Today in TechREG, the U.K. Parliament sent letters to Visa and Mastercard demanding an explanation for the increase on cross-border fees after the U.K. left the European Union. The inquiry came after the payment regulator in the U.K. signaled that Visa and Mastercard’s increases may...
Amazon is maintaining its retail dominance, capturing 8.8% in gross retail spending compared to Walmart’s 8.2% in the second quarter of 2022, PYMNTS reported in a new study. Get the study: Amazon Versus Walmart Q1 2022 Amazon also accounted for 3.4% of all consumer spending,...
Logistics-equipped wholesale B2B grocery marketplace Pod Foods has debuted Pod Foods Capital, a financing tool for emerging brands that need help gaining access to capital, according to a Thursday (July 14) company press release. Pod Foods Capital’s launch includes a line of credit and term...
B2B Software-as-a-Service (SaaS) company TurnKey Lender announced Thursday (July 14) it had raised $10 million in new funding and appointed a new board chairman. According to a news release sent to PYMNTS, the company will use the funds to “take advantage of new opportunities in...
As mega-retailers compete for consumers’ food spending, Amazon is pulling out all stops to minimize Walmart’s grocery lead. During its Prime Day event Tuesday and Wednesday (July 12-13), Amazon touted grocery savings for Prime members, and the retailer had a range of deals and discounts...
As the widespread and indiscriminate impact of inflation puts increasing strain on consumers and businesses alike, retailers and their suppliers have begun to seek savings and innovation in seemingly mundane areas that historically have been relegated or ignored. A prime example of this growing focus...
Uniqlo parent company Fast Retailing is joining others in the fast fashion world by raising prices on fleece items at a time when shoppers are looking for every possible bargain they can find — but seem not to mind paying full price or a higher...
South African mobility FinTech Moove has raised $20 million in financing from Absa Corporate and Investment Banking (CIB), the Johannesburg company announced Thursday (July 14). According to a news release, the funding — which brings Moove’s total financing to north of $200 million — will...
In a world of disintermediated financial products, consumers still show a strong propensity for one banking relationship that brings it all together — and many will switch to get that. For “Bundled Banking Products: Matching Product Offerings With Customer Demand,” a PYMNTS and Amount collaboration,...