News

Retail
Despite Higher Prices, UK Quick Service Restaurants See Rising Demand
May 24, 2022

British quick service restaurants (QSR) are raising their prices amid a rising demand as commuters begin returning to their office jobs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
PBOC to Banks: Step Up Loan, Mortgage Approvals  
May 24, 2022

Regulators are telling banks in China to step up loan approvals and keep the flow of mortgages going as the world’s second-largest economy remains on shaky ground due to COVID outbreaks this year, according to media reports on Tuesday (May 24). Get the Full Story...

Delivery
Zomato CEO: ‘The Jury is Still Out’ on Super Apps in India
May 24, 2022

As many food delivery apps aim to leverage their position in consumers’ day-to-day routines to become super apps, offering services across multiple commerce categories, Zomato is keeping its focus on bringing food to consumers’ doors. Get the Full Story Complete the form to unlock this...

Retail
Today in Retail: Auto Parts Retailers Face Challenges as Market Evolves; Firework Raises $150M
May 24, 2022

Today in retail, Walmart drone delivery service expands to six states while electric vehicle companies use digital screens and apps to promote local merchants. Plus, Abercrombie & Fitch faces a year of transition and Best Buy changes its plans and projections after its quarterly earnings...

B2B Payments
65% of B2B Companies Offer Fully Digital eCommerce Capabilities
May 24, 2022

Interest in eCommerce channels and digital B2B payment solutions is rising, and digital-first commerce may soon outstrip in-person sales, along with the check and cash payments that come with them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Delivery
German Delivery Service Gorillas Cuts 300 Jobs
May 24, 2022

German grocery delivery app Gorillas will lay off 300 workers — a move that halves its administrative staff — as the company moves its focus from expansion to becoming profitable, its CEO said. Get the Full Story Complete the form to unlock this article and...

Investments
eCommerce Chatbot Maker Zowie Raises $14M
May 24, 2022

Zowie, maker of an AI (artificial intelligence)-powered chatbot for eCommerce companies, announced Tuesday (May 24) that it had raised $14 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...

Investments
FinTech Gibobs Gets Backing from Global PayTech Ventures
May 24, 2022

Global PayTech Ventures (GPT) recently invested in European FinTech platform Gibobs Allbanks to help users access financial services, according to a company press release Tuesday (May 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Biometrics
Fast, Frictionless Biometric Payments Gaining Ground in Grocery Stores
May 24, 2022

As grocery shoppers who are used to the speed and convenience of online shopping grow frustrated with the time-intensive process of traditional checkout, businesses are finding new ways to remove friction from the payment process. Get the Full Story Complete the form to unlock this...