To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or $22 billion – into the banking system. The government made the move on Friday (Aug. 24) by making loans to commercial banks, Financial...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Silk Way Bank’s launch of a new project for cashless payments. In addition, China’s Alipay is working to step up efforts to monitor its platform for peer-to-peer crypto trading transactions,...
The yin and yang concept, born in China, can be applied to so many things. 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,...
1-800-Flowers.com has had a year focused on expanding its brand – and building a gifting ecosystem designed to be consumers’ first (and hopefully last) destination when they are getting ready to gift. Flowers are a good start, though of course 1-800-Flowers does a lot more than...
Retailers are cutting back on their brick-and-mortar footprints as consumers opt to shop online and away from malls, and Sears has been hit particularly hard. Earlier this year, Sears made the decision to close 72 stores, and this week, the department store announced that it...
Moving beyond text-based online search for its customers, Forever 21 has unveiled visual search for its website and mobile eCommerce platforms. The technology, which is powered by artificial intelligence, was developed by Donde Search, the retailer said in an announcement. Get the Full Story Complete...
Visa has made a strategic investment in Paidy, which offers instantly issued post-pay credit services for eCommerce consumers based in Japan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Finance-as-a-Service startup Consero Global secured $50 million in funding for its solution, with reports in AustinInno calling it one of the largest investment rounds for a mid-market financial services startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Small businesses’ use of alternative finance platforms is slowly on the rise. While data from the Federal Reserve shows small and large banks still tower over online lending platforms when it comes to small businesses that seek financing, the Fed has recorded a steady climb...
