Let’s just come out and say it: When it comes to the wide range of commerce activities, unless you’re a teenager with a new driver’s license, putting gas into your vehicle is never fun. Get the Full Story Complete the form to unlock this article...
While the Great Recession technically began in Dec. 2007, most people remember a different date as the “real” start to the Great Recession: Sept. 15, 2008. That was the day Lehman Brothers officially filed for bankruptcy. Six days later, The New York Times reported that Bear Stearns was...
PPMiao, the online peer-to-peer (P2P) lender in China, faced protests from investors in the company at its offices on Monday (Aug. 20), as the P2P lending industry continues to be plagued with problems. According to a report in Reuters, 243 P2P companies or more have...
American Banker, citing Citi Ventures, reported that the investment shows banks are embracing and implementing AI. According to the report, the investment provides more insight into how Citigroup is using AI across the company. The software is popular with younger generations, which is an important...
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes news of PepsiCo’s major new acquisition, and Walmart’s latest plans for virtual reality (VR) retail. Alibaba might have a new plan to take on Amazon in India,...
Generation Z is coming into its own, and according to new research, it will account for 40 percent of all shoppers by 2020, reported USA Today. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
YayYo, the online ridesharing company, is gearing up an initial public offering (IPO) in the U.S. Seeking Alpha, citing an S-1/A registration with the Securities and Exchange Commission (SEC), reported the company is aiming to raise $5 million in gross proceeds from the IPO. As...
Reliance Retail and Alibaba are negotiating a partnership in the Indian retail segment. According to reports, the firms are pushing to build “a mega Indian retail joint venture” with an investment of “at least $5 billion” to mount a challenge against existing players, including Flipkart, and Amazon...
PepsiCo is buying Israel-based SodaStream for $3.2 billion, according to reports from CNBC out this morning. That values the beverage startup at $144 a share — a sum Pepsi will be paying in cash for SodaStream’s outstanding stock, a 32 percent premium to its 30-day volume...
