News

IPO
FinTech IPO Index Rallies 3.4%, SoFi Soars on Optimism Over Student Loans  
June 02, 2023

The FinTech IPO Index’s 3.4% gains were outpaced this week by outsized momentum in names like SoFi, while earnings reports in other holdings continued to impact trading. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Ridesharing
Uber Launches Products, Features for Business Travel
June 01, 2023

Business travel is making a comeback and Uber is capitalizing on the trend with new products and features designed to make the journey smoother, more comfortable, and more efficient for business travelers. Get the Full Story Complete the form to unlock this article and enjoy...

Banking
JPMorgan Chase Closing 25% of First Republic’s Branches After Acquisition
June 01, 2023

J.P. Morgan Chase will close 21 of the 84 branches of its recent acquisition, 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 daily newsletter,...

Faster Payments
Dapi and Mastercard Partner to Provide A2A Payments in UAE
June 01, 2023

Dapi and Mastercard have partnered to provide account-to-account (A2A) payments in the United Arab Emirates (UAE). 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...

Delivery
Instacart Takes on DashMart With Aldi Digital C-Store Partnership
June 01, 2023

Instacart is working with discount grocer Aldi on 30-minute delivery of convenience store goods, a move that could boost the grocery aggregator’s competitive position in the category relative to competitors in the space such as DoorDash and Uber Eats. Get the Full Story Complete the...

CFPB
CFPB Advises Consumers to Move From Payment Apps to Insured Accounts
June 01, 2023

The Consumer Financial Protection Bureau (CFPB) has advised consumers to transfer money stored on payment apps to insured banks and credit unions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Macy’s Navigates Weak Consumer Demand, Continues Deep Discounts
June 01, 2023

Earlier, PYMNTS reported that the summer of markdowns is here as Macy’s (along with Dollar General) struggled with declining consumer demand. The retailer has now revised its annual sales and profit forecasts downward, citing a deceleration in demand caused by inflation as the primary factor....

Retail
Trader Joe’s Embraces Digital Scarcity Amid Grocery’s eCommerce Rush 
June 01, 2023

As many brands race to become as digitally available as possible, Trader Joe’s is going the opposite route, leaning into its lack of eCommerce presence to set the shopping experience apart. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Faster Payments
Adyen Launches Payout Services to Provide Faster Global Payments
June 01, 2023

Adyen, the financial technology platform that powers the likes of Facebook, Uber, H&M, eBay, and Microsoft, has launched its Payout Services. This offering allows Adyen customers to payout acquired funds in the preferred method of their affiliated users or partners up to three days faster....