News

B2B Payments
56% of US Businesses Think Easier Cross-Border Payments Would Improve Cash Management
February 11, 2022

Payments innovations such as real-time payments, accounts receivable (AR) and accounts payable (AP) automation and virtual cards can enhance many aspects of businesses’ cross-border payments processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
French Startup BNPL Firm Alma Raises $239M in Series C
February 11, 2022

French buy now, pay later (BNPL) startup Alma is preparing to expand across Europe after wrapping up a 210 million euro ($239 million) Series C funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Regulator: China Commercial Banks’ Bad Loan Ratio Drops
February 11, 2022

The ratio of bad loans originated from China’s commercial banks fell 0.02 basis points to 1.73% at end of December compared to the percentage from three months earlier, according to a statement on the China Banking and Insurance Regulatory Commission’s (CBIRC) website Friday (Feb. 11)....

Regulation
US Must Learn From Europe in Privacy, AI Regulation, Says Policy Expert
February 11, 2022

The rise of digital technologies has improved the world in untold ways. But there has been at least one casualty: privacy. 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...

Digital Banking
UAE Approves New Digital Bank Wio
February 11, 2022

The Central Bank of the United Arab Emirates has given the green light to a new digital banking platform backed by state holding company ADQ. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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....