News

Retail
Five Below Unveils Threefold Growth Plan
March 30, 2022

Five Below will triple its store count over the next eight years, the kid-friendly discount chain said during its Investors Day presentation Wednesday (March 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

IPO
Brazil FinTech Cerc Prepares IPO to Raise $100M
March 30, 2022

Cerc, the Brazilian exchange receivables firm, is raising $100 million as the FinTech prepares an initial public offering (IPO), Reuters reported Tuesday (March 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
Lululemon Serves up Tennis and Golf Gear in Head-to-Head Match vs Nike and Adidas
March 30, 2022

If you haven’t dropped in on Lululemon’s website lately, you might be in for a surprise. 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...

B2B Payments
Digital Payments Speed the Movement of Cargo
March 30, 2022

Supply chain disruptions aren’t the only reasons for cargo delay. Another problem is that cargo is sitting in holding for up to three days, awaiting traditional payment methods at a time when it could be released the same day with digital payments.  Get the Full...

Fintech Investments
Early-Stage FinTech, Crypto Investments Key to New Financial Ecosystem in Emerging Markets
March 30, 2022

Due to currency volatility and infrastructure issues, the use of virtual currencies in emerging markets has boomed in recent years. In 2020, Nigeria was ranked third globally in terms of countries with the highest bitcoin trading volumes — generating transactions worth more than $400 million...

eCommerce
DP World Launches B2B Platform in Tanzania
March 29, 2022

DP World has announced the rollout of Dubuy.com, its wholesale eCommerce platform, in Tanzania, a report from New Business Ethiopia said Tuesday (March 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Security & Fraud
‘Axie Infinity’ Game Hacked for $540M in Crypto
March 29, 2022

Sky Mavis, a crypto startup operating the popular “Axie Infinity” game, said hackers had stolen over $600 million worth in cryptocurrency, The Wall Street Journal reported Tuesday (March 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
Italy’s Central Bank Bans Online Bank N26 From New Clients, New Products Over AML Risks
March 29, 2022

The Bank of Italy has banned the local unit of online German bank N26 from signing up new customers, due to checks late last year that flagged money laundering risks, Reuters wrote Tuesday (March 29). Get the Full Story Complete the form to unlock this...

Regulation
CFPB’s Chopra Proposes Structural Remedies for Repeat Offenders
March 29, 2022

In a speech at the University of Pennsylvania Monday (March 28), Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra urged regulators and enforcers, including the CFPB, to step up their game against repeat offenders — and in particular, against large financial institutions. Get the Full...