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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

Marketing 209
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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.

Google 133
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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. Founded by Zhang Yiming in 2012, ByteDance built TikTok into a social media hit across the globe, with over 100 million users just in the U.S.,

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

” These pre-crime events including emails, SMS, logins, website clicks, social media, banker conversations, and call center inquiries. Real-time Payments (RTP) and FedNow are expected to exceed 13B payments annually by 2027. Banks are reporting higher than planned receipt and send volumes.

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Chinese Advertising Generates $27B For TikTok’s ByteDance

PYMNTS

Social commerce topped $89 billion January to September, making social media the new advertising darling and ByteDance a threat to longer-established platforms like Facebook and Instagram. A recent report forecasted that social commerce will reach $604.5 billion by 2027. . percent stake in TikTok’s U.S.