News

Payment Methods
Consumers Use Credit Cards for Fine Dining, Debit for QSR, PYMNTS Data Suggest
March 21, 2022

When it comes to restaurant spending, consumers are opting to use credit cards when they spring for a premium meal but sticking with debit when it comes to smaller-check purchases, according to PYMNTS data. Get the Full Story Complete the form to unlock this article...

Banking
Taliban to Replace Conventional Banking Network With Islamic Banking
March 21, 2022

The Central Bank of Afghanistan will update the south central Asian country’s financial rules, according to Jurist.org. 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...

Retail
Kohl’s Gets ‘Multiple’ Non-Binding Buyout Offers
March 21, 2022

Kohl’s has gotten “multiple” preliminary offers from entities looking to acquire the department store chain, company officials confirmed Monday (March 21), according to a company press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Amsterdam FinTech Recharge.com Expands to Australia
March 21, 2022

London- and Amsterdam-based FinTech Recharge.com has launched in Australia, the company announced Monday (March 21). 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...

Retail
After Shopify Loses 60%+ of Its Worth Since November, Investors Suddenly See Value
March 21, 2022

Canadian eCommerce platform Shopify has been taking investors on quite the roller coaster ride lately, with its stock price dropping from a high of $1,690 in November to just over $510 in mid-March. Get the Full Story Complete the form to unlock this article and...

Retail
Walmart Holds Shrinking Lead in Health and Personal Care as Amazon Momentum Builds
March 21, 2022

From an 8-to-1 market share advantage in 2014, to the present 1.6 percentage point margin at the end of 2021, Amazon’s efforts to chip away at Walmart’s lead in this key category have been notable and continue to pay off. Get the Full Story Complete...

Investments
Startup Bionic Raises $65M in Series B Round
March 21, 2022

Application management platform Bionic has closed a Series B round for $65 million, according to a Monday (March 21) press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Delivery
Instacart Latest to Implement Fuel Charge on Orders to Help Shoppers
March 21, 2022

Instacart, in a bid to help with the rising gas costs, is introducing a temporary fuel surcharge, a company press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
In the Digital World, Community Banks Must Avoid ‘Rocks in Shoes’
March 21, 2022

As the pandemic ebbs, as branches reopen and omnichannel banking becomes the norm, community banks must beware a looming threat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....