News

Retail
Report: LVMH Tells Analysts Demand Remains Weak in Luxury Sector
May 21, 2025

Luxury conglomerate LVMH reportedly told investors and analysts that demand remains soft due to weaker consumer confidence in China and other markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Artificial Intelligence
Chatbot Arena Raises $100 Million for Platform That Compares AI Models
May 21, 2025

Chatbot Arena raised $100 million in seed funding to support its platform that helps users compare the performance of different artificial intelligence models. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
Shopify Debuts AI-Powered Store Builder for Merchants
May 21, 2025

Shopify has introduced a tool that lets merchants create online stores by entering descriptive keywords. 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
OpenAI Texas Data Center Lands $11.6 Billion in Funding Commitments
May 21, 2025

One of OpenAI’s future data centers has reportedly secured $11.6 billion in funding commitments. 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...

Artificial Intelligence
Big Tech’s Enterprise Cloud Launches Move AI From Feature to Framework
May 21, 2025

Dynamic and uncertain times can help build nimble companies. 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 this form,...

eCommerce
Worldpay Brings Domestic Acquiring Capabilities to Colombia
May 21, 2025

Payments tech firm Worldpay says it now offers domestic acquiring capabilities in Colombia. 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....

Social Commerce
TikTok Shop Job Cuts Loom Amid Ban and Tariff Uncertainty
May 21, 2025

TikTok’s U.S. eCommerce workers are reportedly facing possible job cuts. 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 this form,...

Investments
Airwallex Valued at $6.2 Billion After $300 Million Funding Round
May 21, 2025

Payments and banking startup Airwallex is aiming to expand after raising $300 million. 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...

B2B Payments
Bank of America Sees Mobile-First Security Surge as Firms Embrace QR Sign-In
May 21, 2025

Business-to-business (B2B) transactions typically involve higher volumes and more complex authorization than consumer payments. Companies must balance usability with security, often managing multiple layers of authentication for different roles, departments and systems. Get the Full Story Complete the form to unlock this article and enjoy...