News

Retail
JCPenney Gets Extreme Makeover With Assist From Shoppers’ Smartphones
August 04, 2022

Hailing from the dawn of modern retailing, JCPenney (JCP) is reinventing itself as a slimmed-down digital-savvy merchant, connecting with customers by creating seamless journeys and 21st century experiences. That’s meant a makeover for how the storied brand defines engagement. Get the Full Story Complete the...

Social Commerce
Social Commerce Unlocks Growth for Brands, FinTechs in Africa
August 03, 2022

From a socially oriented online phenomenon, Meta-owned platforms, Facebook, Instagram and WhatsApp, have grown to become a critical medium for doing business in emerging markets and the go-to communication tool between businesses and customers. Get the Full Story Complete the form to unlock this article...

Retail
UK High Streets See Renaissance Despite Growing eCommerce Push
August 03, 2022

Besides confirming the findings in PYMNTS’ recent “Global Digital Shopping Index” when it comes to differing payment methods used across Europe, a recent report by Tribe Payments has highlighted differences between the way European retailers perceive the future prospects of in-store shopping depending on where...

Ridesharing
Crime, Fuel Costs Stymie Ride-Hail Drivers’ Profits
August 03, 2022

Carjackings are on the rise in Chicago and that combined with the rise in fuel costs has ride-hailing drivers less enthusiastic about taking to the road. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Revere Partners Invests in Healthcare FinTech FeatherPay
August 03, 2022

Healthcare venture capital fund Revere Partners has invested in FeatherPay, an Atlanta-based healthcare FinTech startup. The amount of the investment was not disclosed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Today in B2B Payments: PayStand Adds Yaydoo in Latam Tech Merger; Bizongo Raises $25M for...
August 03, 2022

Today in B2B payments, embedded finance is seen as the next phase in business payments, Vori expands its grocery store inventory management platform with a $10 million fundraising round and multinational enterprises can leverage blockchain. Get the Full Story Complete the form to unlock this...

Investments
Auxmoney Grabs $500M+ for Increased Peer-to-Peer Lending
August 03, 2022

German digital peer-to-peer lending platform Auxmoney raked in almost $508 million in investor funding that it will use to offer more consumer loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Delivery
Just Eat Writes Down Grubhub Valuation by $3.1B on Order Declines
August 03, 2022

Food delivery giant Just Eat Takeaway wrote down the value of its U.S.-based division Grubhub by 3 billion euros ($3.1 billion) as record-high inflation continues to constrain household budgets and food delivery companies overall take a hit. Get the Full Story Complete the form to unlock this article and...

B2B Payments
Embedded Finance Brings Consumer Convenience to B2B Payments
August 03, 2022

Driven by changing customer preferences, a growing number of companies are adopting embedded finance solutions in both their business-to-business (B2B) and their consumer-facing payment verticals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...