News

News
Today In Payments: Visa Study Finds Most Want Contactless Payments On Public Transit; Robinhood Begins...
July 29, 2021

In today’s top news, Visa’s new study found that commuters want contactless payments on public transit, and Robinhood opened trading with an estimated $31.8 billion valuation. Plus, PayPal’s second-quarter earnings revealed a surge in peer-to-peer (P2P) payments. Get the Full Story Complete the form to...

IPO
Riskified Begins Trading As IPO Values Anti-Fraud Firm At $3.3B
July 29, 2021

Riskified began trading on the New York Stock Exchange (NYSE) on Thursday (July 29), soon after the anti-fraud platform announced the price of its initial public offering (IPO) at $21 per share. The company was trading at approximately $27.60 at around noon Eastern Time. Get...

Digital Banking
Revolut Introduces Payment Corridor For US-Mexico Money Transfers
July 29, 2021

U.K. FinTech Revolut is establishing a payment corridor for the U.S. and Mexico to facilitate the easy movement of funds between the two countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

IPO
India Lifestyle Retailer Nykaa Eyes $4B Valuation In IPO 
July 29, 2021

India-based lifestyle, beauty, wellness and fashion product eCommerce retailer Nykaa is readying an initial public offering (IPO) that could value the nine-year-old company at more than $4 billion, according to a Thursday (July 29) Bloomberg report citing unnamed sources. Get the Full Story Complete the...

Payments Innovation
Next-Gen Payments: A Trend That Is Here To Stay
July 29, 2021

In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In this excerpt, Charlie Youakim, CEO of...

IPO
Robinhood IPO A Referendum On Trading ‘Gamification’
July 29, 2021

Robinhood’s trading debut marks a referendum on the company’s “gamification” niche on Wall Street, or on the platform economy, or initial public offerings (IPOs) in general … Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Albertsons CEO: Our Greatest eCommerce Asset Is The Physical Store
July 29, 2021

As grocery businesses reckon with the tricky relationship between brick-and-mortar and digital channels, Albertsons Companies, parent of 21 grocery brands including its self-titled chain, Safeway, Jewel-Osco and Vons, is centering the physical store. The company announced on Thursday (July 29) that eCommerce sales remained roughly...

Payments Innovation
The Paradox Of Payments Choice
July 29, 2021

In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In this excerpt, Anamika Lasser, chief experience...

Retail
Express Takes Influencers To The Next Level With Social Commerce Program
July 29, 2021

Influencers will be getting an upgraded set of tools from fashion apparel retailer Express through its new Community Commerce program, with the brand latching onto the industry-wide social commerce trend as it charts a path out of the shopping mall that has been its mainstay...