News

Retail
Luxury Resale Is Booming, But Some Luxury Brands Fear Cannibalization
December 09, 2021

Any college-level Business 101 course makes at least a cursory mention of cannibalization, in which companies can inflict unintentional harm as new products edge out existing ones without a net gain, or by selling in cross-channel ways that redirect sales rather than increasing them. Get...

B2B Payments
51% of Firms are Planning to Digitize Payments Within the Next Few Months 
December 09, 2021

Frustrations over delayed payments are on the rise, prompting businesses to upgrade their B2B transactions and other payment processes. In fact, 51% of firms are planning to digitize their payments within the next few months, according to the Next-Gen Digital Payments Report, a PYMNTS and...

IPO
Nubank’s Debut, Grab’s Slump Dominate Year-End Listings as 2021 IPOs Limp to the Finish Line
December 09, 2021

By all accounts 2021 stands as a strong year for equities. 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, PYMNTS Today. By completing...

B2B Payments
Resolve Raises $25M Amid Demand for B2B BNPL
December 09, 2021

The credit billing platform Resolve has raised $25 million in strategic equity funding, money the firm says will help meet the demand of B2B companies looking to embed buy now, pay later (BNPL) tools into their payment workflows. Get the Full Story Complete the form...

B2B Payments
Wise Begins Offering B2B Transfers in Chinese Yuan 
December 09, 2021

The digital money transfer platform Wise says it can now offer B2B transfers in China in the Chinese yuan (CNY) from eight currencies.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Loyalty & Rewards
The Amazon Prime Effect Spreads as More Retailers Convert Free Loyalty to Paid Memberships
December 09, 2021

In recent years, there’s been a collective realization that loyalty programs are generally not engaging or valued enough by consumers to even know they belong — forget using them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

B2B Payments
Visa, Yokoy Collaborate on Virtual B2B Debit Card 
December 09, 2021

The spend management platform Yokoy has collaborated with Visa on a new debit card for businesses for companies operating in Europe.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

IPO
Nubank Goes Public at $41.5B Valuation with LatAm Growth on Horizon 
December 09, 2021

Brazilian FinTech Nubank’s valuation is up to $41.5 billion — higher than the country’s largest bank, Itaú Unibanco — as its initial public offering (IPO) makes its Wall Street debut, according to a Financial Times report Thursday (Dec. 9).  Get the Full Story Complete the...

Retail
Brands Bet Limited-Edition Apparel Can Catch Consumers’ Interest
December 09, 2021

In the coming weeks, many families who have gathered for the holidays will sit down around the table to play board games such as Scrabble and Monopoly — and for some enthusiasts, they may blend in with the pieces. Get the Full Story Complete the...