News

Retail
NYC Wrestles With Quick Commerce Firms
February 04, 2022

Last year saw an explosion of quick commerce businesses in New York City, startups pleading to deliver online groceries to customers in as little as 20 minutes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Financial Inclusion
Argentina Central Bank Governor: FinTechs Boost Financial Inclusion
February 04, 2022

In an interview with the Buenos Aires Times on Friday (Feb. 4), Argentina Central Bank Governor Miguel Ángel Pesce applauded FinTechs for serving an underbanked population, but also cautioned that they were not financial institutions. Get the Full Story Complete the form to unlock this...

Regulation
OECD’s Principles Can Guide Governments to Design AI Regulatory Frameworks 
February 04, 2022

Artificial intelligence (AI) is a driving force of innovation due to its rapidly evolving technology, strong cross-domain connectivity, and the growing number of industry applications, Luis Aranda, AI policy analyst at the Organization for Economic Cooperation and Development (OECD), told PYMNTS in an interview. Get the Full...

Regulation
CMA Fines Meta $2M for Violating Initial Enforcement Order
February 04, 2022

The Competition and Markets Authority on Friday (Feb. 4) announced it has fined Meta 1.5 million pounds (more than $2 million) for failing to tell the U.K. regulator about key staff leaving the social media company, a condition of its initial enforcement order. Get the...

Mobile Payments
Gen Z Consumers Love Their Debit Cards…For Now
February 04, 2022

While debit cards might be the preferred in-person payment method for members of Generation Z, don’t expect this trend to last. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Nike Suing Retailer Selling Sneaker NFTs
February 04, 2022

Athletic apparel and equipment maker Nike on Thursday (Feb. 3) sued Detroit-based online sneaker and handbag reseller StockX in New York federal court for selling unauthorized images of Nike shoes, the latest lawsuit related to non-fungible tokens (NFTs), according to a Reuters report. Get the...

Retail
AMZN vs WMT Weekly: Top 2 Retailers Making More of Partnerships
February 04, 2022

There’s something truly remarkable about how a 25% decline in a stock can change investor perspective. 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...

Investments
B2B Payments Platform Flexio Raises $3M
February 04, 2022

Flexio, a B2B payments platform serving companies in Latin America, has raised $3 million in seed funding, the company said in a news release Friday (Feb. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Lego Uses Mall Space to Click With Customers
February 04, 2022

Danish toy maker Lego is using mall space in suburban Washington, D.C., to build its “next-generation” Lego Discovery Center. 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...