article thumbnail

Samsung Q3 Mobile Sales Decline 12 Percent

PYMNTS

Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. AI-based automation will enable Samsung to introduce new services in the 5G era, such as industrial Internet of Things (IoT) and connected cars.

Samsung 122
article thumbnail

Retail Crisis In U.S., U.K. A Fizzle For 2020?

PYMNTS

Looking past the cheerful numbers tied to holiday shopping and the tens of billions of dollars spent on Black Friday, Cyber Monday and into Christmas, the decline of retail, at least the traditional retail model, continues into the new year, and across oceans. The retail sector is among the largest employers in the U.K.,

Retail 131
Insiders

Sign Up for our Newsletter

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

article thumbnail

This Week In Retail: Funding, Finance And Tech

PYMNTS

This week in retail, we’ve seen news coming in from multiple sides, including that of Apple’s projected increase in smartwatch sales , U.K. This week in retail, we’ve seen news coming in from multiple sides, including that of Apple’s projected increase in smartwatch sales , U.K. Moving into lending news, U.K.-based

article thumbnail

Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

PYMNTS

Amex threw its hat into the online lending ring earlier this week when it announced that it will launch a program later this year that will extend lines of credit from as little as $1K to as much as $750K for qualified SMB borrowers. The Samsung Galaxy S7, which put the mobile division at the top of the heap for Samsung – again.

Lending 101
article thumbnail

Ant Financial Acquires Minority Stake In Klarna

PYMNTS

Ant Financial is China’s biggest firm in the $27 trillion Chinese payments market and is expanding into consumer lending. Alipay, and the wider Alibaba Group, have truly set the global pace on retail innovation and the app economy. Klarna added over 75,000 new merchants last year. Klarna raised $460 million in August for a total of $1.2

Samsung 160
article thumbnail

FSB: Tech Giants Will Shake Up Financial Industry

PYMNTS

Many companies have moved into the financial space, including Tencent, Baidu, Google, Samsung, Microsoft, Mercado Libre and Vodafone. Apple said that with the addition of the national retailers, 74 of the leading 100 merchants in the U.S. and 65 percent of retail locations around the U.S. It announced on Jan. support Apple Pay.

Industry 108
article thumbnail

The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Morgan Enhances Virtual Cards Via Marqeta. In another bank-FinTech tie-up, J.P.

Fintech 277