News

Retail
Apparel And Travel Pack Up For A Comeback
March 05, 2021

It was a little too much to hope that the world would somehow magically revert back to the way things were a year ago when the clock struck 12 on New Year’s and 2021 kicked off. But slowly but surely the year-long COVID-caused hibernation has...

News
Today In Payments: China Curtails Bank Loans; Plaid Launches New Income Verification Tool
March 05, 2021

In today’s top news, Chinese regulators have instructed banks to scale back loan amounts in 2021, and Plaid launched a new income verification tool. Plus, Amazon Alexa can now give users their health data from the fitness tracker Halo. Get the Full Story Complete the...

Delivery
Albertsons Teams With Tortoise For Robotic Grocery Delivery
March 05, 2021

Albertsons, the country’s second-largest grocery store chain, is partnering with automated logistics startup Tortoise to pilot the beta launch of a robotic fleet of Safeway delivery carts in the towns of Tracy and Windsor in Northern California. Albertsons acquired Safeway in a $9.2 billion merger...

News
The Week In Payments: Super Apps, Food’s Future And The Expanding FinServ Frontier
March 05, 2021

Another week in payments ends, and per usual, there’s no shortage of things to discuss as vaccines go out, the road to recovery begins to widen and major players look to position and pivot to prepare for what’s next. It all adds up to a...

Retail
Safeway Enters Autonomous Delivery Space With Remote-Controlled Carts
March 05, 2021

Supermarket chain Safeway will pilot remote-controlled, driverless carts to deliver grocery orders to neighborhood homes, Safeway’s parent company Albertsons Companies announced on Friday (March 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Delivery
Instacart Eyes Direct Listing To Maximize Stock Price
March 05, 2021

Concerned it could lose out by having a traditional initial public offering (IPO), Instacart is mulling the idea of going public through a direct listing, Reuters reported Friday (March 5), citing sources. The San Francisco-based grocery delivery company has yet to make a final decision on its...

International
China Aims For 6 Pct Economic Growth, Big Tech Investments
March 05, 2021

There was talk about making big investments in technology and aiming for 6 percent growth as China’s legislature, the National People’s Congress, met this week in Beijing. The announcements came despite the ongoing worldwide pandemic and warnings from Big Tech that China’s not far behind...

Partnerships / Acquisitions
Mastercard Finalizes Deal For Nets Group’s Account-To-Account Unit
March 05, 2021

Mastercard has finalized its 2.85 billion euro purchase of Nets Group’s account-to-account (A2) division, which includes clearing and settlement, real-time payments and eBilling solutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Mall Owner Washington Prime Caught Between Struggling Tenants, Angry Creditors
March 05, 2021

The owner of 100 shopping malls in more than two dozen states is under pressure following multiple news reports that Washington Prime Group (WPG) is set to file for bankruptcy protection. The reports not only cut WPG’s already beleaguered share price in half, but also extended a...