News

International
MENA cCommerce Platform Zbooni Expands to Egypt
February 16, 2022

Connected commerce platform Zbooni has brought its services to Egypt, where the company said it will provide digital commerce tools to the 33.5 million small- to medium-sized businesses (SMBs) in the North African nation, according to a Wednesday (Feb. 16) press release. Get the Full...

B2B Payments
Today’s CFO Needs to Understand Companies’ Hidden Costs
February 16, 2022

Manual processes in companies’ back-office operations have a lot of hidden costs, James Ritter, chief financial officer (CFO) at ABBYY, told PYMNTS. For example, if staff are working on processes that could be easily automated, they’re not focusing on things that would be of the...

Retail
WHSmith Opens Checkout-Free Store at LaGuardia Airport
February 16, 2022

Retailer WHSmith on Tuesday (Feb. 15) announced in a LinkedIn post that it has opened its first checkout-free store in LaGuardia Airport in New York. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Dept Stores, eCommerce Lead Surprise 3.8% Bounce in January Retail Sales
February 16, 2022

Retail sales posted their biggest gain in 10 months in January, bouncing back 3.8% after a sharp — and revised lower — 2.5% decline in December, according to a Wednesday (Feb. 16) press release from the U.S. Department of Commerce. Get the Full Story Complete...

Retail
Saks Shows up Fashionably Late to Raging TikTok Party
February 16, 2022

Nine months after Nordstrom, 15 months behind Neiman Marcus, and half a decade behind the U.S. debut of TikTok, and Saks — the self-titled “premier luxury eCommerce platform” — has finally arrived at the hippest party in town, at least as far as social commerce...

Retail
Holiday Shoppers, Subscribers Boost Shopify 2021 Q4, Yearly Numbers
February 16, 2022

While many merchants across the U.S. and around the world were disappointed with the results of the unofficial kickoff weekend to the 2021 holiday shopping season, Shopify’s platform topped $6.3 billion in sales from the start of Black Friday in New Zealand through the end...

Regulation
UK Seeks to Block ‘Legal but Harmful’ Content
February 16, 2022

In what could be the world’s toughest rules for social media platforms, two United Kingdom government officials have proposed comprehensive rules that would require tech firms to monitor “legal but harmful” content, The Financial Times reported. Get the Full Story Complete the form to unlock...

Banking
PYMNTS Intelligence: Taking Down Commercial Banking Barriers With APIs
February 16, 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...

Investments
Flutterwave Raises $250M Series D at $3B Valuation
February 16, 2022

Flutterwave, one of the leading technology companies in pan-African payments, closed a $250 million Series D funding round, upping the startup’s value to an estimated $3 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...