Indian cash-back and rewards app Abound has raised $10 million from the Times Group to expand its remittance offering. The app — owned by the Times of India and formerly known as Times Club — is designed especially for Indian expatriates living in the U.S....
Throughout history, the world’s greatest philosophers have argued whether nature tends toward disorder. It certainly abhors a vacuum. And while the answer to existence’s degree of entropy may still be up in the air, at least one thing is certain: Internal company data, for its...
British financial app Revolut has launched in New Zealand. Customers in the country can now use the app to access foreign currency exchange, peer-to-peer payments, bill splitting and the ability to send and spend in more than 200 currencies, Revolut said in a Monday (July...
ABN AMRO Bank has gone live with a Commercial Banking Applications (CBA) solution for trade finance processes. The Dutch bank is now using the latest version of the Norwegian software vendor’s IBAS GTF – Global Trade Finance Factory to run its global trade finance operations,...
Statement has raised 1.5 million pounds (about $1.9 million) for its platform that connects small businesses and payments providers. The pre-seed funding round was led by venture capital (VC) fund Northzone. “Statement, the platform helping small businesses save money on hidden card acceptance fees, has launched,” Northzone...
Klarna and retail experience agency Stellar Global have teamed to debut a virtual shopping solution for eCommerce brands. The tool, announced in a news release provided to PYMNTS Monday (July 3), combines Klarna’s online tech integrations with Stellar’s product demonstration teams and studio space to...
Restaurants have raised prices considerably in recent years, and they are finding that to get their customers back, they must increase their discounting efforts, according to Chicken Salad Chick President and CEO Scott Deviney. Deviney, who helms the fast-casual chain, which has more than 225 restaurants across 17...
The announcement that H&M and Shein are diversifying their offerings through third-party assistance (brand incorporation or sellers) isn’t unusual because now when a consumer shops on Shein they can find a house appliance to go hand in hand with their summer crop top (It’s not...
Today’s hostile macroclimate is proving to be historically hungry for consumers’ purchasing power. Record inflation is eating up Americans’ ability to make everyday purchases with little to no worry. Fortunately, an ongoing foundational shift in the very nature of money and payments is helping cash-strapped...
