Amazon is closing in on one of Walmart’s traditional areas of dominance — consumer spending on personal health items — as the two titans continue their contentious dance. As is seen in PYMNTS’ ongoing tracking of the battle for share in key categories between the two...
Technology and investment group e& has acquired a majority stake in the Careem super app. With the firm’s investment of $400 million — the completion of which is subject to regulatory approvals and other closing conditions — the Careem super app will spinout from Uber Technologies subsidiary Careem, the companies said...
Praxis Tech has launched a solution that enables “one-click payments” for merchants. The new Merchant Initiated Transactions (MIT) payment processing solution eliminates the need for manual entry of payment information, thereby streamlining the payment process, the provider of online payment solutions said in a Monday...
Hip-hop artists Jay-Z has made it onto Forbes’ 2023 Billionaires List thanks to his savvy investments in a range of consumer-focused industries. According to Forbes, Jay-Z’s current net worth is $2.5 billion, which has more than doubled since he was named hip-hop’s first billionaire back...
TikTok is reportedly having trouble attracting American merchants to its online shopping service. A report Monday by The Information says U.S. merchants are both more interested in expanding their brick-and-mortar operations and concerned that the government could ban TikTok, and with it, the platform’s burgeoning TikTok Shop feature....
Landing International and ClearForMe have partnered to help brands educate the retail beauty advisors who sell their products. By integrating Landing International’s online marketplace and ClearForMe’s database of ingredients, their combined offering will enable beauty advisors to more easily discover products with specific ingredients and...
eCommerce platform ReserveBar has teamed with the Distilled Spirits Council of the United States (DISCUS). The partnership, announced in a Monday (April 10) press release, will let consumers who take part in Destination Distillery, a DISCUS tourism initiative, shop for their favorite brands of alcohol...
What does the downfall of Silicon Valley Bank mean for the venture debt sector? It’s a question asked by a Monday (April 10) report in The Wall Street Journal (WSJ) report, which noted that SVB had helped pioneer the crucial-for-startups venture debt field. When the...
Shipments of personal computers fell earlier this year amid the economic downturn. That’s according to a report issued Sunday (April 9) by market research firm IDC, which found that worldwide personal computer (PC) shipments fell 29% year over year during the first three months of...
