Summer of ’23 for FedNow, Fixing restaurant worker pay with tips, The 5G retail transformation experience

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

August 30, 2022

B2B Cross-Border Payments Tracker®

Two-Thirds of Businesses Say New Tech Can Improve Cross-Border Payments

Bob Binford of Unique Carpets Ltd. says investing in fast, secure and easy cross-border payments tech saves time, money and sales. It’s something that 64% of businesses also confirm in new cross-border B2B payments research.

 

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Digital Tip Payouts

Instant Digital Tip Payouts Boost Restaurant Worker Pay by as Much as $4/Hour

How can restaurants outsource worker pay increases to the consumer? Add tips and pay them out same day digitally, Drew Edwards, CEO of Ingo Money, and Justin Roberts, co-founder of FinTech Kickfin, tell Karen Webster. It’s become a competitive advantage in a hot labor market.

 

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Cryptocurrency Payments

Report: Crypto Winter Hasn’t Chilled Consumer Interest in Buying Crypto

Buy low, sell high seems to be the consumer mantra as a new study finds that 56% of consumers still want to buy it, nearly half of 2,334 respondents view it as an investment and more than 40% want to use it to make payments.

 

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Accounts Payable

CFOs Don’t Pinch Pennies When Tackling Invoicing Inefficiencies


OpenEnvoy CEO Matthew Tillman says more and more chief financial officers are seeing the wisdom of looking beyond their internal teams for out-of-the-box solutions that address pressing pain points and bogged down business processes.

 

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CBDCs

Emerging Market Consumers Lukewarm on Value of CBDCs

The adoption of Nigeria’s CBDC has been slow, Owen Odia, Nigeria country manager at Luno, tells PYMNTS, noting that consumers with access to a well-functioning banking system still need additional incentives to switch.

 

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Restaurant Loyalty

As Prices Rise, Restaurants Reevaluate Free Food Loyalty Incentives

Amid double-digit food price inflation, many restaurants are finding that the cost metrics of their edible loyalty and rewards programs have shifted, making these important perk programs more expensive to offer and justify.

 

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Data Brief: Mexico eCommerce

74% of eCommerce Consumers in Mexico Have Goods Delivered to Doorsteps

The new findings come in the "2022 Global Digital Shopping Mexico Index," which also showed that consumers use smartphones to  browse for goods, which more often than not they had shipped to their home.

 

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Digital Payments Flip the Script Series

T-Mobile Says 5G and Embedded Payments Set to Unlock New Connected Retail Experiences

Suppose the store dressing room was inside the consumer’s closet via a connected mirror that showed how clothes looked on that consumer? Chris Melus, VP of product development, advanced wireless solutions at T-Mobile, tells Karen Webster that use cases like these are possible today with the power of 5G, connected devices and embedded payments.

 

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What's Hot


Federal Reserve Eyes Summer '23 Launch for FedNow


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RentSpree Secures $17.3M to Expand Rental Management Tools


Hopper, Evolve Partner on Streamlined Vacation Rentals


India’s Reliance, Google Developing ‘Ultra-Affordable’ 5G Smartphones


Highline Teams With Argyle to Drive Payroll-Linked Lending


Indonesia, Singapore Team on XBorder QR Code Payments


Today in Crypto: Meta Expands NFT Sharing Feature to Facebook, Singapore Moves to Protect Retail Crypto Traders From Themselves


Best Of Yesterday 


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