News

Banking
Bank Deposits to See 80-Year Decline as Consumers Move Cash Stockpiles
April 11, 2022

U.S. banks might see deposits decrease for the first time in several decades, The Wall Street Journal wrote Sunday (April 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Target Tests Secondhand Market With ThredUp Partnership
April 10, 2022

Target is reportedly getting into secondhand sales again with a new deal with resale company ThredUp, CNBC writes. 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...

Investments
Nigerian FinTech ImaliPay Raises $3M in Seed Round to Bring Financial Services to Gig Workers
April 10, 2022

FinTech startup pioneer ImaliPay has closed a seed funding round for $3 million, IBS Intelligence wrote Friday (April 8). 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...

Retail
Today in Retail: Klarna and About You Partner on EU eCommerce Payment Option; Shopify and...
April 08, 2022

In today’s retail news, buy now, pay later (BNPL) payments provider Klarna has teamed up with About You to provide German and Swiss shoppers with a BNPL payment option. Plus, Shopify and Strike are partnering to bring bitcoin payments to global merchants. Get the Full...

International
FinTech Ukraine Weekly: Telecoms Cut Roaming Charges for Ukrainians; Amex Rewards Members Can Donate Points
April 08, 2022

This week in the FinTech Ukraine: European telecom companies have agreed to cut roaming charges on Ukrainians, and American Express is allowing U.S. card members enrolled in the Membership Rewards to put their points toward a Ukrainian relief donation. Get the Full Story Complete the...

B2B Payments
Today in B2B Payments: KredX, ICICI Bank to Debut Commercial Card; Axis Bank, ADB Start...
April 08, 2022

In today’s B2B payments news, KredX and ICICI Bank partner to launch a cash back commercial card. Plus, Axis Bank and ADB work on a supply chain financing program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
EMEA Weekly: Kenyan Mobile Service Providers Join Payments Network; Zilch, Experian Partner on Customer Affordability
April 08, 2022

In this week’s top Europe, Middle East and Africa news, cell phone operators in Kenya are joining a central bank initiative to integrate the nation’s payment systems; London-based Zilch has partnered with Experian to exchange reporting of payment plan data. Get the Full Story Complete...

International
Egyptian FinTech Lucky Eyes MENA Following $25M Funding Round
April 08, 2022

Nearly three weeks after Lucky, an Egyptian cash back rewards app, closed a $25 million fundraising round, the startup is planning to lead the sector in the Middle East and Africa (MENA), DistruptAfrica.com reported Friday (April 8). Get the Full Story Complete the form to...

eCommerce
Nigeria’s Omnibiz Signs Deals With Coke, Nestle
April 08, 2022

Nigeria’s largest consumer goods purveyors have inked an agreement with eCommerce platform Omnibiz designed to increase sales and cut costs after the COVID lockdowns and smartphone use triggered an eCommerce boom. Get the Full Story Complete the form to unlock this article and enjoy unlimited...