In a move that might be considered surprising considering that PayPal and Google are enemy combatants in the war for mobile wallet dominance, the Google play store is now open for business for people who want to use PayPal to purchase their goods. PayPal was...
Uber, the ride-sharing service that allows mobile users to connect with a fleet of local drivers, is hoping to raise several hundred million dollars in a new funding round with a valuation of $10 billion. If successful, Uber will tripled its valuation in just nine months:...
It is not a good day to be Walmart’s new CEO Doug McMillon. Traffic to Walmart locations nationwide has been on the decline all year and the company has just reported its fifth straight decline in U.S. sales numbers. Walmart’s profits fell 5 percent from the...
In an effort to better monitor farmer subsidies and track data related to how those subsidies are used, the Nigerian government will work with Cellulant Nigeria to distribute POS terminals to its nation’s farmers.
Shopping cart abandonment in an increasingly mobile world is the result of a the lengthy and often tedious check out process that consumers don't have the patience (or finger dexterity) to tackle. Payments and software-as-a-service company Jumio says it has cracked the code on this...
Despite efforts to influence consumers to use electronic forms of payment, such as debit and credit cards, cash remains the top payment instrument consumers use to pay, especially for small-value transactions, according to a recent Fed report. Mobile-based payments, however, barely scratch the surface.
From the bungled Bitcoin Foundation elections to a brand new $30M investment in bitcoin processing, this week was one of extremes for the B-all of cryptocurrencies. Get caught up.
Square has been hammered in the news lately about reports of massive losses, dwindling cash reserves and failed products. But leaked emails about its financials as reported by Fortune magazine reveal that its margin on processing isn't that bad and that it claims to be...
There’s so much data influencing the industry today that it can be hard to stay on top of everything. PYMNTS.com’s Friday Factoids are the perfect solution for innovators, entrepreneurs or observers trying to keep up with all the latest information. In today’s Fridays Factoids, you’ll...
