News

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...

International
World Bank Uses Data, Digital Tools to Support Female Entrepreneurs in Emerging Markets
February 16, 2022

“Societies aren’t fully tapping their potential if they’ve got half of the population on the sidelines.” 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...

IPO
Prom, Bridesmaid Dress Retailer Windsor Fashions Eyes IPO
February 15, 2022

Windsor Fashions, which sells occasion wear like prom dresses, is reportedly eyeing an initial public offering (IPO) 85 years after it was originally founded, Bloomberg wrote Tuesday (Feb. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
Treasury Official Tells Senate Hearing Stablecoin Regulation Should be ‘Clear and Consistent’
February 15, 2022

Sen. Sherrod Brown (D-Ohio), chairman of the Senate Committee on Banking, Housing and Urban Affairs, said in a meeting recently that there should be more regulation behind things like stablecoins. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
EMEA Daily: PayU Goes to Romania; Phone Reseller Swappie Raises $124M
February 15, 2022

In today’s top Europe, Middle East, and Africa news, the FinTech firm PayU has introduced credit payments in Romania; Voilà, a Berlin-based app that connects consumers with fine dining at home, closed on a $10 million funding round. Get the Full Story Complete the form...