Uber Eats revenues soars, Visa makes move to eliminate FX uncertainty, FedNow on track for 2023/2024 rollout

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

August 7, 2020

Disbursements Tracker™

Report: How Faster Disbursements Can Woo Millennial Investors

Fifty-seven percent of millennial investors want their dividends and payouts from those investments just like they want everything else: right now. In our latest Disbursements Tracker, Brian Bond, founder of Leverage Financial Advisory, tells PYMNTS how investment disbursements must change in order to attract and keep a younger generation of investors.

 

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Alt Lending

FundBox CEO: Lending As The Onramp To SMB Banking Services Innovation

The true test of any lending platform is how many borrowers actually pay you back. New Fundbox CEO Prashant Fuloria tells Karen Webster that making sure they do is about having the right data, and treating borrowers right. Something he views as an opportunity for FinTechs to capitalize on as SMBs seek new players and places to build those banking and lending relationships.

 

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Digital Payments

How The Pandemic Is Reshaping The Nigerian Digital Payments Landscape

Nigeria has long been a cash-dominated economy, but the pandemic is starting to change that, Jay Alabraba, co-founder of Nigerian payments platform Paga tells PYMNTS. He says COVID-19 won't completely kill cash in Nigeria, but digital payments is already picking up a lot of ground. Here’s his view.

 

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Earnings

Supply Chain Hiccups Sink The RealReal’s Q2

Luxury consignment platform The RealReal struggled in Q2 due to supply problems and other pandemic-related issues at its New York and Los Angeles locations. But CEO Julie Wainwright says she sees a positive outcome for 2020 as a whole. Here’s why.

 

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Emerging Economies

Clik CEO: eKYC Key To Building Cambodia’s Digital Payments Future

Eighty percent of Cambodia’s population may be unbanked, but Clik Co-founder and CEO Matthew Tippetts tells PYMNTS that disguises the fact that the vast majority of Cambodia’s city dwellers are banked, and 95 percent have smartphones. Here’s how loyalty plus payments is helping consumers and merchant go cashless and do digital business in physical stores.

 

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Cross Border Commerce

Visa’s Bill Sheley: Eliminating FX Uncertainty Boosts Cross Border Commerce

Global travel may be stalled, but consumers are shopping the world online. But when foreign exchange rates fluctuate from the time a purchase is made until the time it settles and is reflected on the consumers statement, that buyer experience can quickly go south. Visa’s new policy to steady those rates, Senior Vice President and Global Head of Visa Direct Bill Sheley tells Karen Webster, will mean greater clarity for consumers and a much-needed competitive edge for issuers and merchants. Here are the details.

 

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What's Hot


Tencent Stock Drops After Trump Bans WeChat


Uber Counters Ridesharing Slump With Delivery Double-Up


US Household Debt Drops For First Time Since 2014


Fed Says FedNow On Track For 2023-24 Rollout


Study: California Sees More Than Half Of UI Applicants A Second Time


NY Bill Would Loosen Restrictions On Suing Big Tech


Wirecard Lenders On The Hook For Millions


Western Union Expands Banking Tie-Up In Brazil


Japan's Top Banks Prep Cheaper Money Transfer Network


Bitcoin Daily: Germany's BaFin Seizes Bitcoin ATMs; Police Confiscate $30M In Crypto From German Movie Streaming Site


Best Of Yesterday 


New Report: Why It’s Time To Retire The Subscription Paywall


Bain Capital Technology’s Bet On hey And Japan’s Digital Payments Shift


Deustche Bank: Regulation Complicates B2B Payments’ Digital Transformation


 

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