In today’s top retail news, retail sales fell 25 percent in Hong Kong in the first 11 months of 2020, while Afterpay reported a 30 percent rise in the average basket size for its customers in the U.S. over the holidays. Plus, a large rise...
It’s been more than four years since India instituted its most recent demonetization policies. We’re a long away from the fall of 2016, when the administration under Prime Minister Narendra Modi announced the economic policy where 500 and 1,000 rupee notes would be demonetized. Get...
Accounts payable (AP) and payments firm AvidXchange has acquired AP software solutions platform Core Associates, to advance payments automation in the construction industry and mid-market businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
With the holidays all over except for the returns, it’s time for the troubled mall sector to face the existential crisis that it avoided thanks to what looks like a decent season in terms of foot traffic, despite the pandemic. Local reports from Houston, Washington,...
As the pandemic repelled high-spending visitors and local shoppers spent less, retail sales in Hong Kong plummeted 25 percent in the first 11 months of 2020, the South China Morning Post reported. Get the Full Story Complete the form to unlock this article and enjoy...
Afterpay said on Monday (Jan. 4) that the average basket size for its customers in the U.S. rose by 30 percent in a comparison of the 2020 and 2019 holiday shopping seasons, according to an announcement. Get the Full Story Complete the form to unlock...
Real-time payments (RTP) are ready for their closeup, and decisions are happening behind the scenes now as banks and financial institutions (FIs) consider their RTP strategy for 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
“It was a year of trepidation and angst,” said Rubana Huq, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), according to recent Dhaka Tribune reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
With online commerce driven to new heights last year, the supply chain and logistics sector was stretched to its maximum. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
