News

International
EMEA Daily: UK FinTech Thought Machine Hits $1B Valuation; Flutterwave Launches New Marketplace
November 29, 2021

In today’s top Europe, Middle East and Africa (EMEA) news, U.K. FinTech startup Thought Machine raises $200 million at a $1 billion valuation; Flutterwave launches new a marketplace; the U.K.’s Financial Conduct Authority (FCA) proposes changes to European Union regulation; inflation and the pandemic harm...

Retail
Amazon Invites Sainsbury Shoppers to ‘Just Walk Out’
November 29, 2021

Amazon and the U.K. grocery chain Sainsbury’s have collaborated to offer consumers checkout-free shopping at a London supermarket. 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...

Retail
Today in Retail: Black Friday Shoppers Flock to Amazon; Online Shopping Critical for COVID-Weary Retailers
November 29, 2021

In today’s top retail news, Cyber Monday deals are few and far between as retailers spread their holiday promotions across several weeks, while PYMNTS data show that over two-thirds of Black Friday shoppers made online purchases at Amazon. Also, a new coronavirus variant is the...

Bitcoin
Bitcoin Daily: CoinDCX Plans to Go Public; Russia Reports $5B in Crypto Transactions Per Year;...
November 29, 2021

CoinDCX, the first Indian cryptocurrency unicorn, will be pursuing an initial public offering (IPO) when allowed to by government regulators, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
EKA Solutions Launches SMB Financial Services Subsidiary
November 29, 2021

Cloud-based freight management platform EKA Solutions Inc. on Monday (Nov. 29) debuted a wholly owned subsidiary focused on providing working capital financial services to small and medium-sized business (SMB) carriers, brokers and shippers starting in January, according to a Yahoo Finance report. Get the Full...

Payments Innovation
FCA Proposes Changes That Remove ‘Barriers’ to Growth And Innovation in UK Payments
November 29, 2021

In its 2020-21 business plan, the U.K.’s Financial Conduct Authority (FCA) announced that the payments sector would be one of its key priorities for the next three years to ensure that consumers make payments safely, that consumers and small and medium-sized businesses (SMBs) have access...

Retail
After 16 Years, Does Cyber Monday Even Make Sense Anymore?
November 29, 2021

When the National Retail Federation unveiled the “Cyber Monday” concept to the world in 2005, it was a well-intentioned retail strategy designed to not only draw attention to the then-nascent world of eCommerce, but to delineate it from its better-known in-store ancestor, Black Friday. Get...

Retail
Cyber Monday Shoppers Find Fewer Online Deals
November 29, 2021

U.S. retailers are bracing for a slower sales pace on Cyber Monday, in large part because shoppers are finding fewer and smaller discounts and limited selections because of continuing global supply chain snags, according to a Reuters report on Monday (Nov. 29). Get the Full...

B2B Payments
67% of B2B Buyers Have Switched to Vendors With ‘More Consumer-Like’ Experiences
November 29, 2021

B2B buyers are bringing some of the habits they’ve picked up as consumers into their work life too, particularly when it comes to shopping and purchasing items online. Just as they now turn to digital channels first and foremost to make convenient routine purchases as...