grade banks, add services to protect, analyze and optimize each transaction. For example, Visa’s value-added service (VAS) offerings now contribute roughly a quarter of the company’s $8.8 billion in overall sales in the most […]
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Synerise has raised $8.5 million in a Series B+ funding round to expand its artificial intelligence (AI)-driven behavioral modeling and big data solutions. The investment came from composable and complete commerce platform VTEX and business angels, Synerise said in a Saturday (July 6) press release. With the new funding and a strategic partnership with VTEX — which […]
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Safle, a self-sovereign identity protocol and non-custodial wallet, has overhauled its leadership and raised funds at a valuation of $77 million. Apoorv Shankar, who has been building related products since 2013, now leads technology and product vision at Safle, while Shikha Mehra, who heads a Web3 consulting firm, now presides over the strategy and governance arm […]
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After years of steady price increases, food and packaged goods manufacturers and retailers are reportedly offering more discounts in both the United States and Europe. In the U.S., in the 12 months ending in June, 28.6% of products were sold with promotions such as discounts, coupons and spending on special placement of the products in stores, […]
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In the world of cryptocurrency, a project with ties to the popular messaging app Telegram has been making waves this year. The Open Network (TON) blockchain, which is associated with Telegram Messenger LLP, has seen a notable surge in value even amidst a broader rally in the crypto sector, Bloomberg reported Friday (July 5). With access to […]
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Revolut CEO Nikolay Storonsky will reportedly sell a “small portion” of his stake in the company as part of a previously reported sale of employee shares and other existing shares. Storonsky’s stake in the British FinTech company amounts to several billion dollars, and he plans to sell stock worth tens of hundreds of millions of […]
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TD Bank’s chief compliance officer, Monica Kowal, has reportedly left the bank. Kowal left the bank during the past week, and an internal memo that announced the move in late June did not mention a reason, Reuters reported Sunday (July 7), citing the memo. TD Bank did not immediately reply to PYMNTS’ request for comment. Kowal, who had […]
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Emaar Properties PJSC, a real estate developer in the United Arab Emirates (UAE), has adopted a virtual card solution from Visa and Mashreq to facilitate the digitization and automation of its B2B payments. By adding this solution through a direct enterprise resource planning (ERP) system integration, Emaar will enhance its payment efficiencies and its working capital, the […]
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InsurTech firm AutoRek has partnered with J.P. Morgan Payments to help insurance companies overcome data challenges with a more connected, streamlined infrastructure. With these capabilities, insurance companies can unlock new market opportunities, the companies said in a press release. “By working together, we will unlock many opportunities for insurance firms to streamline the premium receivables process,” Piers Williams, global insurance […]
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