Following double-digit growth in 2021, total transaction value on PayPal’s core platform will jump 22.3% this year to reach $1.144 trillion globally, surpassing the $1 trillion mark for the first time.
TikTok could be the savior of the box office and travel counter: Pandemic-challenged industries have embraced the social media app in the hopes of fueling their recovery.
They now have to report users’ business payments that exceed $600 annually, which might push them to add payment-adjacent tax services.
For US retailers, ecommerce conversions are increasingly taking place on mobile phones.
Over the past two years, retail ecommerce in Latin America has experienced unprecedented growth. Now, although people are returning to physical stores, consumers have fully embraced buying online, paving the way for long-term growth in the region.
The instant grocery delivery market is headed toward consolidation: The extremely high cost of 15-minute delivery in the US has startups built on the promise pivoting to longer delivery times and other services.
China deems personalized recommendations discriminatory and harmful to user well-being: The new law could discourage users from spending time—and money—on retail and social media platforms.
The offering gives small merchants an affordable digital payments tool and could complement existing POS tech for large businesses.
The vision of augmented reality (AR) headsets replacing smartphones could become a reality sooner than expected in China.
ACH payments rose as card payments made a surprising drop, and consumers tried out new payment types.