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.
Social media platform Reddit has sued the artificial intelligence company Anthropic, alleging that it is illegally “scraping” the comments of Reddit users to train its chatbot Claude.
President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be singed into law by Independence Day. And he’s pushing the slow-rolling Senate to make it happen sooner rather than later. Trump met with Senate Majority Leader John Thune at the White House early this week and has been dialing senators for one-on-one chats, using both the carrot and stick to encourage them to act. But it’s still a long road ahead for the bill. Senators want to make changes to protect Medicaid and to make sure some tax breaks become permanent. Elon Musk called the whole bill a "disgusting abomination.”
