News

Retail
Diesel Jeans Founder Creating Italian Version of French Luxury Conglomerates LVMH, Kering
July 11, 2022

Diesel founder Renzo Rosso told Financial Times he envisions his Italian luxury fashion empire, including sister brands Jil Sander and Marni, as one that’s modeled after — and will compete with — Kering, LVMH and other large, well-known names in the space. Get the Full...

Ridesharing
Uber Files Leak May Push Forward EU Gig Worker Legislation  
July 11, 2022

Uber’s past ghosts are still chasing the company, and the recent revelations exposing how top politicians secretly helped Uber to grow may have consequences beyond reputational damage.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
PYMNTS AM Radar: Airline Probe; Deal Appeal; Crypto Togetherness; Small Grocer Edge; ICYMI 
July 11, 2022

Today is Monday (July 11) and of course, it’s National 7-Eleven Day — how clever to name a brand after a random day. This year is 7-Eleven’s 95th birthday (!) so free Slurpees are on tap just about everywhere — but only through its 7Rewards...

Security & Fraud
AI Helps Banks Protect Small Businesses as They Become More Digital
July 11, 2022

Digitization of small- to medium-sized business (SMB) banking is a double-edged sword. 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...

Retail
As Food Costs Soar, Small Independent Grocers Still Have One Advantage
July 11, 2022

As headwinds ranging from skyrocketing inflation to unprecedented supply chain challenges to a difficult labor market buffet the grocery industry, independents have plenty to be worried about. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Will Walmart+ Members Show Up for Amazon Prime Day?
July 11, 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...

Financial Inclusion
Community Loans Plug Funding Hole for Africa’s Mobile Money Agents
July 11, 2022

Whether it’s offering bill payments, airtime recharge, funds transfer or remittance services to customers, mobile money agents play a pivotal role in providing access to financial services for Africa’s unbanked and underbanked populations. Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Report Alleges Wirecard Forged Client Data to Obtain €900M SoftBank Investment
July 10, 2022

Once-mighty payments giant Wirecard reportedly faked client data and was lying about internal records in order to get a SoftBank investment for €900 million ($913 million), a report from Financial Times (FT) says. Get the Full Story Complete the form to unlock this article and...

B2B Payments
B2B Marketplace TradeIndia Launches Loan Service for MSMEs
July 10, 2022

New Delhi-based B2B marketplace TradeIndia has rolled out TradeIndia Lending (TI Lending), a new loan service for micro-, small- and medium-sized enterprises (MSMEs), according to a Financial Express report Friday (July 8). Get the Full Story Complete the form to unlock this article and enjoy...