Walmart has reportedly talked about selling three brands that it recently acquired to appeal to younger shoppers, all of which are unprofitable, according to Reuters. The retail giant bought Bonobos and ModCloth in 2017 and plus-size brand Eloquii in 2018 in a bid to compete...
French startup Joko announced that it has raised €1.6 million from investors including Partech, Axeleo Capital, Lafayette Plug and Play and others to further develop its loyalty program integrated into credit or debit cards. Get the Full Story Complete the form to unlock this article...
Digital challenger banking startup Airfox has announced a partnership with Mastercard Brazil to expand the availability of low-cost banking solutions, according to a release by the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Department of Justice (DoJ) is inching closer to approving a merger between the No. 3 and No. 4 telecom companies, T-Mobile and Sprint, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
China is going to promote cross-border eCommerce in additional cities as an initiative to stabilize trade in the country, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Among the more interesting storylines of this era of digital commerce and payments is the maturation of vending machines — sorry, “unattended retail.” And now that story involves Champagne (along with similar beverages that are Champagne-like but not technically Champagne). Get the Full Story Complete...
Alipay will soon add beauty filters to its facial-recognition payment systems all across China, according to reports. 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 to our...
To invest in companies within “key high-growth industries,” Sony is homing in on the world of investments in upstarts. The company has the goal of raising approximately $185 million or 20 billion JPY in a new tech startup fund, according to reports. Get the Full...
Walmart’s eCommerce division is projecting losses of $1 billion in its bid to catch up with Amazon, which is causing tensions between the leader of the division and Walmart U.S. CEO Greg Foran, according to reports. Get the Full Story Complete the form to unlock...
