News

Retail
Klarna Acquires HERO To Enhance Social Shopping
July 12, 2021

Payments and shopping platform Klarna is partnering with social shopping startup HERO to bring retailers a solution to create shoppable content right from their brick-and-mortar location. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Partnerships / Acquisitions
AvidXchange To Buy FastPay For Media Industry Payments
July 12, 2021

Accounts payable (AP) platform AvidXchange is partnering with payments automation firm FastPay to advance services to middle-market media companies. FastPay specializes in payments automation solutions for the media industry. Terms of the deal were not disclosed. Get the Full Story Complete the form to unlock...

Banking
JP Morgan, Goldman Q2 Earnings Will Offer Fresh Insight On Consumer, Business Sentiment And Spending
July 12, 2021

The dog days of summer are here, and with them, earnings season heats up. 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...

IPO
Paytm Seeks To Raise $268M Ahead Of IPO
July 12, 2021

The Indian digital payments firm Paytm hopes to raise $268 million in a funding round as it gets ready to go public later this year, Reuters reported on Monday (July 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
Big Tech Compliance Tracker: Biden Inks Order To Clamp Down On Large Tech Firms; Google...
July 12, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. 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,...

eCommerce
Data Brief: Online-Native Shopping Journeys Up 42 Pct Among Brazilian Consumers
July 12, 2021

Based on surveys of more than 2,000 consumers and 500 merchants in the country, PYMNTS’ Global Digital Shopping Index: Brazil Edition, a Cybersource collaboration, reveals the extent of the digital shift in a smartphone-saturated economy that’s gone decisively digital since 2020. Get the Full Story...

IPO
Parade Of Chinese US IPOs Turns Into A Deluge Of Delays
July 12, 2021

What was once a deluge of public listings for “Big Tech” Chinese companies now is a deluge of delays. This past week has seen a wave of IPOs “pulled” from listing – either official withdrawals or pullbacks from even mulling the idea. Get the Full...

Retail
7-Eleven Franchisee Labor Woes Suggest Wages Are Not Enough To Woo Workers
July 12, 2021

The solution to convenience stores’ labor woes may be more complicated than just raising pay above minimum wage. The National Coalition of Associations of 7-Eleven Franchisees (NCASEF), an umbrella trade association comprised of 41 regions’ franchise owners associations, representing over 7,400 7-Eleven locations overall, released...

Retail
As Gap-Kanye West Pairing Turns One, Slow Pace Of Yeezy Drops Stokes Concerns
July 12, 2021

Never underestimate the power of a blue puffer jacket. That, it seems, is the lesson from the first fashion item dropped into the market care of the Kanye West-Gap collaboration that will see Yeezy bringing its unique eye for design to the once iconic label...