News

International
New Zealand Starts B2G eInvoicing Program
March 02, 2022

New Zealand is making strides toward mandatory eInvoicing services, according to an Open Gov report Wednesday (March 2). 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...

International
Rich Russians Turn to High-End Jewelry, Watches to Preserve Wealth
March 02, 2022

The Russian wealthy class, attempting to avoid the plummeting value of the ruble, are buying luxury jewelry and watches to retain the value of their savings, Bloomberg wrote Wednesday (March 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
Russian Consumers Not Panicked by Sanctions, Report Says
March 02, 2022

Day after a number of countries imposed harsh sanctions on Russia over its invasion of Ukraine, consumers in that country are more resigned than anything else, Bloomberg News reported Wednesday (March 2). Get the Full Story Complete the form to unlock this article and enjoy...

Banking
Wells Fargo, Brand Exec Retooling Bank’s Image to Part Ways
March 02, 2022

Wells Fargo will be replacing Barri Rafferty, who was the point person for rehabilitating the bank’s image, The Wall Street Journal reported Wednesday (March 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
Today in FinTech: RapiCredit Eyes Brazil; Crypto Not on Deck at LendingClub; M&T Bank Wants...
March 02, 2022

In today’s FinTech news, Colombian short-term lender RapiCredit is looking to grow across Brazil and the Caribbean, while the LendingClub puts crypto on the backburner to tackle more traditional growth. M&T Bank wants to make digital banks accountable to the same regulations other financial institutions...

International
EMEA Daily: China Will Sit Out Russia Sanctions; UK Regulator Bans Crypto Floki Inu Ad
March 02, 2022

In today’s top Europe, Middle East and Africa news, count China out of joining the West’s sanctions against Russia for its war on Ukraine, and the U.K.’s advertising regulator has pulled an ad by crypto company Floki Inu for an alleged breach of advertising standards....

Investments
Fanatics Valued at $27B After $1.5B Investment Round
March 02, 2022

Sportswear retailer Fanatics has closed a $1.5 billion investment round that values the company at $27 billion, The Wall Street Journal (WSJ) reported Wednesday (March 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

eCommerce
First-Party Fulfillment Enables Positive Unit Economics for eGrocer
March 02, 2022

When it comes to online grocery, consumers have a wide range of options. They can order digitally from most leading brick-and-mortar grocers, order from a next-day digitally native online grocer or shop from one of the emerging ultrafast eGrocers promising delivery within 15 minutes, among...

Banking
Citigroup Launches Three-Phase Plan to Overhaul Operations and Returns
March 02, 2022

Citigroup executives Wednesday (March 2) unveiled a three-phase plan they say will streamline the banking conglomerate’s operations and improve return rates for customers, according to a Barron’s report that added investors seemed leery about the pace of the proposed changes. Get the Full Story Complete...