News

Digital Banking
Colendi Gets Approval to Launch Digital Bank in Turkey
August 21, 2023

Turkish FinTech Colendi says it’s set to launch the country’s first digital deposit 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 daily newsletter, PYMNTS Today....

Delivery
Amazon’s Shipping Push Deepens Last-Mile Battle vs. UPS, FedEx and Platforms
August 21, 2023

The battle for loyalty — from merchants and consumers — may be won along the last mile. 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...

Banking
Goldman Exploring Sale of Personal Finance Unit
August 21, 2023

Goldman Sachs could sell its personal financial management business as it moves away from retail banking. 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,...

Artificial Intelligence
AI, Self-Service Models Promise a Re-Imagining of the Grocery Run
August 21, 2023

That age-old routine of daily life — the grocery run — is getting a makeover thanks to advanced technology, specifically artificial intelligence (AI) and self-service models. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Ghost Raises $30 Million to Grow B2B Marketplace for Surplus Inventory
August 21, 2023

Ghost has raised $30 million to grow its members-only B2B marketplace that helps brands and retailers move surplus inventory. 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...

Retail
Social Media Shopping Blocked By a Lack of Trust 
August 21, 2023

Shopping over social media seems to be the next frontier of eCommerce spend, with 43% of consumers (approximately 110 million individuals) browsing these platforms to find goods and services. However, only 14% (36 million individuals) buy those goods and services via social media.  Get the...

Retail
Estée Lauder Embraces Science, Expertise and TikTok to Get Consumers to Shop 
August 21, 2023

In 1968, Vogue magazine published an article titled “Can Great Skin Be Created?” by beauty editor Carol Phillips. It caught the attention of dermatologist Dr. Norman Orentreich and journalist Evelyn Lauder, who were both intrigued by the idea of merging dermatology and cosmetics to create a...

eCommerce
Gucci Doubles Down on China’s Consumers With JD.com Expansion
August 21, 2023

As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers who remain eager to spend.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

eCommerce
Chinese eCommerce Giants Embrace Lower-Priced Goods
August 21, 2023

Consumers in China have started trading down, and the country’s eCommerce giants are acting accordingly. 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,...