News

Investments
M-KOPA Raises $250 Million to Improve Financial Inclusion in Africa
May 15, 2023

M-KOPA has raised $250 million to expand its financial services offering across sub-Saharan Africa. 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....

Mobile Payments
Nigerian Mobile Companies Block Banks From Text Service Over Unpaid Bill
May 15, 2023

Nigerian mobile companies are reportedly halting text services to banks over a $259 million bill.  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,...

B2B Payments
Zip Launches Intake-to-Pay Tool to Unify Procurement Spend
May 15, 2023

Zip has added procure-to-pay capabilities to its intake-to-procure 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 daily newsletter, PYMNTS Today. By completing this form, you...

Artificial Intelligence
Generative AI Is Eating the World — How to Avoid Indigestion
May 15, 2023

Just a few years back, “every company” was going to be a FinTech company. 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...

Loyalty & Rewards
TGI Fridays Latest Chain Remaking Loyalty to Favor First-Party Ordering Over Aggregators
May 15, 2023

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 this form, you agree to receive marketing communications from PYMNTS and...

Retail
Victoria’s Secret Ditches the Runway for Film, but Will Consumers Care? 
May 15, 2023

Victoria’s Secret (VS) is reviving its iconic fashion show but with a fresh approach. Instead of the traditional runway event, the brand is featuring women from diverse backgrounds worldwide in a full-length film called “Victoria’s Secret World Tour.” The movie aims to highlight the brand’s...

Retail
Mugler and H&M: Why Luxury Brands Are Leaning Into Fast Fashion
May 15, 2023

The fashion industry used to view collaborations between luxury brands and fast fashion as taboo. Luxury brands were reluctant to partner with fast-fashion retailers for fear of damaging their brand image. Nevertheless, the landscape has changed as consumer attitudes towards fashion have shifted and new...

Artificial Intelligence
Amazon Using AI to Drive Faster Delivery
May 15, 2023

Amazon is reportedly using artificial intelligence in its inventory system to speed deliveries. 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....

Cross-border Payments
How a 190-Year-Old UK Bank Is Reimagining Payments
May 15, 2023

Slow processing times, high banking fees, and complex and overlapping regulatory requirements continue to create pain points for individuals sending and receiving remittances worldwide. And although technology has simplified cross-border payments over the years, Bhairav Trivedi, CEO at U.K.-based Crown Agents Bank (CAB), says not...