News

B2B Payments
Report: Macroeconomic Slowdown Expected to Reduce Payments Growth
October 27, 2022

Macroeconomic headwinds reportedly may begin weighing on the B2B payments sector. 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...

Investments
Money Transfer Firm Wise Lands $347M in Capital
October 27, 2022

British money transfer firm Wise has received $300 million pounds (about $347.1 million) via a syndicated debt facility from the United Kingdom branch of California’s Silicon Valley Bank (SVB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Boost Mobile Targets Underbanked Consumers With OmniMoney
October 27, 2022

Boost Mobile is entering the financial service sector with the launch of OmniMoney, a tool that offers underbanked consumers a free digital money account and debit card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
CloudPay Raises $50M to Meet Integrated Payroll Demand
October 27, 2022

Pay solutions firm CloudPay has raised $50 million in a new round of funding as the London-based company looks to meet a demand for integrated payroll and payment services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Airbase Adds Automated Procurement Features to Spend Management Tool
October 27, 2022

Spend management solution Airbase has added automated procurement features that are designed to support the purchasing processes of mid-market and larger companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Investments
Was VC Andreessen Really Wrong to Go ‘All In’ as Crypto Winter Hit?
October 27, 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...

Europe
Retail Consumer Demand Slows in Europe, MENA Accelerates Omnichannel
October 27, 2022

In the past week, observers of global retail trends have received the latest statistics from Eurostat, which show that retail sales in the EU fell 0.2% in August for a 1.3% year-on-year decline. A more significant decrease was observed in the eurozone, where the figures...

Retail
North Face Parent VF Corp Sees Elevated Inventories and Cautious Spending
October 27, 2022

With an arsenal of a dozen brands and D2C websites, a vast wholesale business and 1,300 of its own physical stores, VF Corporation has a unique purview of the global apparel industry. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
AutoNation Reports New Vehicle Sales at ‘Recessionary Levels’
October 27, 2022

Retail sales of both new and used vehicles remain below historical levels due to inventory constraints, executives of automotive retailer AutoNation reported Thursday (Oct. 27) during the company’s quarterly earnings call. Get the Full Story Complete the form to unlock this article and enjoy unlimited...