News

Retail
CarParts.com Reports 90 Pct Rise In Quarterly Sales
March 09, 2021

CarParts.com, Inc., an eCommerce automotive company, reported as part of its financial results that net sales jumped 90 percent year over year in the fourth quarter of 2020, which included an extra week, from the year-ago quarter, according to a press release. Get the Full Story...

International
Tokopedia, Gojek Said To Ink Merger Deal Worth As Much As $40 Billion
March 09, 2021

Gojek and Tokopedia — which have been moving toward a merger — have reportedly inked a conditional sales agreement for a merger. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Acquiring
SoFi Signs $22.3 Million Acquisition Deal For Golden Pacific Bank
March 09, 2021

FinTech startup Social Finance (SoFi) is acquiring Golden Pacific Bancorp (GPB), a community bank in Sacramento, California, for $22.3 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Target To Roll Out ‘Favorite Day’ Food And Beverage Brand
March 09, 2021

In a time when consumers are seeking small ways to escape from a stressful environment, Target is rolling out a grocery brand geared toward indulging and snacking, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Payment Methods
Veem Debuts No-Fee Domestic Payment Product
March 09, 2021

Veem, which works to provide online payments solutions, has rolled out Veem Local, a no-fee domestic payment product with ACH and check payment options for small businesses, a Tuesday (March 9) press release emailed to PYMNTS said. Get the Full Story Complete the form to...

B2B Payments
UK Presses Further Ahead With Open Banking Ambitions
March 09, 2021

More countries around the world are following in the U.K.’s open banking footsteps, but now, the U.K. is ready to forge even further ahead with initiatives designed to spur financial service competition. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
The Merchant Cash Advance Seeks Opportunity In Disruption
March 09, 2021

Business model flexibility became a lifeline for businesses of all kinds amid the pandemic. Whether it be manufacturers switching their product lines to create more PPE, or restaurants embracing carry-out only amid social distancing requirements, quickly adjusting to the new and sudden pressures of the...

Partnerships / Acquisitions
Collaborations Help B2B Payments Avoid Future Shock
March 09, 2021

One of the most effective conduits toward future proofing an organization and creating agile B2B payments is through partnerships. 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...

Payment Methods
Gift Cards Scan Their Way Into The Digital-First Economy
March 09, 2021

There’s no shortage of evidence for the digital shift, especially when it comes to changes in the way consumers are now paying for goods and services. QR codes, installment credit, by now, pay later (BNPL) — all of these and more set the stage for...