Latest news with #Payoneer
Yahoo
07-07-2025
- Business
- Yahoo
How e-commerce merchants are navigating tariffs: Payoneer CEO
Tariffs are back in focus as businesses brace for global trade disruptions and shifting supply chains. Payoneer (PAYO) CEO John Caplan joins Market Domination to break down how small businesses worldwide are adapting to rising costs and staying committed to US consumers despite uncertainty. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Tariffs and trade deals dominating the headlines on Monday with President Trump issuing tariff letters to multiple countries. As global negotiations continue, businesses are navigating rising uncertainty and preparing for potential fallout from disrupted trade flows. For more, we'll bring in now John Kaplan, CEO of Pioneer and Yahoo Finance's Julie Hyman. Welcome to you both. John, I will start with you. Um, you've got a lot of customers all over the world. Maybe start high level, e-commerce growth, what are the trends you are seeing around the world? Where, where are the pockets of strength, where are the weaknesses? It, it's great to be here. So, Pioneer has 2 million active customers in 190 countries and territories. They're all entrepreneurs and small business owners. Some will sell $30 million year in, in volume, some 300, or some three. And what we see is the Chinese entrepreneurs in our portfolio are incredibly resilient, and are, the tariff environment notwithstanding, are seeking distribution in Europe, Latin America and elsewhere, while they preserve their relationships and distribution on Amazon or Walmart or Etsy or other big marketplaces. We recently did research, 8,000 respondents, global SMBs, 34% of international SMBs very concerned about the tariffs, 36% of US SMBs concerned. So, it's interesting, the US business owners more concerned about the tariff environment than the international entrepreneurs. Most US SMBs don't export. International SMBs start exporting from day one. They're global from the day, when they begin. And so, our data suggests that entrepreneurs are, are resilient, concerned, but focused on growth. I agree with an earlier guest who was talking about that this is a grand negotiation and the world trade will continue. And so, we're in the midst of that negotiation, but if you see through the negotiation, entrepreneurs and trade are focused on growth. Well, and as you said, they have to operate even as this negotiation is going on. So, as you say, as they are retaining and maintaining the US relationships while looking elsewhere, are they raising their prices into the US to account for the tariffs? Are they in trying to increase their volumes elsewhere to make up for it? How are they managing around it? It's a balance. So you'll see some, some of the merchants who sell goods into the US, reducing their SKU count, shedding unprofitable SKUs. They're reducing their cost of goods where their products are manufactured, squeezing margin out of the manufacturing. They're looking at price increases where there's elasticity in their, in their value prop, where they in fact can pass on some price increase. Remember, those products that are imported from Asia are high quality, low cost goods, have a lot of margin in them. Right? And so, the entrepreneurs who are running those businesses are looking to continue to sell to the most incredible consumer on the planet, which is the US consumer, while diversifying to Europe and Latin America and the Middle East. That said, your survey that you mentioned, what struck me is not just that about a third or so of the respondents are very concerned, it's that it's a rising percentage. Which is interesting to me given that we seem to be getting closer to deals, maybe, you know, with our, our counterparts, uh, in trade. So how, what do you make of that? I think it's dark, I think it's darkest before the dawn. Right? Like we're in that final moment and, and, you know, our customers are so resilient and confident about cross-border trade and optimistic about the long-term prospects. So, in some ways, this uncertainty is kind of an air pocket in their operations. You know that feeling when you're, when you're on a flight and you go through that air pocket? It's terrifying for a minute and then everything resumes back to normal. I mean, I mean, you say they're resilient. I am curious because there was talk at the beginning, when we had the, the most dire, um, uh, tariff rates, right? That this was gonna put companies out of business, that they were really gonna see a big drop. Have any of your clients gone out of business? So, it's interesting, we did research to ask, most of our customers are international businesses. They're all over the world. And we asked them, are you going to retreat from the US? Stop selling to the US? And it, when the tariffs were at 145%, it was effectively an embargo. Then they didn't have much choice, right? It's hard to, you know, you know, operate a business if you're, if you don't have any, uh, ability to squeeze out profits. I don't think there's any desire for people to walk away from the US consumer. They are very focused on maintaining those relationships. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hans India
07-07-2025
- Hans India
Google Offers Free Battery Replacement for Pixel 6a Users Amid Overheating Concerns
In a welcome move for Pixel 6a users, Google has announced a free battery replacement program aimed at addressing battery drain and overheating problems reported by many users globally. Along with the replacement offer, Google will roll out a mandatory Android 16 update starting July 8, 2025, designed to enhance battery performance and curb overheating on all Pixel 6a devices. "The battery replacement program provides one battery replacement at no charge for eligible Pixel 6a devices following an initial eligibility check and physical inspection of your device," said Google. The offer includes not only a free battery replacement but also the option to receive Rs 8,500 ($100) via Payoneer or Google Store credit worth Rs 12,700 ($150). This program is open to users in India, the US, Canada, the UK, Germany, Singapore, and Japan through walk-in repair centres starting July 21, 2025. Mail-in service will be available in India and the US. Google has stated that the program will soon extend to France, other parts of Europe, Japan, and Australia. How to Check Eligibility: To find out if your device qualifies: Go to Google's official eligibility checker page. Enter the IMEI number of your Pixel 6a. Submit the email address linked to the device. Important Conditions to Note: Google has clarified that devices showing liquid damage or significant physical wear may not qualify for the free battery replacement. If your phone has other out-of-warranty issues like a cracked screen, a service charge might apply. "Before we start any repairs, we'll provide a cost estimate. You then have the option to proceed with the repair or have your device returned to you," the company added. Additionally, payouts will be made in local currencies, and the final amount will be calculated based on current exchange rates at the time users choose their support option. This initiative reflects Google's effort to address consumer concerns and ensure better device performance as part of its broader commitment to product quality and customer satisfaction.
NDTV
06-07-2025
- NDTV
Google Offers Free Battery Replacements For Pixel Phones. Check If You Are Eligible
Google is offering a free battery replacement or a compensation of $100 (Rs 8,500) for Pixel 6a users, including in India, experiencing battery drain and overheating issues. The company will also implement a mandatory Android 16 update to all Pixel 6a devices to improve battery efficiency and reduce overheating risks, with rollout starting July 8, 2025. "The battery replacement program provides one battery replacement at no charge for eligible Pixel 6a devices following an initial eligibility check and physical inspection of your device," said Google. Who is eligible and how to check eligibility? All eligible Pixel 6a users can get their batteries replaced for free at authorised service centres. The users can opt for a cash payout of Rs8,500 via Payoneer or $150 (Rs12,700) in Google Store credit. Google said that the battery replacement will be available starting July 21, 2025, at walk-in repair centres in the United States, Canada, the United Kingdom, Germany, Singapore, Japan, and India. Via mail-in repair service, it will be available for customers in the US and India. Additional battery replacement capability is expected in Japan, France, some other parts of Europe, and Australia soon. Follow these three steps to check eligibility: Step 1: Visit Google's dedicated eligibility checker page Step 2: Enter your device's IMEI number Step 3: Submit the email ID linked to the device What are the conditions? Google clarified that devices with liquid damage or significant physical damage may not qualify for the free battery service. Out-of-warranty issues like broken screens may incur a service fee. "Before we start any repairs, we'll provide a cost estimate. You then have the option to proceed with the repair or have your device returned to you," noted Google. "Payments will be converted to your local currency and the final amount will be calculated using the exchange rate in effect at the time you select your support option," it added.
India Today
04-07-2025
- India Today
Pixel 6a users can claim $100 cash or $150 credit from Google under battery performance program
Google is now offering compensation to Pixel 6a users facing battery-related issues. As part of its new Battery Performance Programme, the company is giving customers the option to either get their phone battery replaced for free or claim a cash or store credit payout. The move comes after complaints of overheating and battery performance concerns linked to the Pixel prevent further battery-related problems, Google will push a mandatory Android 16 update to all Pixel 6a devices. This update is aimed at improving battery efficiency and reducing overheating risks. While free battery replacement at authorised centres was already available, Google has now added more support choices for users who prefer to move on from the to details shared by the company, affected users who don't want to go for a battery replacement can opt for a trade-in offer. Under this, Pixel 6a users can receive $100 (around Rs 8,500) as direct cash or choose to get $150 (approximately Rs 12,800) as a Google Store credit code. This store credit can be used towards buying a new Pixel phone. The final value in local currency will be based on the day's exchange rate, and Google has mentioned that cash payouts may not be available in all regions, depending on local rules. For handling payments, Google is working with Payoneer, a third-party financial platform. To process the money, users might need to share personal details like identification numbers, this will depend on the rules of the country the user is in. For example, users in the US may be asked to share their Social Security Number, while other regions may require alternate ID know if they are eligible, Pixel 6a users must visit a dedicated eligibility page set up by Google. They'll be required to enter their email address linked to the device and the IMEI number of the phone. In case someone is helping a family member or friend with the process, they can submit the details using another email ID, although Google has warned that it might ask for more information in some cases for eligibility is confirmed, users can go ahead and choose whether they want the free battery service or claim compensation. This move from Google gives users flexibility and support, especially those using older units or planning an upgrade. The combination of a required software update and hardware support shows that the company is taking battery issues on the Pixel 6a seriously while giving affected customers practical solutions.- Ends
Business Recorder
04-07-2025
- Business
- Business Recorder
Payoneer's Connect 2025: Gaming industry eyes global expansion
KARACHI: Pakistan's gaming industry, expected to surpass $1 billion in revenue this year, took the spotlight at Payoneer's Game Leaders Connect 2025. The exclusive gathering brought together 75 founders and executives from prominent local studios, including InvoZone, Euphoria XR, and Fishry/Bramerz, to explore opportunities for scaling Pakistani gaming and app exports to international markets. The event featured sessions addressing key challenges facing the sector, such as overcoming cross-border payment hurdles, developing export-ready teams, and capitalizing on the country's estimated 45 million-strong gaming community. Industry experts also discussed strategies for global monetization, brand positioning, and achieving sustainable growth in an increasingly competitive international market. Speaking at the event, Nagesh Devata, SVP Asia-Pacific at Payoneer, reaffirmed the company's commitment to Pakistan's digital economy. 'Pakistan is a priority market for Payoneer. We are a trusted partner for leading game developers, tech companies, and service exporters in the country, providing business-grade solutions for cross-border trade. With the industry projected to exceed $1 billion in 2025 and $158 million in gaming exports, Payoneer remains dedicated to supporting this ecosystem,' he said. Payoneer also showcased its suite of fintech tools designed to enable seamless international transactions and multi-currency billing, aiming to strengthen the position of Pakistani developers in global markets. With gaming exports currently valued at $158 million and climbing, stakeholders at the event emphasized the sector's growing contribution to Pakistan's digital economy and its potential as a significant driver of future export growth. Copyright Business Recorder, 2025
