News

Retail
Grocery Roundup: Ocado Sees First-Ever Sales Decline; Food Industry Celebrates SNAP EBT Increase
August 19, 2021

For the first time in its history, United Kingdom-based eGrocery company Ocado is seeing sales fall. Sales dropped 0.7 percent year over year for the 12 weeks ending Aug. 8, data analytics company Kantar reported Tuesday (Aug .17), the first downturn for the company. Get...

International
China’s Big Tech Crackdown Could Chill Innovation  
August 19, 2021

China is clearly trying to hobble its leading global superstars. This is happening even though it has some skin in the game, so to speak, in taking some of the profits, as the government takes stakes in those same firms. Get the Full Story Complete...

International
PayNearby Teams With Visa, RBL Bank To Launch SoftPoS, mPOS In India
August 19, 2021

India’s 30 million-plus MSMEs (micro, small and medium enterprises) now have access to an all-inclusive digital payment hub, minimizing the effect of poor infrastructure on merchants’ digital payment adoption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Digital Banking
Today In Digital Banking: Revolut Payday Speeds Wage Access; CloudPay And One Grab New Funds
August 19, 2021

Today in digital banking, CloudPay grabs $58 million in a fundraising round. Plus, Revolut Payday gives employees early access to their wages, and One rakes in $40 million in Series B funding. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
B2B Payments Today: Smart Treasuries’ Customer Focus; Praetura Discusses Invoice Finance
August 19, 2021

Today in B2B payments, smart treasuries focus on customer success, and Praetura discusses invoice finance and late B2B payments. Plus, ANNA collaborates with Currencycloud, Yahoo Small Business adds new partners and Invoier secures new funding. Get the Full Story Complete the form to unlock this...

International
Today In Payments Around The World: Klarna Might Consider IPO As Soon As 2022; ANNA...
August 19, 2021

Today in payments around the world, Klarna will wait until at least 2022 for an IPO. Plus, Facebook’s digital wallet Novi is “ready to come to market” and ANNA and Currencycloud are partnering to help small and medium-sized businesses. Get the Full Story Complete the...

Retail
SpartanNash Overhauls Supply Chain In Push To Return To 2018 Profitability  
August 19, 2021

Amid widespread ingredient shortages, rising food costs and disruptions, grocery distributor and retailer SpartanNash is rethinking its entire supply chain. The company’s President and CEO Tony Sarsam told analysts on a call on Thursday (Aug. 19) discussing Q2 earnings that the company is making major...

Retail
Just Eat Takeaway.com Rolls Out Pre-Paid Card For Meal Expenses
August 19, 2021

Global delivery giant Just Eat Takeaway.com is launching a debit card to make it easier for employees to cover meal expenses offline or online without filling out reports.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payment Methods
Facebook’s Novi Inches Toward Market Launch But Challenges Loom
August 19, 2021

Not with a bang but, perhaps, with a whimper. 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 this form,...