News

Retail
Walmart Joins Retailers Tailoring Private-Label Offerings to Gen Z
June 14, 2024

As Gen Z shows an inclination for shopping from retailers’ own brands, major players are tailoring their private-label offerings to these young consumers’ desires and preferences. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
Ethiopia Considers Allowing Foreigners to Buy Stakes in Domestic Banks
June 14, 2024

After 30 years of barring foreigners from its banking sector, Ethiopia is reportedly considering allowing overseas banks to buy stakes in domestic lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Canary Raises $50 Million to Deploy AI for Hospitality Industry
June 14, 2024

Canary Technologies raised $50 million in a Series C funding round to support its deployment of artificial intelligence for the hospitality industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Target Aims to Reverse Losses With Private-Label Goods, Price Cuts
June 14, 2024

Target reportedly lost market share in several of its key product categories in the first quarter. 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,...

Investments
Layer3 Raises $15 Million to Help Users Discover Web3 Projects
June 14, 2024

Layer3 raised $15 million in a Series A funding round to support its omnichain identity and distribution protocol that helps cryptocurrency consumers discover and earn rewards from projects. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Report: Luxury Brands Offer ‘Unprecedented’ Discounts in China Amid Economic Slowdown
June 14, 2024

Luxury brands in China are reportedly resorting to “unprecedented” discounts to sell unsold inventory and entice cautious Chinese consumers. 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...

Payments Innovation
Why It’s Time for Corporates to Jump on the ISO 20022 Bandwagon
June 14, 2024

It might not get the amount of play that real-time payments, open banking and artificial intelligence get, but the global payments industry reached a milestone recently when the U.S. CHIPS network, one of the world’s largest dollar clearing systems, completed its migration to the ISO...

Retail
Walmart and Amazon Race to Digitize the Physical Store
June 14, 2024

As Walmart and Amazon compete to stay at the forefront of retail’s omnichannel transformation, the two industry giants are integrating digital technologies into physical stores, aiming to provide the most convenient, connected shopping experience. Get the Full Story Complete the form to unlock this article...

Fintech Investments
FinTech IPO Tracker Loses 3.8% Despite Affirm’s Rally on Apple Pay Tie-up
June 14, 2024

Affirm saw its stock rally 7.8% this past week, but the overall trend for the FinTech IPO Index was down, as the group sank 3.8%. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...