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Western Union: Emerging Market GDP, Innovation Depend On Remittances

PYMNTS

They have provided critical support for those developing markets during the pandemic and will continue their importance after the pandemic is in the rearview mirror, a report by Oxford Economics , commissioned by Western Union , has found.

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Scalability in Banking and Digital Transformation Example

South State Correspondent

In this article, we give a practical example of how scalability in banking works and how to use it to your strategic advantage. Case Study: SBA Lending – The Traditional Approach Small Business Administration (SBA) loan production is the perfect example of a business line that screams for digitization.

Examples 195
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How Can Automakers and Suppliers Win Over Customers With Digital?

Perficient

McDonald’s took these recommendations and rolled out innovative digital self-order kiosks, updated dining experiences with an app to order, and then announced they would implement a trial phase for a loyalty program in Arizona in later years. These are just two examples of major companies transforming their digital experiences.

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Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options

PYMNTS

Ninety-six percent of them expect to use their card details to power emerging digital payment methods like digital wallets or even augmented reality payment apps, for example. Eighty-three percent say they would use such payments at grocery stores, for example, while 81 percent say they would use them at drug stores.

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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market. For example, Disque pointed to capabilities for FinTech to automatically enforce payment terms and route transactions via the appropriate payment method without manual intervention from the seller.

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Beautycounter Embraces D2C Innovation With Purpose

PYMNTS

No matter how innovative they are, companies still need to get paid. And not many companies this year have combined business model creativity with payments innovation more than Beautycounter. While all the innovations and the business awards are nice to have, Renfrew is most proud of her work as a beauty industry activist.

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Black Swans Are The Sandbox Of New Innovations

PYMNTS

Jim McCarthy, i2c president, says disasters often breed innovation. Black Swans Are the Sandbox of New Innovations. A few innovators do come forward with good ideas, but often the environment can’t support them past the short term. While it may take years, these good, innovative ideas often resurface when the time is right.