News

Retail
Whole Paycheck: Walmart And Amazon Have A Food Fight
February 05, 2021

New research from PYMNTS into seven key retail categories where Amazon and Walmart compete shows the online giant is closing in on its rival’s lead in auto parts, one of the last segments where Walmart still enjoys a lead — other than food, where it...

Retail
PriceSmart Reports 5.2 Pct Rise In January Net Merchandise Sales
February 05, 2021

PriceSmart, Inc. said on Friday (Feb. 5) that net merchandise sales climbed 5.2 percent to reach $267.1 million for the month of January 2021, up from $254 million in January 2020, according to an announcement. Get the Full Story Complete the form to unlock this...

International
PayPal Exiting Competitive Indian Payments Market
February 05, 2021

PayPal operations in India are drawing to a close as the company makes plans to exit the domestic payments market in the country, according to an Economic Times report on Friday (Feb. 5). Get the Full Story Complete the form to unlock this article and...

B2B Payments
Vacasa CFO Talks Modernizing Finance Through Collaboration
February 05, 2021

Though a diligent financial strategy is essential for companies across verticals during times of economic volatility, certain industries have been more exposed to the market fluctuations resulting from the coronavirus crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
B2B Marketplaces Attract New VC Funds
February 05, 2021

2021 continues to be a busy year for B2B FinTechs and their investors, with this week securing nearly $300 million in combined funding for the sector. Newly-funded B2B startups include marketplaces offering a range of services, from funding to talent, as well as technology firms...

Payment Methods
Growth Opportunity: AeroPay Looks To Take The Cash Out of Cannabis
February 05, 2021

Talk about a growth industry. By the end of 2022, the global cannabis industry will have a $22 billion market value, with a jump to $146 billion expected in just three years. It creates an incredible opportunity for payments players looking to add innovation to...

eCommerce
Helping SMBs Fill In The Payments Piece Of The Digital-First Puzzle
February 05, 2021

Millions of eyes will be on the Super Bowl kickoff Sunday. And there may be a kickoff of a different sort that same day, where small businesses, wrestling with the pandemic’s headwinds and challenges, may begin their digital payments journeys. Get the Full Story Complete...

Security & Fraud
Merchants Called To The Offensive In Battle Against Cyberfraud
February 05, 2021

By now, the surge in online shopping and the commensurate rise in cyberfraud over the past year are well-established themes. But what many people don’t know is how the frontline battle in that fight has changed. According to Jason Tan, founder and executive chair at...

Digital Banking
FISPAN: Contextual Business Banking Takes Page From Big Tech
February 05, 2021

The pandemic has created a sense of urgency among corporates and small businesses to digitize, and financial workflows are no exception. Now unable to physically enter offices to cut checks and receive paper invoices, finance leaders have been forced to accelerate modernization efforts in order...