News

eCommerce
One in Three Consumers Expects to Step up eGrocery Use
June 08, 2023

Online grocery adoption may have a long way to go, but many consumers are ready to up their digital engagement, according to PYMNTS research. By the Numbers Research from “Tracking the Digital Payments Takeover: Catching the Coming eCommerce Wave,” created in collaboration with Amazon Web...

IPO
FX Company CAB Payments Plans to Go Public
June 08, 2023

CAB Payments Holdings plans to go public via an initial public offering (IPO) in London. The U.K. FinTech, which specializes in payments services and foreign exchange (FX), announced its objective to float on the London Stock Exchange Thursday (June 8). “Our intention to list on the London Stock...

IPO
GCash Parent CEO Says Firm Is ‘Ripe’ to Go Public
June 08, 2023

Philippines-based mobile wallet provider GCash is reportedly ready to go public. “We’re pretty much ripe for it,” Ernest Cu, president and CEO of GCash parent Globe Telecom, said in an interview with Bloomberg Television Thursday (June 8), referring to the company’s plan for an initial...

B2B Payments
B2B BNPL Provider Hokodo Acquires European Payments License
June 08, 2023

B2B buy now, pay later (BNPL) provider Hokodo has acquired a European payments license. With the new payments license, the firm can offer a broader suite of payment solutions, providing benefits to both suppliers and buyers, Hokodo said in a Thursday (June 8) press release....

B2B Payments
DOZR Adds Order Tracker to Heavy Equipment Rental Marketplace
June 08, 2023

DOZR has added an order tracker to its online marketplace for heavy equipment rentals. The new feature allows contractors to track the progress of their order from start to finish, DOZR said in a Thursday (June 8) press release. “We want each person who uses...

Retail
Millennial Student Loan Repayments Threaten Amazon, Walmart’s Bottom Line 
June 08, 2023

Millennials with student loans to lose 6.5% of spending power as repayments resume. That’s the headline PYMNTS reported this week and it’s a headline that’s going to be detrimental to the retail landscape.  The development has raised concerns about the negative impact on the retail...

Retail
Is In-Store a Breeding Ground for Impulse Buying? 
June 08, 2023

While the return to in-store experiences always seems to be in flux these days, the value the store brings to the customer remains a question. Is the ability to get a consumer into your store mean you have a customer who has intent? Going further,...

Retail
Worldline and BigCommerce Team to Prevent Cart Abandonment
June 08, 2023

Payments services company Worldline has teamed with BigCommerce to tackle the problem of cart abandonment. “Every online shopper has a favourite way to pay, whether that’s using a local bank transfer method, a credit card, or a buy now, pay later option,” Björn Hoffmeyer, Worldline’s...

eCommerce
Report: TikTok Plans to Quadruple Its eCommerce Network
June 08, 2023

TikTok is reportedly looking to Southeast Asia to massively expand its eCommerce business. The Chinese social media platform aims to grow its eCommerce sales from $4.4 billion in gross merchandise value to $20 billion, Bloomberg News reported Wednesday (June 7), citing sources familiar with the...