News

Investments
B2B Marketplace Cartona Raises $12M for Expansion
July 25, 2022

Cartona, an Egyptian B2B eCommerce marketplace for the fast-moving consumer goods (FMCG) space, has raised $12 million in Series A funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Payment Methods
The Data Point: Declines Dog 24% of Consumers With High Payments Diversification
July 25, 2022

Not content to hit 8.6% in May, the Consumer Price Index (CPI) shifted to up to 9.1% in June, making consumers conflicted enough about inflation and spending even more so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
J.Crew Faces Post-Bankruptcy Style Balancing Act Between Past and Present
July 25, 2022

As the fashion industry continues to try to find its footing in a time when budget-conscious consumers are going out more amid the ebbing pandemic, J.Crew finds itself at a similar crossroads. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
China Merchants Bank Scraps 5-Year FinTech Project With JD
July 25, 2022

After more than five years of working on a FinTech project with Chinese eCommerce marketplace JD.com, commercial lender China Merchants Bank (CMB) has decided not to move forward with the planned direct banking joint venture. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
FinTechs Tune Up Payments to Keep Small Trucking Companies Humming
July 25, 2022

It’s been a tough year for smaller players in the trucking industry, those owner-operators and small fleets who might be operating as few as one or two trucks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Why Retailers Should Worry About Inflation but Dread the Wealth Effect
July 25, 2022

A new survey of U.S. consumers, hot off the presses at PYMNTS, tells a lot about how they’re handling the current economic turmoil and when they think it will end. It’s important information for any business or policymaker trying to navigate through the next couple...

Cross-border Payments
Low-Code ‘Legos’ Help Indian Firms Scale Cross-Border Payments
July 25, 2022

In the push to be part of global commerce, businesses face a range of complexities. As companies seek to have a range of collection and payment options on hand beyond simply accepting cards, they must strive to offer localized choices. Get the Full Story Complete the...

Banking
Credit Suisse Reportedly Weighing More Cost Cuts
July 24, 2022

Zurich-based Credit Suisse is reportedly considering new ways to slash its costs after a poor performance in the last quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Report: Barclays Buying Stake in Crypto Company Copper
July 24, 2022

Barclays is reportedly buying a stake in crypto company Copper, which counts former U.K. Chancellor of the Exchequer Philip Hammond as an investor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...