News

International
India’s Central Bank Starts FinTech Division
January 10, 2022

India’s central bank is setting up a FinTech department to drive innovation, oversee the exchange of cryptocurrencies and develop regulations for the release of its upcoming central bank digital currency (CBDC), according to multiple media reports on Monday (Jan. 10). Get the Full Story Complete...

Regulation
SEC Wants More Transparency From Private Companies
January 10, 2022

The Securities and Exchange Commission (SEC) is working on a plan that would force large private companies to become more transparent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Security & Fraud
Report: Binance Faces Scrutiny as Ponzi Mobile Apps Scam Surfaces
January 10, 2022

Binance, a popular cryptocurrency exchange, is under investigation by Pakistan regulators over a multi-million-dollar Ponzi scheme, Dawn reported Friday (Jan. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

IPO
Digital Payments Startup Pine Labs Files for $500M IPO at Valuation as High as $7B
January 10, 2022

Digital payments startup Pine Labs filed confidentially with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) to raise roughly $500 million at an estimated valuation between $5.5 billion to $7 billion, Bloomberg reported on Monday (Jan. 10). Get the Full Story...

Retail
Marks and Spencer Back on Top in UK Retail Race
January 10, 2022

Marks and Spencer has returned to its perch atop the U.K. retail landscape, in the process pushing its value to more than upstart fast-fashion retailer Boohoo and online rival Asos combined, two years after Boohoo found itself at the top of the heap for what...

Retail
Lululemon Expects Q4 Results to be Hurt by Capacity Constraints, Staff Limitations and Fewer Hours
January 10, 2022

The optimism athletic apparel company lululemon athletica inc. was feeling just a month ago seems to have been left behind with the change to 2022 and the Omicron variant, as the company said Monday (Jan. 10) that it expects to its net revenue to be...

Retail
Retailers Still ‘Aren’t Even Close’ To Being Prepared for Peak Return Season
January 10, 2022

By some estimates, for every four retail orders that go out the front door of a store or warehouse, at least one of them is now likely to get returned through the back door. Get the Full Story Complete the form to unlock this article...

Retail
Yeezy, Gap, Balenciaga Pact Reflects Reality That Designer Partnerships are in Style Right Now
January 10, 2022

As any good cook will tell you, the best dishes often evolve after a few ingredients in an existing recipe are changed. The magic, the thinking goes, lies within the tinkering. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Digital Banking
Digital Banking has Arrived in Turkey With New Regulations
January 10, 2022

New rules that govern digital banks in Turkey went into effect on Jan. 1, Mondaq.com reported. 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...