The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay. While digital wallets first emerged in the late 1990s, the Covid-19 pandemic provided an adoption tipping …
Alipay’s annual cumulative transaction limit for foreign visitors has also been increased to US$50,000, up from the previous US$10,000 limit, in line with a new People’s Bank of China policy, the group said. 02:40 How mobile payments impact people’s lives in China How mobile payments impact people’s lives in China Tencent on Thursday said foreign …
When it comes to digital wallet adoption, the youngest consumers are outpacing older generations by a wide margin, PYMNTS Intelligence research reveals. By the Numbers The report “How Preferred Payment Availability Can Reduce Cart Abandonment,” a PYMNTS Intelligence and Adobe collaboration, draws from a survey of more than 3,500 U.S. consumers to understand their actions, …
While thrifting has typically demanded consumers be open to some degree of randomness and discovery, ThredUp is using artificial intelligence search capabilities to improve the relevance and exactitude of secondhand shopping. On a call with analysts Monday (March 4) discussing the digital consignment and thrift store’s fourth-quarter and full-year 2023 earnings results, CEO James Reinhart discussed how the company’s new AI-powered …
Users of Apple’s AAPL, -0.66% buy-now-pay-later platform will soon have their payment history reported to one of the major credit bureaus, but it won’t affect their credit scores — at least not yet. The announcement marks the latest move by credit bureaus to gradually incorporate buy-now-pay-later data into their models as this type of debt …
CarGurus has been rolling out new artificial intelligence (AI) features to give both dealers and consumers the information they’re looking for. With these offerings, the digital platform for shopping, buying and selling new and used vehicles has improved engagement, delivered insights and increased efficiency, CarGurus executives said Monday (Feb. 26) during the company’s quarterly earnings …
Samsung’s latest wearable device reportedly comes with health-tracking features. The smartphone maker’s Galaxy Ring — the company’s first ring product — is set to go on display for the first time Monday (Feb. 26) at the Mobile World Congress in Barcelona, CNBC reported, citing an unnamed source. Speaking to the network at the conference, Hon …
Dell Technologies has announced the launch of NativeEdge 2.0, the latest version of their automated and secure edge operations software platform. Aimed at equipping organisations with the necessary tools to securely and centrally manage their edge operations across multiple locations, NativeEdge 2.0 comes with new features and improvements designed to optimise investments and drive efficiency. …
Successful supply chain organizations use AI at higher frequencies. There is a clear statistical relationship between a supply chain organization’s embrace of artificial intelligence (AI) and its likelihood of being successful. According to a new survey of more than 800 supply chain practitioners across geographies and industries from Gartner Inc., top performing supply chain organizations …
The Monetary Authority of Singapore has told the country’s financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing. Experts predict that over the next decade cryptographically relevant quantum computers will start posing cybersecurity risks. These computers will break commonly-used asymmetric cryptography, while symmetric cryptography could require …