News

Banking
BBVA-Funded Denizen Becomes World’s First Global Banking Account
March 27, 2018

Denizen has announced the first true global, borderless account that allows customers to receive money in one country and pay it out without excess fees or delays. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cross-border Payments
Walmart Taps WeChat For Western Region Of China In A Blow To Alipay
March 27, 2018

In what is seen as a blow to Alipay, Walmart inked a deal with rival Tencent Holdings to use WeChat Pay, its popular payment app, in all of its stores in the western region of China. Get the Full Story Complete the form to unlock...

Payment Methods
WhatsApp To Support Payments Via QR Code
March 26, 2018

WhatsApp, the messaging app that has a payments component, is expanding the payments types it supports by rolling out the ability to support QR codes for payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Ford And Alibaba Roll Out Car Vending Machine
March 26, 2018

Those shopping for a new car in Guangzhou, China, now have an interesting new option for the process. 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...

Retail
Macy’s Pushes Private Labels
March 26, 2018

Macy’s has been suffering from a slump in sales, but it’s hoping a renewed focus on private label brands will improve its outlook with investors. According to Jeff Gennette, chairman and CEO of Macy’s, the goal is to boost private label sales to eventually rake in 40 percent of...

Retail
Whole Foods Stores With Amazon Lockers See Rise In ‘Micro’ Visits
March 26, 2018

Amazon Lockers may be encouraging shoppers to make quick trips to Whole Foods stores. Research from inMarket showed that “micro” visits — or those between three and five minutes — increased 11 percent at locations that had the lockers compared to a 7 percent rise...

Delivery
How Small Food Merchants Can Tap Into Delivery Platforms
March 26, 2018

Cities around the world have many independent shops — butchers, bakers, cheesemongers and the like. But what they don’t always have is a platform geared toward small food businesses for order delivery and pickup. Get the Full Story Complete the form to unlock this article...

Retail
Tesco Veteran Simon Belsham Takes The Helm At Jet.com
March 26, 2018

After helping Tesco grow its non-food business, Simon Belsham is heading to Walmart’s Jet.com. The Tesco veteran will work to boost the retailer’s online grocery business as the company’s new president, CNBC reported. Get the Full Story Complete the form to unlock this article and...

Delivery
Meal Kits May Be Just Getting Started
March 26, 2018

In the days following HelloFresh’s acquisition of the organic and vegan food delivery company Green Chef, other health-based meal kit delivery services are finding hope that there’s a strong market for their offerings — as well as plenty of room for them to find their...