News

Partnerships / Acquisitions
Visa Teams With Ascenda For Loyalty Rewards In Asia Pacific
August 24, 2021

Visa is partnering with Singapore-headquartered global loyalty rewards startup Ascenda to advance new programs for customers in the Asia Pacific region. The loyalty program will work through Ascenda’s new Nexus platform.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Mental Health Marketplace MiResources Raises $3M
August 24, 2021

The mental healthcare marketplace MiResource announced on Tuesday (Aug. 24) that it has raised $3 million in seed funding. The company said it would use the funding to expand its platform, which connects patients with mental health providers. Get the Full Story Complete the form...

eCommerce
Chinese eCommerce Giant Pinduoduo Sees 30 Pct Jump In Users
August 24, 2021

The Chinese eCommerce giant Pinduoduo saw a jump in monthly active users and active buyers over the past year, according to the company’s second-quarter financial results. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
South Korea Readies Google And Apple App Store Crackdown
August 24, 2021

New legislation in South Korea could effectively keep Apple and Google from charging commissions on in-app purchases. 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...

Retail
Walmart Bets On Delivery Network In Latest Expansion Of Third-Party Services
August 24, 2021

Just a week after an earnings report that exemplified Walmart’s omnichannel successes, the company is placing a big bet that its delivery network can outshine other last-mile options available to retailers and merchants, including the delivery services of rival Amazon, as it looks for ways...

Retail
Macy’s Play With Toys R Us Could Be Building Blocks To Digital Marketplace
August 24, 2021

While many industry watchers saw Macy’s partnership with Toys R Us as a category expansion that will help the omnichannel retailer bring more customers online and in-store — which it likely will — the collaboration may also be a big first step toward challenging Amazon,...

Retail
Perfect Corp. Pairs With Avon On AR- And AI-Based Sales
August 24, 2021

Beauty tech solutions provider Perfect Corp. on Tuesday (Aug. 24) announced a partnership with Avon México that will integrate augmented reality (AR) and artificial intelligence (AI) through facial analysis technology in its YouCam Makeup app for more personalized consumer shopping experiences. Get the Full Story...

Retail
Best Buy Reports Record Q2 Results, Plans Nationwide Rollout Of Membership Program
August 24, 2021

Best Buy’s domestic online sales dropped more than 28 percent in the second quarter after a 242 percent jump the previous year, but the company on Tuesday (Aug. 24) reported increases in its enterprise revenue, domestic revenue and international revenue. Get the Full Story Complete...

Retail
Urban Outfitters Enters Secondhand Market With Thrift Store App
August 24, 2021

Urban Outfitters Inc. is launching the Nuuly Thrift app for secondhand goods, the company said Tuesday (Aug. 24), initiating an online resale marketplace for clothes customers no longer want. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...