Temu, a rapidly expanding global e-commerce platform, has encountered significant regulatory challenges in Vietnam amidst a robust e-commerce boom in Southeast Asia. The Vietnamese Ministry of Industry and Trade's suspension of Temu’s operations due to non-compliance with business registration
PayPal, a leading name in the digital payments industry, has recently announced a significant increase in fees for U.S. merchants using its various digital payment services. This decision, effective from January 13, has sparked discussions among merchants and industry experts alike. The fee
Amazon has taken a significant step to enhance accessibility and affordability for low-income customers by expanding its payment options to include Cash EBT benefits in 17 states and Washington, D.C. This move allows eligible customers to purchase a broader range of products beyond food, such as
The payment processing industry is experiencing a significant transformation as the global trend shifts towards cashless transactions. With businesses and consumers increasingly adopting digital payments, companies like American Express (AXP), Visa Inc. (V), and Mastercard Incorporated (MA) are at
In what marks a notable shift in spending behavior, a recent study has revealed that nearly 75% of baby boomers plan to utilize split-payment methods such as buy-now, pay-later (BNPL) options for their holiday purchases. This data suggests a growing trend among different generational groups,
In the past week, several prominent UK retail brands, including McDonald's, Tesco, Sainsbury's, and Greggs, experienced significant payment-processing failures. These disruptions, which ranged from order-processing issues to the inability to accept contactless payments, have raised
