Latest news with #commerce
Yahoo
a day ago
- Business
- Yahoo
Global Payments renews alliance with Banamex in Mexico
Global Payments has expanded its partnership with Banco Nacional de México, a part of the Banamex Financial Group, to enhance commerce solutions in Mexico's acquiring and banking services sector. The collaboration is facilitated through Global Payments' EVO Payments business, which boasts a significant presence in the Mexican market, processing nearly 900 million transactions and servicing over 250,000 installed POS systems. The "multi-year renewal" aims to serve small and medium-sized enterprises as well as larger corporations, covering both online and physical retail environments. Banamex consumer banking head Sinead O'Connor said: 'Aligned with Mexico's growth, we continue to increase our robust technological payments infrastructure and strengthen our digital capabilities, enabling us to address and provide the best financial and payment solutions for SMEs and Corporates, which are the driving force behind local development.' As part of the alliance, Global Payments will deliver integrated and embedded payment solutions that complement Banamex's existing banking services. Global Payments' Mexico general manager Gabriel Mejía stated: 'Our strategic alliance with Banamex has been an outstanding success story and we are pleased to continue serving the needs of merchants across Mexico with our valued partner. 'Together, we will continue driving innovation forward so that businesses have the full range of leading commerce solutions they need to compete and win while delivering exceptional experiences for their customers.' Last week, the Financial Times reported that Elliott Management, an activist hedge fund, took a 'sizeable stake' in Global Payments. The payment processor has been facing investor backlash after its $24.2bn Worldpay acquisition pushed shares to a ten-year low. "Global Payments renews alliance with Banamex in Mexico " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Video: Lutnick Confident of Reaching EU Trade Deal
Commerce Secretary Howard Lutnick doubled down on the deadline for the European Union to reach a trade deal with the U.S. "I am confident we will get a deal done," he said in an interview with CBS over the weekend. "It will be great for America," he added.
Yahoo
2 days ago
- Business
- Yahoo
2025 is seeing the beginning of a new era in commerce
-- Bernstein analysts stated this week that OpenAI's integration of a checkout system into ChatGPT marks a fundamental shift in how online commerce is conducted, ushering in what they call 'the beginning of a new era in commerce — the Agentic One.' The move, reported by the Financial Times, would allow users to complete purchases without leaving the chat interface, with merchants paying affiliate and possibly payment processing fees. 'A killer AI consumer use-case is an agent which can help us navigate the drudgery of online shopping and find the right item/service, authentic reviews, price, offers, and fill out forms,' Bernstein wrote. They estimate this shift could lift retail e-commerce growth by 1.5 to 2.5 percentage points annually. Bernstein sees this development as part of a broader transformation. 'Agentic commerce can unlock new commercial models, transform existing ones and fundamentally change how we spend our time online,' the analysts said. The firm notes that OpenAI's earlier launch of Operator, with partners such as Uber (NYSE:UBER), DoorDash (NASDAQ:DASH), and Instacart (NASDAQ:CART), showed clear signs of this trajectory. Major payment players, including Visa (NYSE:V), Mastercard (NYSE:MA), Stripe, and PayPal (NASDAQ:PYPL), are reportedly already adapting their products with AI capabilities, suggesting that card networks and processors like Adyen (AS:ADYEN) stand to benefit. 'Cards (and V/MA) appear to be the winners (not stablecoins),' Bernstein noted, while pointing out digital wallets could face disintermediation unless they evolve their roles in this ecosystem. Still, questions remain. Bernstein flagged the scale of traffic OpenAI can command and the potential impact on 'on-platform ads and payments, and direct consumer relationships' as key uncertainties. Related articles 2025 is seeing the beginning of a new era in commerce - the Agentic One Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Trump's tariffs on Canada might be here to stay, U.S. Secretary of Commerce says
With less than two weeks to go for Canada to make a trade deal with the U.S., Prime Minister Mark Carney and the nation's premiers are set to tackle the issue during a three-day meeting in Ontario. As Mackenzie Gray reports, Trump's commerce secretary is making it clear the U.S. is firmly committed to imposing substantial levies if American demands are not met.
Yahoo
2 days ago
- Business
- Yahoo
Commerce Secretary Lutnick Confident About Reaching EU Trade Deal
In an interview with CBS, Commerce Secretary Howard Lutnick doubled down on the deadline for the European Union to reach a trade deal with the U.S. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
