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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. The Chinese company had an estimated operating profit of below $4 billion the prior year, according to Bloomberg. billion by 2027.

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Q&A: How to integrate RPA at financial institutions

BankInovation

Financial institutions’ interest in robotic process automation (RPA) has increased with the improving technology. The global RPA and hyper-automation market size will grow to $26 billion by 2027 from $9.2 RPA can help banks save on labor costs and improve operational efficiencies. billion in 2022, according to a recent?report?from

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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

This puts pressure on merchants to find ways to make their operations PCI compliant, and fast. There are many technologies that can help keep customers’ data safe, with increasing market interest in tokenization in particular. billion by 2027, propelled by a compound average growth rate (CAGR) of 25.7

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Commerce Department Tightens Reins On Huawei

PYMNTS

Department of Commerce (DOC) has doubled down its prohibition against Huawei Technologies Co.’s s purchase of technology and software from U.S technology and compromise the integrity of the world’s networks and Americans’ private information,” Secretary of State Michael Pompeo tweeted. software or technology.

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Mercari Acquires Rival Marketplace App Origami

PYMNTS

The country is “one of the most heavily cash-dependent economies in the world” and the government now intends to move consumers away from a traditional reliance on cash and double the cashless payments transactional rates to 40 percent by the year 2027.

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Digitizing B2B Payments: Virtual Cards Save CFOs Invoicing And Payments Hassles

PYMNTS

Many companies are becoming interested in replacing paper check payments with those conducted via virtual cards or other means, according to Meitra Aycock , senior vice president of corporate payment operations at B2B payments solutions provider Comdata. percent from 2020 to 2027. Read more in the report. About The Report.

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Fleet Spend’s Opportunity Beyond Driver Transaction Data

PYMNTS

The fleet management space is a hotbed for technological innovation, thanks to solutions like Internet of Things (IoT) connected cars, autonomous vehicles and a bourgeoning SaaS ecosystem designed to boost control over all aspects of fleet, from repairs to driver time tracking. Technological Opportunity.

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