News

International
Ant Group to Differentiate Between Borrowing From Company, Outside Lenders
November 24, 2021

Ant Group has begun telling customers whether they’re borrowing from the company or from an outside lender, as founder Jack Ma continues his attempts to follow Chinese regulations, according to a Wall Street Journal (WSJ) report Wednesday (Nov. 24). Get the Full Story Complete the...

International
Wish Pursues Legal Action Over Being Removed From French Search Engines
November 24, 2021

eCommerce marketplace Wish is suing the French government after the government ordered that Wish be removed from online platforms and search engines over product safety concerns, per a Tech Times report Wednesday (Nov. 24). Get the Full Story Complete the form to unlock this article...

Bitcoin
Bitcoin Daily: Bitcoin Sees Price Spike Above $57,000 for a Brief Period
November 24, 2021

Bitcoin has continued a trend of surprising price spikes, passing $57,400 for a brief time on Wednesday (Nov. 24), a report from Cointelgraph says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

IPO
Gearing up for IPO, MOD Pizza Looks to Voice Commerce, Data Analytics
November 24, 2021

Pizza chains, which typically relied heavily on off-premise sales even before quarantine, have been at the forefront of the restaurant industry’s digital shift. Now, Seattle-based fast-casual chain MOD Pizza, which has hundreds of locations across 29 states, is looking to parlay the learnings of the...

Retail
AMZN vs WMT Weekly: Amazon Finally Matches Walmart for Consumer Retail Sales
November 24, 2021

Though both Amazon and Walmart began their holiday promotions weeks ago, the two largest retailers in the U.S. are still counting on the days between Black Friday and Christmas to bolster fourth quarter, with Amazon likely hoping the holiday season can help it take the...

Retail
Today in Retail: Gap Leans on Portfolio of Brands; Afterpay Set to Launch Subscription Service
November 24, 2021

In today’s top retail news, Gap says supply chain issues will likely persist into early next year, while Afterpay is preparing to launch a subscription service for recurring purchases in early 2022. Also, Best Buy is adding to its selection of outdoor furniture with the...

Investments
UK Investing App Freetrade Surpasses Fundraising Goal By 800% in First Day of Crowdfunding
November 24, 2021

U.K. investing app Freetrade exceeded its fundraising goal by more than 800% in its first of seven days of fundraising on crowdfunding platform Crowdcube, pulling in more than 8.1 million pounds ($10.8 million), according to Freetrade’s investment page. More than 6,100 investors have contributed investments,...

B2B Payments
57% of Business Buyers Are Making More Purchases on eCommerce Sites 
November 24, 2021

B2B sellers have not traditionally paid much attention to streamlining their eCommerce experiences because most corporate buyers seemed comfortable with traditional — albeit lengthier — processes in which they placed orders, waited for invoices in the mail, and then wrote and mailed back paper checks...

IPO
Paytm’s October Metrics Might Give Legs to Bounce Back From Busted IPO 
November 24, 2021

Paytm’s journey back from busted initial public offering (IPO) status may be more a marathon than sprint. 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...