APAC Cart Abandonment Rises Absent Localized Payments
At a time when cross-border sales are increasingly being targeted as a key growth opportunity for online merchants, new cart abandonment statistics show that expanding into Asia’s fast-growing economies is no easy task. Even so, for businesses that do decide to make...
Bolt, Wyre Scrap Merger, Remain Partners
Payments FinTech Bolt Financial and crypto startup Wyre Payments are remaining business partners but have decided to scrap the $1.5 billion merger plans announced in April. “Bolt remains a strong believer in crypto and a supporter of Wyre,” Bolt CEO Maju Kuruvilla...
Offering APAC Customers Local Payment Options Could Cut e-Commerce Cart Abandonment by Half, Say Western Global Merchants
SANTA CLARA, Calif.–(BUSINESS WIRE)–Citcon Inc., the leading payment provider enabling global commerce at scale, today reported results of a new global survey of 500 leading merchants in the United States, Canada and the United Kingdom revealing the...
Bolt cans $1.5bn Wyre acquisition
Online checkout company Bolt has pulled the plug on its $1.5 billion deal to buy blockchain infrastructure provider Wyre. Bolt announced the acquisition in April, touting its plan to integrate Wyre’s APIs, which enable simple and secure crypto to fiat...
