News

Banking
Data Brief: 60% of Consumers With 4 or More Cards Say Bundled Banking Simplifies
August 19, 2022

Over the past 10 years or so as FinTechs came to dominate payments innovation disintermediation was the ticket, breaking out individual banking functions and building financial products with a singular focus. Now, it’s getting too cluttered for many consumers. Get the Full Story Complete the...

Banking
Standard Bank Looks to Expand Amid Rising Competition in South Africa
August 19, 2022

South Africa’s largest lender wants to use its position to expand its business banking services amid increasing competition. 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...

Fintech Investments
Report: Singapore FinTech FinAccel Aims to Raise $100M
August 19, 2022

Singaporean FinTech FinAccel reportedly aims to raise $100 million at a $1.5 billion valuation.  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...

B2B Payments
Nigerian B2B eCommerce Firm Omnibiz Raises $15M, Plans to Expand
August 19, 2022

Nigerian B2B eCommerce company Omnibiz has raised $15 million in a pre-Series A funding round and said it plans to expand further in the region. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

eCommerce
Wayfair Clips 5% of Global Workforce After Growth Sputters
August 19, 2022

A pandemic surge in growth that unexpectedly sputtered post-COVID prompted online home goods retailer Wayfair to lay off 5% of its global staff, affecting 870 employees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Footlocker’s CEO Pick Reflects Retail’s Shift to D2C
August 19, 2022

When your consumers skew digital and your major vendors go direct to consumer (D2C), the store and mall formats that have worked in the past are no longer enough. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Payments Startup BlueTape Raises $55M for Construction Industry SMBs
August 19, 2022

A payments and financing startup specializing in the construction industry closed $50 million in debt funding and $5 million in seed capital to assist small and medium-sized businesses (SMBs) in the sector pay for building materials. Get the Full Story Complete the form to unlock...

Retail
Amazon vs Walmart Weekly: Bring on the Season of Deals
August 19, 2022

When Walmart CEO Doug McMillon told investors “we’re building a different business” this week, the part he left off was that the business is going to look a lot more like its arch-rival Amazon. Get the Full Story Complete the form to unlock this article...

Retail
Kroger Adds Belted Self-Checkout as Grocers Put Shoppers in Control
August 19, 2022

Kroger, the United States’ leading pure-play grocer, is trying out a new self-service option at 20 stores in the Cincinnati, Ohio, area. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...