PYMNTS AM Radar: Amazon vs Shopify; Digital LatAm

It’s Thursday (April 21), and Shopify is nipping at Amazon’s heels, making the eCommerce behemoth rethink its relationship with merchants. Meanwhile, WhatsApp wants to move beyond social and into the office. Here’s what else should be on your radar this morning.

Amazon vs Shopify: Amazon is trying to cozy up to its merchants with a new Buy With Prime perk in a move to thwart Shopify’s encroachment on its eCommerce ecosystem. Amazon’s new seller tool allows merchants to integrate Amazon Prime checkout directly from their own website. READ MORE

WhatsApp for the Office: Employees at the same company could soon be chatting with the boss on Meta-owned WhatsApp as the messaging firm moves to launch a subscription plan for businesses. The commercial plan would upgrade the number of allowable devices from four to 10 and could also be used to showcase products and connect with customers. READ MORE

Digital LatAm: Small-and-medium-sized businesses (SMBs) in Latin America want to embrace a digital-first environment — not only to expand their firms, but to drive financial inclusion. Of the 5 million SMBs in Colombia, for example, 60% have little access to financial services, Mario Shiliashki, CEO of PayU Global Payments, told PYMNTS ‘Karen Webster. READ MORE

Crime-as-a-Service: Cyber ​​crimes have expanded from fraud and money laundering to ransomware, business email compromise (BEC) and phishing – and then there is the use of cryptocurrency as a vehicle to hide ill-gotten gains. Featurespace Founder Dave Excell told Karen Webster that the rise of “Financial Crime-as-a-Service” has infiltrated the financial services sector. READ MORE

Main Street Recovery: As the world starts slowly bouncing back from the two-year pandemic, Main Street businesses are having a hard time recovering but are finally seeing more signs of life. PYMNTS “The Main Street Index: How America’s Small to Mid-Sized Businesses Are Rebuilding for a Post-Pandemic Economy,” powered by Melio, shows that Main Street firms are now at pre-demic levels. READ MORE

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NEW PYMNTS DATA: THE FUTURE OF BUSINESS PAYABLES INNOVATION STUDY– APRIL 2022

Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Learn how all-in-one payment solutions can help businesses streamline B2B transactions and remove AP and AR management frictions

About: While over half of SMBs believe that an all-in-one payment platform can save them time and improve visibility into cash flows, 56% believe that the solution could be difficult to integrate with existing AP and AR systems. The Future Of Business Payables Innovation Report, a PYMNTS and Plastiq collaboration, surveyed 500 SMBs with revenues between $ 500,000 and $ 100 million to explore how all-in-one solutions can exceed SMBs’ expectations and help future-proof their businesses.

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