News

eCommerce
eCommerce Leasing Company Katapult Joins Adobe Exchange Program
October 11, 2021

eCommerce leasing company Katapult has become an Accelerate partner in the Adobe Exchange Program, according to a Monday (Oct. 11) press release.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
Thai Digital Payments Quadruple From Pre-COVID-19 
October 11, 2021

Digital payments across Thailand are four times as frequent as they were before the COVID-19 pandemic, as the country’s infection rate is increasing the need for online services, the central bank told Reuters in report on Monday (Oct. 11).  Get the Full Story Complete the...

Investments
EarnWealth Grabs $500K in Pre-Series Funding
October 11, 2021

Social commerce FinTech startup EarnWealth recently raised Rs 3.5 crore ($500,000) in Pre-Series A funding at a valuation of Rs 50 crore (more than $6.6 million), according to a YourStory report on Monday (Oct. 11). Get the Full Story Complete the form to unlock this...

Investments
Tiger Global Leads $15M Funding in Nigerian Open Banking Startup Mono
October 11, 2021

Open banking startup Mono raised $15 million led by Tiger Global, with participation from existing investors Entree Capital, Lateral Capital, GPIC, Acuity VC and Ingressive Capital, and new backers Target Global, General Catalyst and SBI Investment. Get the Full Story Complete the form to unlock...

Retail
Walmart Partners With Netflix on New Product Lines
October 11, 2021

Walmart and Netflix are joining forces to bring products celebrating some of the streaming service’s most popular kids’ shows to store shelves across the country in a partnership they’re calling the Netflix Hub, according to an announcement on Monday (Oct. 11). Get the Full Story...

Retail
Rising Cotton Prices Intensify Headwinds for Apparel Brands
October 11, 2021

Cotton prices have hit a 10-year high, adding to the myriad issues facing apparel brands as they try to navigate increased transit times, factory shutdowns and other rising costs across the supply chain ahead of the holiday season, along with preparations for spring merchandise production....

Retail
Separation of Store, eCommerce Operations Draws Increasing Interest
October 11, 2021

Decades ago, when consumers had only one way to shop — in store — retailers were able to focus all their efforts on optimizing that experience. But as eCommerce has risen and accelerated, brands have had their attentions divided between digital and physical, with online...

Retail
Conversational Commerce May Be ‘Significant Portion’ of eCommerce Purchases Within Next Decade
October 11, 2021

As eCommerce continues to accelerate and communication becomes increasingly digital, some retail industry experts expect consumers and brands to begin texting and messaging with each other on a regular basis, leading to the rise of “conversational commerce,” or making purchases without leaving a messaging platform....

Retail
ASOS Chief Executive Exits in Leadership Shakeup
October 11, 2021

British online retailer ASOS on Monday (Oct. 11) said goodbye to CEO Nick Beighton ahead of what’s expected to be a tumultuous period for the company amid supply chain bottlenecks and a return to pre-pandemic shopping habits that could take a 40% bite out of...