As consumers opt for convenience, many are leaving behind cash and moving towards digital payment solutions. Shiv Singh, SVP of Innovation and Strategic Partnerships at Visa, joined us to discuss the key trends transforming commerce.
Visa just completed a major study and uncovered five major trends. Singh says the whole idea of paying in messenger environments is one of the biggest themes.
Singh highlights China's progress in messenger payments on the WeChat platform, which has seen a spike in volume. He also provides insight into Visa’s strategy for breaking into the Chinese market. When China's government is ready to loosen up its regulations, Singh says Visa will be ready to capitalize.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
The Biden administration announced the first of many coming federal investments in computer chip production, saying Monday that it would provide $35 million for BAE Systems to increase production at a New Hampshire factory making chips for military aircraft, including F-15 and F-35 jets.
