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TikTok Doubles Sales To $35 Billion Despite Bans, Layoffs

PYMNTS

Chinese social media app TikTok — the world’s biggest startup — grew operating profit to $7 billion after parent company ByteDance saw revenue at about $35 billion last year, Bloomberg reported. Some 58 additional Chinese apps were also banned by India’s Ministry of Electronics and Information Technology. “It billion by 2027.

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Report: Social Commerce Market Reaches $89B

PYMNTS

Regardless of what happens with the sale of TikTok, social commerce could become a retail factor to reckon with in Q4, and is definitely ready for its close-up in 2021. In fact a new report puts the global market for social commerce at $89.4 billion by 2027, growing at a CAGR of 31.4

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Location, Location, Location: Google Maps Get Birthday Upgrade

PYMNTS

Google Maps is getting a makeover and retailers will be a beneficiary as it enables more location sharing, data access and social media integration. billion by 2027. Along with a new logo for its 15th birthday, the Google Maps app has stepped up its navigation features, according to reports.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Real-time Payments (RTP) and FedNow are expected to exceed 13B payments annually by 2027.