Today, Applause, a provider of testing and digital quality solutions, released the results of its first Digital Payments and Localization Survey, revealing that 76% of consumers are likely to abandon a transaction if their preferred payment method is not accepted. The survey also found that 68% of consumers prefer to use mobile/digital wallets to pay for goods and services, but only 56% of providers accept them.

Axis Bank, one of the largest private sector banks in India, today announced its successful integration with the Goods and Service Tax portal, thereby allowing its Commercial Card Corporate customers to make GST payments seamlessly.

Ripple, the leading provider of enterprise blockchain and crypto solutions, has announced plans to partner with the DIFC Innovation Hub to accelerate blockchain and digital assets innovation in the UAE. The new partnership will connect the next generation of developers with the DIFC Hub, the largest innovation community in the region and home to more than 1,000 growth-stage tech firms, innovation companies, digital labs, venture capital firms, regulators and educational entities.

The first six months of 2024 were challenging for the fintech market globally amid the high interest rate environment and the significant amount of global geopolitical uncertainty. Total global fintech investment—including VC, PE, and M&A deal value—fell from $62.3 billion across 2,287 deals in H2’23 to $51.9 billion across 2,255 deals in H1’24.

Sainsbury’s has announced it has chosen NCR Voyix, a global leader in digital commerce solutions, to help transform its shopping experience and support its Next Level Sainsbury’s business strategy. The seven-year agreement expands the UK grocer’s more than 20-year strategic partnership with NCR Voyix.

Cohesity, a leader in AI-powered data security and management, has extended its first-mover advantage in GenAI detection and recovery capabilities with the addition of significant new enhancements to the Cohesity Data Cloud. These improvements allow customers to use Cohesity’s built-in AI capabilities to rapidly detect, investigate, and address potential threats within their environment, enabling them to restore operations far more quickly.

WorldFirst, a one-stop digital payment and financial services platform for global businesses, particularly SMEs in international trade, has worked with Walmart to enable China-based e-commerce sellers to securely collect funds from Walmart Marketplace, accelerating global growth opportunities.

Mox Bank Limited today is making it easier for Mox Invest customers to expand their portfolios with exchange-traded cryptocurrency funds directly on Mox Invest. The service offers a convenient way to gain exposure to the crypto market through a regulated and familiar investment platform without the complexities of managing a personal crypto wallet, making Mox the first virtual bank in Hong Kong to offer crypto-related investment products.

SAN FRANCISCO Visa, the Official Payment Technology Partner of the Olympic and Paralympic Games, today shared new data revealing initial consumer spending patterns during the kickoff of the 2024 Paris Games.

Paris 2024 Spend by the Numbers