News

Payment Methods
Klarna’s Card User Base Reaches 5 Million Mark
March 19, 2026

Payments and digital banking company Klarna says its Klarna Card now has 5 million customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Regulation
GOP Lawmakers Push for New Fed-Treasury Accord 
March 19, 2026

House Republicans want to draw new boundaries between the Federal Reserve and the U.S. Treasury. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Cross-border Payments
Banks Make Their Move in Cross-Border Payments
March 19, 2026

Cost-effective, streamlined and data-rich cross-border payments have long been the holy grail of global commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Investments
Obin AI Raises $7 Million for Agentic Tools for Financial Firms
March 19, 2026

Obin AI has raised $7 million to develop agentic AI tools for financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Banking
HSBC Weighs 10% Staffing Cut as Banks Hand Off Work to AI
March 19, 2026

HSBC is reportedly considering widespread job cuts as the banking giant relies more on AI. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Retail
Budget Pressure Is Changing What ‘Worth It’ Means to Gen Z
March 19, 2026

Financial stress is pushing more consumers toward digital wallets, and the shift may say less about tech adoption than about how shoppers are trying to stay organized when every dollar matters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
FinTech Loan Fund Limits Withdrawals as Investors Exit Private Credit
March 18, 2026

Stone Ridge Asset Management told clients in one of its funds last week that it would pay investors only 11% of the amount they requested to cash out because recent redemption requests were so high, the Wall Street Journal reported Wednesday (March 18), citing an investor update. Get...

Retail
Macy’s Credits AI, Reimagined Stores and Loyalty Data for Return to Growth
March 18, 2026

Macy’s returned to positive comparable sales in fiscal 2025, marking what the company called an inflection point after years of contraction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
BofA Targets European Banks With Private Credit Short Basket
March 18, 2026

Bank of America is offering clients a basket of 17 European financial stocks that allows them to bet against companies the bank said are among the “most exposed to private credit shocks,” the Financial Times reported Wednesday (March 18). Get the Full Story Complete the...