News

Banking
Majority Raises $37.5M to Further Serve Banking Needs of US Migrants
September 14, 2022

Mobile bank for migrants Majority raised $37.5 million in a Series B funding round for expanding its suite of essential services as it continues its growth trajectory to support the nearly 50 million immigrants in the U.S. Get the Full Story Complete the form to...

Regulation
Report: Indian Federal Agency Searched Some Paytm, PayU Locations
September 14, 2022

An Indian federal agency has reportedly conducted searches at some PayU and Paytm locations, with the latter being owned by One 97 Communications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cross-border Payments
LianLian Global Offers Full Value Payments Guarantee to China
September 14, 2022

Cross-border payments service provider LianLian Global announced Wednesday (Sept. 14) that it is offering the world’s first cross-border payments guarantee to China. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Delivery
Amazon’s Logistics Fine-Tuning Spotlights Last-Mile Focus
September 14, 2022

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Investments
Nyshex Secures $25M to Scale Digital Freight Tech
September 14, 2022

Nyshex, a digital platform connecting shippers and ocean carriers, raised $25 million in a Series B funding round to boost the development of its technology platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Wegmans Shuts Down Scan-and-Go Checkout Amid ‘Losses’
September 14, 2022

As grocers look to remove friction from the in-store journey, not all their tech bets are paying off. 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...

Retail
Inditex Says Optimized Shopping Experience Boosted Sales 25%
September 14, 2022

Zara-parent and fast fashion giant Inditex reported that its sales in the first half of 2022 were up about 25% year over year and attributed this growth to the new ways in which it’s connecting with consumers.  Get the Full Story Complete the form to...

Retail
Retailers Retool to Attract Deal Seekers as ‘Value’ Takes Center Stage
September 14, 2022

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Investments
SoftBank Could Self-Fund Vision Fund 3 or Ramp up Vision Fund 2
September 14, 2022

Japanese global tech and investment conglomerate SoftBank is said to be weighing the launch of a third Vision Fund or adding money to its Vision Fund 2, which along with its first Vision Fund has been bleeding red. Get the Full Story Complete the form...