article thumbnail

Snap To Buy Digital Mapping Startup StreetCred; Adds To Location Strategy

PYMNTS

Snap , parent of social media company Snapchat , has bought New York City-based StreetCred , which is working on a platform for location data, according to a report from Business Blockchain HQ. That feature was added last summer to the main Snapchat navigation bar and was drawing around 200 million users per month.

article thumbnail

Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Leveraging social media, Gentle Monster started to get traction. The tactic worked – in 2013, Gentle Monster’s oversized glasses were used to portray the main character of a huge Korean drama show. How Banks Can Leverage: While not exactly a banking innovation, banks can better allocate capital to COIs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Facebook To Buy Stake In India’s Meesho

PYMNTS

Social media company Facebook is going to buy a stake in Meesho, an Indian eCommerce startup that connects people re-selling a variety of items with potential buyers on other platforms, according to a report from Reuters. Meesho reportedly was founded in 2015 has raised some $65 million in capital so far.

article thumbnail

New Study: Static Web Content Bad For Account Holder Engagement

PYMNTS

Findings from PYMNTS Retail Banking Services’ Paradigm Shift speak volumes about the shifts happening in customer preference, and how FIs can capitalize on new information formats. Irrelevant, Ill-Suited Info. Mobile apps are particularly popular among Gen Z consumers, with nearly half using them to learn about financial products.”.

Study 196
article thumbnail

Google’s Waze Acquisition Likely Target Of FTC Scrutiny

PYMNTS

Waze was considered by some to be part social media site, part navigation app. Further, by purchasing Waze, Google got rid of its main competitor. . It was different from Google’s own Maps, in that users could exchange information about police in the area or traffic-causing construction.

Google 160
article thumbnail

Tencent Surpasses Alibaba As Most Valuable Chinese Tech Stock

PYMNTS

Social media company Tencent has now claimed that title. Alibaba still has the title of largest IPO on the New York Stock Exchange, but Tencent ’s rising market capitalization is pushing it out of the top spot in terms of Chinese tech firms. So, what’s behind the interest in China’s largest social media company?

article thumbnail

Mix-N-Match Fake Shopping Holidays For Fun And Profit

PYMNTS

This year’s theme is “Shop Small and Share Joy” – and Amex is betting the store, as it were, on social media, saying in a statement that “according to the American Express Shop Small Impact Study … the majority (78 percent) of small business owners say that positive feedback on social media is a significant driver of business.”.