News

International
UK Consumers Face Food Shortages in 2022
December 29, 2021

Next year could bring food supply disruptions and empty grocery store shelves to people in the U.K. thanks to new EU border controls, British food industry officials are warning. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

eCommerce
India’s Unicorns Multiply as ‘House of Brands’ Direct-to-Consumer Concept Takes Wing
December 29, 2021

India abounds in unicorns this year, the newest being New Delhi-based GlobalBees, founded in April and now valued at $1.1 billion after its $110 million Series B fundraise just announced Wednesday (Dec. 29), as the company builds and scales a portfolio of digital-first brands. Get...

Cross-border Payments
Paysend, Tencent Collaborate on Cross-Border Payments
December 29, 2021

Card-to-card and international payments platform Paysend has launched a technology partnership with Tencent Holdings’ FinTech division that will let people receive money over Tencent’s WeChat service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
ProShares Launching Metaverse ETF
December 29, 2021

ProShares applied to the U.S. Securities and Exchange Commission for an exchange-traded fund (ETF) focused on the metaverse on Tuesday (Dec. 28), according to a CoinDesk report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Payment Methods
Central Bank of Ireland: Stores Can’t Refuse Cash Payments
December 29, 2021

The rapid rise in popularity of digital and contactless payments in Ireland has caught the attention of a leading consumer association when some stores reportedly started turning down cash payments from customers, the Independent reported on Wednesday (Dec. 29). Get the Full Story Complete the...

Retail
Why Omnichannel Still Remains More Vision Than Reality for Retail
December 29, 2021

“In stock.” Just two little words, and yet, a huge harbinger of customer joy these days as increasingly savvy digital consumers scour the web to find better prices, faster delivery or simply checking on inventory. Get the Full Story Complete the form to unlock this article...

International
Israeli FinTech PayMe Wants to Tap Into EU “Gold Rush”
December 29, 2021

Israeli FinTech PayMe is planning to expand into the European market, capitalizing on a change in regulations that have led to a “gold rush.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Payment Methods
54% of Small Businesses Would Pay a Fee to Receive Ad Hoc Payments Instantly
December 29, 2021

Small to mid-sized businesses (SMBs) receive roughly 38% of their sales from buyers with whom they work on an irregular, ad hoc basis — once, twice, maybe a few times a year, according to “Fixing Small Business Payments,” a PYMNTS and Ingo Money collaboration. These...

Retail
Retailers Grapple with Costs Tied to Longer Grace Periods for Returns
December 29, 2021

Major U.S. retailers who adopted longer return policies during the ongoing COVID-19 pandemic to entice customers could be paying for those changes — in more ways than one — if holiday shoppers return a record $112 billion in unwanted gifts, Reuters reported Wednesday (Dec. 29). ...