News

Investments
HealthTech Platform MEDZnMORE Secures $11.5M to Scale Drug Authentication
May 13, 2022

Pakistan-based HealthTech platform MEDZnMORE raised $11.5 million in a pre-series A funding round to boost better authenticate medications across the country, Magnitt reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Tesco Tests in-Store Co-Working Space as Grocers Expand to Nonfood Categories
May 13, 2022

Tesco, the United Kingdom’s largest grocery chain, is really stretching the idea of the supermarket. 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,...

Regulation
TechREG Weekly: Global Agencies Call for Stablecoin Regulation as Prices Collapse
May 13, 2022

The price drop in stablecoin TerraUSD and the collapse in its associated cryptocurrency LUNA has triggered a global call for stablecoin regulation. From the U.S. Treasury Secretary to the Securities and Exchange Commission (SEC) or the Bank for International Settlement (BIS), regulators around the world...

Retail
AMZN vs WMT Weekly: Awaiting Insight on Inflation and in-Store Shift
May 13, 2022

If Walmart’s performance during the three-month window from February through April is any indication, then the retailer’s earnings for the corresponding period ought to be very strong when it reports its fiscal first-quarter results Tuesday (May 17) morning. Get the Full Story Complete the form...

Retail
Honest Co. Hopes Retail P’ships With Walmart, Ulta, GNC Will Reverse Sales Slump
May 13, 2022

As its sales slump stretches to a year, The Honest Company is touting ongoing and new partnerships as key to helping it reverse course for its clean lifestyle brand ahead of its fiscal 2022 year-end earnings report in nine months, according to a company press...

Retail
Mytheresa CEO Says Luxury’s Online Shift Growing, Resilient
May 13, 2022

Even when times are tough and budgets are tight, shoppers are willing to splurge if they find an item they think will give them a boost of confidence — and maybe even make other people just a little bit jealous. And these days, you don’t...

Investments
Nigerian FinTech Unicorn Interswitch Raises $110M for Expansion
May 13, 2022

Interswitch, a Nigerian digital payments company that is Africa’s second unicorn, has raised $110 million to help it expand, according to multiple news reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
Security, Seamless Payments Tradeoff Drives Demand for KYB
May 13, 2022

With more work being done and services being provided via the cloud, identity has become increasingly important.  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...

Payment Methods
JPMorgan Sees ‘Cash Flow Magic’ Inside Automated Payments
May 13, 2022

Business packed a decade of learning into two years, and for chief financial officers and treasurers, that knowledge can be distilled thusly: Automated payments are better, whether it’s business-to-consumer (B2C) or business-to-business (B2B). Get the Full Story Complete the form to unlock this article and...