News

Banking
New Owner HSBC Invests $2.1 Billion Into SVB UK
March 13, 2023

British banking giant HSBC is reportedly set to inject $2.1 billion into Silicon Valley Bank UK. 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...

Delivery
Food Rocket Shuts Down as Ultrafast Delivery Faces Reckoning
March 13, 2023

As economic pressures have many consumers reining in spending, ultrafast delivery is struggling. 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....

Payment Methods
Dubai’s Astra Tech Forms Partnership With Mastercard
March 13, 2023

Dubai-based FinTech Astra Tech says a new partnership with Mastercard has expanded its payment ecosystem. 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...

Investments
APEXX Global Raises $25 Million to Expand Payments Orchestration Platform
March 13, 2023

APEXX Global has raised $25 million in a Series B funding round for its payments orchestration platform. 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...

Faster Payments
South Africa Claims Real-Time Payments Progress With PayShap
March 13, 2023

South Africa’s central bank says the country is closer to “a more accessible national payment system.” 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...

eCommerce
Tea Company Parlays Century-Long History Into D2C eCommerce Following
March 13, 2023

In the competitive D2C space, Mark Wendell Tea has found history makes all the difference. 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
Michaels, David’s Bridal Take Cues From Amazon and Launch Marketplaces
March 13, 2023

Before third-party SaaS platforms like Shopify and BigCommerce existed, claiming an online presence was already a heavy lift for sellers. So was integrating with third-party sellers to get more distribution. It ultimately left the playing field to big box retailers like Walmart and Target and,...

Retail
Omnichannel Offerings Boost In-Store Visits by Beauty and Wellness Shoppers
March 13, 2023

Omnichannel shoppers in the beauty and wellness space are volume shoppers. 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 completing...

Banking
BaFin Bans SVB From Doing Business in Germany
March 13, 2023

Aftershocks from the collapse of Silicon Valley Bank continue to be felt around the world. 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,...