News

Retail
Luxury Goods Sales Returning To Pre-COVID Levels, Bain Says
May 17, 2021

Sales of luxury goods could rebound from the effects of the coronavirus as early as this year, thanks to shoppers in the U.S. and China, according to a new report from the consultancy Bain & Company. Get the Full Story Complete the form to unlock...

Retail
Purple Reports Surging D2C, Wholesale Revenue Amid Strong Demand Early In 2021
May 17, 2021

Digitally native mattress company Purple Innovation posted a 54.8 percent surge in direct-to-consumer (D2C) revenue and a 47.6 percent surge in wholesale revenue from Q1 2020 to Q1 2021 as the mattress brand saw formidable demand at the start of 2021. Get the Full Story Complete...

News
Gig Apps Apply For — And Get — New Chart Positions In Latest Provider Ranking
May 17, 2021

Did you know that the word “gig” in its original form had zero to do with working? 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...

B2B Payments
Blockchain Finds A Space In Industrial Procure-To-Pay
May 17, 2021

The oil and gas industry has had a difficult past few days amid supply chain disruptions stemming from the ransomware attack on the Colonial Pipeline. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Corporate Ransomware Rears Its Ugly Head Once Again
May 17, 2021

Ransomware is once again top-of-mind for corporate finance leads in the wake of the Colonial Pipeline attack. 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...

B2B Payments
Accounts Receivable Takes The Lead On Faster B2B Payments
May 17, 2021

Accounts receivable (AR) is difficult enough for large enterprises managing thousands of invoices and customer relationships. But with the pressure to digitize intensifying, these AR departments are now facing new pressures beyond merely managing a massive workload. Get the Full Story Complete the form to...

Partnerships / Acquisitions
Gojek Tokopedia Deal Takes On Grab For SuperApp Status
May 17, 2021

Gojek finalized its acquisition of Tokopedia to form GoTo Group, Indonesia’s biggest technology group. Aside from ride-hailing and food delivery, the combined entity will also offer eCommerce and financial services under the new brand GoTo Financial, which encompasses GoPay and other merchant and financial services....

eCommerce
Jumia On Africa’s Great eCommerce Shift — Toward ‘Everyday Items’
May 17, 2021

In Africa, the pandemic has spurred consumers to make the move to online platforms, and as part of that move, transact digitally with their devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Financial Inclusion
Atlanta Fed Forms New Committee To Advance Safe, Efficient And Inclusive Payments
May 16, 2021

The Federal Reserve Bank of Atlanta has formed a new special committee to look into ways for those reliant on cash to become more integrated into a digital economy, a press release says. Get the Full Story Complete the form to unlock this article and...