Grocery tech firm Instacart said it has expanded its Electronic Benefits Transfer and Supplemental Nutrition Assistance Program (EBT, SNAP) offering to 10 new states. According to a Monday (July 25) news release, the expansion covers the states of Colorado, Hawaii, Idaho, Louisiana, Montana, New Mexico,...
At a time when the rapid grocery delivery market is contracting quickly and facing an existential crisis, on-demand grocery delivery startup Gorillas has signed a deal with NielsenIQ that brings together the startup’s speed and efficiency with the power of Big Data, according to a...
Cartona, an Egyptian B2B eCommerce marketplace for the fast-moving consumer goods (FMCG) space, has raised $12 million in Series A funding. According to a Monday (July 25) press release, Cartona plans to use the funds to extend its footprint in Egypt, expand its product, services...
Not content to hit 8.6% in May, the Consumer Price Index (CPI) shifted to up to 9.1% in June, making consumers conflicted enough about inflation and spending even more so. Add to this aggravation the new finding that the more payments choice one employs, the...
As the fashion industry continues to try to find its footing in a time when budget-conscious consumers are going out more amid the ebbing pandemic, J.Crew finds itself at a similar crossroads. The company, said J.Crew chief executive Libby Wadle in an interview with The...
After more than five years of working on a FinTech project with Chinese eCommerce marketplace JD.com, commercial lender China Merchants Bank (CMB) has decided not to move forward with the planned direct banking joint venture. CMB’s board gave no reason for its decision to withdraw an application that...
It’s been a tough year for smaller players in the trucking industry, those owner-operators and small fleets who might be operating as few as one or two trucks. First there was the spike in the price of diesel, which has only recently started to come...
A new survey of U.S. consumers, hot off the presses at PYMNTS, tells a lot about how they’re handling the current economic turmoil and when they think it will end. It’s important information for any business or policymaker trying to navigate through the next couple...
In the push to be part of global commerce, businesses face a range of complexities. As companies seek to have a range of collection and payment options on hand beyond simply accepting cards, they must strive to offer localized choices. It’s no easy task — merchants...
