News

B2B Payments
Global Payments Looks to Sell Netspend
February 11, 2022

For the second time in as many years, payments processor Global Payments is seeking a buyer for Netspend, its prepaid debit card unit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Delivery
Delivery Aggregator Losses Point to Economic Value of Platform Model
February 11, 2022

As food delivery services in the United States and abroad struggle to make the model work, Uber stands out at as a rare success story, at least for now. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Under Armour’s D2C Business Sees Shift From Web to Stores
February 11, 2022

Athletic footwear and apparel maker Under Armour said Friday (Feb 11) that its direct-to-consumer (D2C) revenues rose 10% in the fourth quarter, as consumers went back to shopping in-stores again compared to widespread closures a year ago. Get the Full Story Complete the form to...

Retail
Selfridges’ New Thai Owner Central Retail Announces Additional $3B Retail Spending Plan
February 11, 2022

Thailand department store operator Central Retail, the retail subsidiary of Central Group, announced it will spend $3 billion on store network expansion and refurbishment as well as implementing new technology in its three geographic markets, a report in The Business of Fashion said Friday (Feb....

Retail
Callaway Is Now ‘Tech-Enabled Golf, Lifestyle Apparel and Entertainment Company’
February 11, 2022

Callaway Golf Company President and CEO Chip Brewer called 2021 a “pivotal year” for his company, marked not only by the acquisition of Topgolf in the first quarter of the year, but also a complete transformation of how it does business and where it focuses,...

Retail
AMZN vs WMT Weekly: Waiting on Earnings, Betting on Health
February 11, 2022

By this time next week, Walmart’s critical Q4 results will be in the books and fresh strategic plans will presumably be underway as to how it intends to keep customers engaged and coming back to its stores and website, rather than spending their money at...

Regulation
EU Media Regulators Seek Rules to End Misinformation on Spotify
February 11, 2022

Media regulators in the European Union (EU) are considering rules designed to end misinformation on Spotify, according to a report in Politico Thursday (Feb. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Faster Payments
European Commission Promises to Legislate Instant Payments by Mid-Year
February 11, 2022

The European Commission has pledged to accelerate instant payments across the European Union (EU). 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...

Latin America
Clip On How Payments Players Can Capture Digital-First Businesses, Consumer Loyalty in Mexico
February 11, 2022

Mexican consumers are using their mobile devices to purchase everything from groceries to movie tickets, leading merchants to reassess their payment offerings. In the latest Digitizing Payments In Latin America Playbook, Clip’s Mariano Carranza explains how merchants’ ability to offer payment tools such as mobile...