News

eCommerce
Temu: High Revenue Growth Not Sustainable Amid eCommerce Competition
August 26, 2024

The parent of Chinese eCommerce firm Temu is warning that revenue growth will eventually cool. 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,...

Security & Fraud
Nigeria Targets Online Scams Following Meta Crackdown
August 26, 2024

Nigeria is reportedly eager to combat online extortion scams following a crackdown by Meta. 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...

Regulation
Uber Fined $324 Million for EU Data Protection Breach
August 26, 2024

Uber was fined a record 290 million euros (about $324 million) for failing to protect European driver data. 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...

Retail
Ikea Tests Appetite for Secondhand Furniture With ‘Preowned’ Marketplace
August 26, 2024

IKEA is reportedly testing a peer-to-peer marketplace where customers can sell each other secondhand furniture. 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,...

Security & Fraud
Galileo: Banks Need to Predict Customer Experience to Combat Fraud
August 26, 2024

Forget everything you knew about fraud and fraudsters. 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, you...

Retail
Instacart Product Chief Says Grocery’s Future Is All About the AI-Powered ‘Personal Planogram’
August 26, 2024

One hundred years ago, the grocery shopper was just trying out the new concept of chain stores like Piggly Wiggly, A&P and King Kullen. She would visit one of these chains with sawdust on the floor and handwritten price tags for items like sirloin steak...

Retail
Higher-Income Shoppers Twice as Likely to Look for Deals at Walmart+ Week Sale
August 26, 2024

As promotional events like Amazon Prime Days and Walmart+ Week escalate the rivalry between Walmart and Amazon, distinct consumer trends have emerged. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
FTC Junk Fee Crackdown Leaves Restaurants Feeling Queasy
August 25, 2024

The Biden administration’s anti-junk-fee campaign is targeting the restaurant sector. 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...

Security & Fraud
Telegram Founder Arrested in France in Cybercrime Probe
August 25, 2024

 Telegram’s founder has reportedly been arrested in France as part of a cybersecurity investigation. 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...