News

Retail
Rent the Runway Struggles to Meet Soaring Consumer Demand
September 11, 2023

As consumers increasingly prioritize mindful consumption across various facets of their lives, rentals have emerged as a popular means of accessing new styles without the burden of commitment and excessive consumption of items that might only be used once or twice. This mindset has proven...

Banking
UPI Adds Voice Payments to Expand Financial Inclusion
September 11, 2023

India is preparing to add a voice-enabled feature to its Universal Payments Interface (UPI) system. 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, PYMNTS Today....

Retail
Is D2C a Tired Playbook? How One Beauty Brand Finds Value in Retail Distribution
September 11, 2023

In the past few years, grocery stores have significantly transformed, expanding beyond their traditional role as food suppliers. They have evolved into comprehensive shopping destinations, offering many products, including beauty and health items. This transformation has ushered in an era of unparalleled convenience for consumers,...

IPO
Instacart IPO Target Could Be Under $10 Billion
September 10, 2023

 Instacart is reportedly aiming for an initial public offering target far below its past valuation. 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, PYMNTS...

eCommerce
Alibaba Cloud CEO Daniel Zhang Steps Down
September 10, 2023

China’s Alibaba Group says the head of its cloud unit — and ex-CEO — will resign. 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...

Retail
Walmart Weighs Investment in ChenMed Senior Care Clinics
September 10, 2023

Walmart is reportedly considering purchasing a majority share of primary care chain ChenMed. 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, PYMNTS Today. By completing...

Retail
Can Selfridges’ Play on Nostalgia Revive the Yellow Pages?
September 09, 2023

When was the last time you saw the Yellow Pages? Probably in 2019, since that was the last time it was published. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Banking
FDIC Review Identifies Supervision Shortcomings in First Republic Bank’s Failure
September 08, 2023

The Federal Deposit Insurance Corporation (FDIC) has identified supervision shortcomings around the failure of First Republic Bank. 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...

Artificial Intelligence
AI Safeguards to be Focus of Congressional Hearings
September 08, 2023

The U.S. Congress is reportedly taking steps to address the potential risks associated with the rapid advancement of artificial intelligence (AI). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...