Eric Jing, Ant Financial’s executive chairman and CEO, revealed that Alipay now has over 700 million annual active users — an increase of more than 200 million year on year. Jing made the comments at Alibaba’s 2018 Investor Day, where he gave a presentation on...
A credit union (CU) is now the first financial institution (FI) in Massachusetts to offer banking services to recreational marijuana companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Coverage includes the latest on Amazon’s brewing data scandal, along with news about same-day ACH. UnionPay ups its game against Alipay and WeChat Pay, Uber faces defeat in Africa and...
myPOS announced that it will open a store in Milan, Italy this week, its fourth brick-and-mortar location in Europe. 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...
Stripe, the payments company, announced on Monday (Sept. 17) the launch of Stripe Terminal, a product that will enable online businesses and platforms to accept in-person payments with Stripe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Far from its headquarters in Bentonville, Arkansas, Walmart is seeking to deliver stronger omnichannel offerings internationally. The retailer recently announced that it was acquiring online marketplace Cornershop Inc., which offers crowdsourced on-demand delivery in Chile and Mexico. Through the service, consumers can order goods from...
With unemployment at new lows, staffing has become a challenge for retail companies. Retailers had 757,000 job openings in July, which is roughly 100,000 more than they had a year before, The Wall Street Journal reported. Get the Full Story Complete the form to unlock...
There are many things that jump out at the shopper at the new MATCHESFASHION.com location in London’s Mayfair. The space has been described as a “store-come-house-come-school-come-gallery” by reviewers who have raved that the new store could be “a blueprint for the future of fashion.” The location...
