News

Retail
Kroger Risks Losing The Digital Grocery Race
April 23, 2019

The world of groceries in the U.S. is a tough market – and getting tougher.  And while the clash of the titans that is Amazon and Walmart’s battle for the consumer’s whole paycheck tends to draw mass interest, particularly when the fight gets to groceries, it...

Digital Banking
Revolut Refines Its Culture As It Seeks Expansion
April 23, 2019

Revolut is making some changes to its business practices and company culture as the company aims to move from a startup to a global bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Global Payments
Viva Air To Tap Into Mobile Payments; Bookme Closes Pre-Series A Funding Round
April 22, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes CellPoint Mobile’s plans to enable mobile payments for Viva Air, which has destinations in places such as Peru and Colombia. Alipay said more than 500 million users helped plant trees in...

Investments
Chinese Coffee Co. Luckin Files For US IPO
April 22, 2019

The Starbucks rival in China, the Beijing-based Luckin Coffee, has filed for an initial public offering (IPO) in the United States with a valuation of almost $3 billion since its last funding round, according to a report by Reuters. Get the Full Story Complete the...

Delivery
Uber Eats Delivers CBD Drink In New York
April 22, 2019

Recess, a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City, according to a report by Adweek. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Delivery
Postmates To Hire More Engineers As It Expands In The Seattle Area
April 22, 2019

Postmates, the delivery startup that competes against Grubhub, among others, and is expected to launch an initial public offering (IPO), is reportedly in hiring mode. The company is boosting the number of engineers it is hiring in and around the Seattle, Washington area. Get the...

Investments
eBay In Talks To Invest In Paytm Mall
April 22, 2019

eBay is reportedly in talks to lead an investment in Paytm Mall in an effort to branch into offline-to-online commerce in India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Ridesharing
Post-IPO: Uber And Lyft Rides To Get More Expensive
April 22, 2019

Uber and Lyft’s initial public offerings could result in customers paying more for their rides. 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 daily newsletter,...

Retail
Will ALDI Partnership Drive Shoppers To Kohl’s?
April 22, 2019

After being one of many department store retail players to shoulder through a difficult holiday season, Kohl’s has been back in action in 2019, looking to reverse the trend of falling foot traffic and sagging in-store sales. Online sales have been a strong point: As of...