News

Investments
Nigerian Startup Pastel Raises $5.5M for Small Business Services
August 15, 2022

Pastel, a Nigerian merchant platform and bookkeeping startup formerly known as Sabi Cash, has raised $5.5 million in a seed financing round in addition to the $620,000 in pre-seed funding it raised in 2021. Get the Full Story Complete the form to unlock this article...

eCommerce
Wish Plays up Discovery-Based Shopping in ‘You Wish’ Campaign
August 15, 2022

The re-invention of struggling mobile eCommerce marketplace Wish.com continues as the company is now counting on a new brand campaign to reboot its image and perception with customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Weber Cuts Managers, Keeps Brand Ambassadors, as Sales Drop 20%
August 15, 2022

Grill maker Weber is planning a 10% “reduction of force” in its management staff after reporting a 21% drop in sales Monday (Aug. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
The Data Point: Bundled Banking Beats Multiple Accounts and FIs for 57% of Consumers
August 15, 2022

Choice and optionality are wonderful, but in some cases, consumers prefer dealing with one financial institution (FI) for more of their needs in order to simplify account management. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Faster Payments
Modern Treasury on Turning Challenges Into Benefits With Real-Time Payments
August 15, 2022

Despite well-known fears, businesses that actually use real-time payments experience fraud 25% less often than those companies that use other methods to move money to end user accounts. Modern Treasury’s Chief Growth Officer Rachel Pike tells PYMNTS how implementing real-time payments can maximize cash flow...

Retail
Deal-Seekers Pulling Trigger on Essentials Drove Amazon Prime Day Spending 40%
August 15, 2022

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...

Banking
Banks Must Bundle Up or Lose Customers Who Are Done With Piecemeal Services
August 15, 2022

In banking, simplicity rules, and financial institutions (FIs) must simplify and consolidate what’s on offer to consumers — lest they lose nearly half of their customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

eCommerce
Expecting a Rebound, Germany’s Zalando Won’t Follow eCommerce Trend by Cutting Jobs
August 14, 2022

Zalando, the biggest European online fashion retailer, doesn’t think the current slowdown on internet shopping will last, Financial Times (FT) wrote Sunday (Aug. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
83% of Businesses Say APIs Are Critical to Their Strategies
August 12, 2022

Application programming interfaces (APIs) for payments orchestration can help businesses more easily add new capabilities to their tech stacks. 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...