News

Mobile Commerce
Cashless Wave Sweeps Latin America Amid Mobile, FinTech Boom
May 07, 2025

Latin America is undergoing a dramatic shift in how money moves. But it isn’t traditional financial institutions that are leading the charge. Instead, mobile wallets and real-time payment systems are rapidly gaining ground across the region, and these 21st century solutions to the age-old problem...

Investments
Dick’s Sporting Goods Leads $120 Million Investment in Youth Sports Operator Unrivaled Sports
May 06, 2025

Dick’s Sporting Goods announced Tuesday (May 6) that it led a $120 million strategic investment in Unrivaled Sports through its corporate venture arm, DSG Ventures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Rite Aid Attributes Bankruptcy Return to Empty Shelves, Shopper Trade-Down
May 06, 2025

Rite Aid has claimed in a court filing Tuesday (May 6) that its inability to sustain a successful recovery and its subsequent return to bankruptcy protection is primarily due to sparsely stocked store shelves and to trade-down from lower-income consumers. Get the Full Story Complete...

Artificial Intelligence
IBM CEO: Layoffs Due to AI Led to ‘More Investment’ in Other Roles
May 06, 2025

Arvind Krishna, the CEO of IBM, said his company’s investment in artificial intelligence (AI) has ultimately led to a rise in employment in the firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
Google Improves Coding Capabilities in Gemini 2.5 Pro Preview
May 06, 2025

Google is providing early access to an updated version of its Gemini 2.5 Pro multimodal artificial intelligence (AI) model, the company said in a Tuesday (May 6) bog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Agree.com Raises $7.2 Million to Combine Payments and e-Signatures
May 06, 2025

e-Signature platform Agree.com has reportedly raised $7.2 million in new funding. 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...

Artificial Intelligence
xAI and Palantir Team to Promote Financial Services AI Use
May 06, 2025

xAI has teamed with Palantir to explore how financial services firms can employ AI. 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...

B2B Payments
Nuvei and Sage Team to Bolster Construction Sector B2B Payments
May 06, 2025

Payments FinTech Nuvei is expanding its B2B payment capabilities for the construction 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....

Retail
Instacart Introduces Alcohol-Focused Fizz App to Tap Gen Z Market
May 06, 2025

Instacart is reportedly rolling out an app targeting Generation Z consumers, centered around group orders of drinks and party snacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....