News

Delivery
Ultrafast Grocery Delivery Services Compete Globally for On-Demand Loyalty
November 29, 2021

As the ultrafast grocery delivery space begins to see some consolidation, leading services are starting to expand their reach beyond the grocery category. On Monday (Nov. 29), for instance, Yango Deli, the 15-minute grocery delivery arm of Russian tech giant Yandex, announced the launch of...

Retail
Amazon Proves Logistics Is Key to Increasing Online Sales, Market Share
November 29, 2021

In the jockeying between retailers, not just during the all-important holiday season but well beyond the end of December, the battle of giants usually comes down to Amazon, Target and Walmart. And a strategic weapon, increasingly, can be found in logistics. Get the Full Story...

Delivery
Amazon Doubles Fulfillment Network to Fast-Track Holiday Delivery
November 29, 2021

Amazon is ready to deliver for the holidays after nearly doubling the number of its fulfillment centers to more than 930 facilities across the country, The Wall Street Journal reported on Monday (Nov. 29). Get the Full Story Complete the form to unlock this article...

Regulation
New UK Bill Seeks Crackdown on Data Breaches, Cybertheft From Connected Devices
November 29, 2021

The United Kingdom is seeking to crack down on connected device cybercrime with the introduction of a new law urging manufacturers, importers and wholesalers to make changes to how these devices are made, sold and periodically updated, or face stiff new penalties. Get the Full...

B2B Payments
Kanverse Unveils Insurance Form Automation Tool
November 29, 2021

Automation platform Kanverse has rolled out an artificial intelligence (AI)-powered document processing product for enterprise. 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,...

eCommerce
Flutterwave Marketplace Helps Africa’s Small Businesses Reach New Buyers
November 29, 2021

In a move to scale small and medium-sized business (SMB) growth, Flutterwave, Africa’s leading payments technology company, has announced the launch of its new eCommerce service, Flutterwave Market, an extension of the company’s Flutterwave Store service. Get the Full Story Complete the form to unlock...

International
Tencent Opens WeChat to Alibaba, Other Social Media Rivals 
November 29, 2021

Tencent Holdings Ltd. is opening its WeChat groups and will soon allow Alibaba’s Tmall and Taobao, among other social media rivals, to display their own external shopping site links, marking the slow removal of obstacles between Tencent and its Chinese rivals, Bloomberg reported Monday (Nov....

B2B Payments
Saudi British Bank Unveils Trade Finance Tool
November 29, 2021

Saudi British Bank (SABB) has unveiled a Shariah-complaint supply chain finance tool, billed as the first of its kind in Saudi Arabia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Omicron Variant Fails to Darken Black Friday Selling as Some Restrictions Return
November 29, 2021

Discovered in South Africa on Nov. 25 with the first North American cases appearing in days, the new COVID-19 variant designated as Omicron is living up to its more transmissible reputation — but it’s possible this mutation will be taken in stride by pandemic-hardened consumers....