Welcome to The Axis, your late look at payments news from around the world. Coverage includes the $2 million pre-series A raise for Singapore’s KOKU. In addition, Citi is rolling out biometric identification for institutional clients in Asia, and Chinese tourists can make payments through...
Big news is in the offing for Walmart, Amazon and other chains that offer grocery ordering online – they have gotten a formal “green light” from the USDA to offer that service to recipients of the Supplemental Nutrition Assistance Program (SNAP). Customers in the program will...
The UnionPay card in China is accepted by more than 80 percent of merchants in the United States, but Chinese customers are increasingly moving toward QR code payment capability. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Luckin, a Chinese coffee startup that aims to dominate rival Starbucks in the Chinese coffee market, has raised $150 million in a Series B-plus fundraising round, according to a report. The fresh capital values the company at $2.9 billion, which is an increase of $700...
Wireless carrier T-Mobile is getting into the banking market, announcing Thursday (April 18) the launch of T-Mobile MONEY nationwide, a no-fee, interest-earning, mobile-first checking account that anyone can open and manage from their smartphone. Get the Full Story Complete the form to unlock this article...
The second time is the charm — that holds true for Neiman Marcus, and the hot retail trend the chain is tapping into (again). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
2019 got off to a bumpy start for Macy’s, as holiday sales slumped when they were expected to soar. “The holiday season began strong – particularly during Black Friday and the following cyber week – but it weakened during the mid-December period, and did not...
Spring has sprung, as March marched to the best showing of monthly retail sales data in a year and a half. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
To help consumers access instruction and encouragement from fitness trainers, digital innovators are building platforms on the subscription business model. Yarden Tadmor’s aim in starting Livekick was to provide convenience, accountability and frequency. As Tadmor told PYMNTS in an interview, part of the convenience factor “is...
