Payments platform PhonePe has launched an eCommerce app built on India’s ONDC network. The new Pincode app launched Tuesday (April 4) in Bengalaru and will expand to other cities soon, PhonePe said in a Tuesday press release. The app focuses on hyperlocal commerce and aims...
European neobank Bunq has applied to bring its business to “digital nomads” in the U.S. The company announced Wednesday (April 4) that it had applied for a New York banking license with the Federal Deposit Insurance Corp. (FDIC). After nearly a decade of operating in...
After acquiring Twitter for $44 billion in 2022, Elon Musk publicized the idea of paying for the coveted blue checkmark, which was met with mixed reactions from the public. This was one of many measures taken by the billionaire to restore the company to profitability....
Apple is reportedly eliminating some retail jobs as it looks to cut costs. Until now, there were signs the tech giant was attempting to avoid the layoffs that many of its peers had untaken in recent months. However, a report Monday (April 3) by Bloomberg...
The prevailing trend that has emerged from recent earnings reports is retailers’ emphasis on prioritizing core products, core customers and customer loyalty. Although not entirely new, these three elements underscore another year of “survival of the fittest.” Solo Brands, an outdoor lifestyle-focused company, is embracing...
Germany’s Finanzguru is $14 million richer after a new PayPal Ventures-led funding round. The Frankfurt-based financial advice/banking app announced the funding — co-led by SCOR Ventures — on Tuesday (April 4), saying it would use the money to expand its platform and “significantly” add to...
The old maxim says the more things change, the more they stay the same. The payments industry may have disproved that wisdom, at least in part, as world-shaking events keep pushing digital commerce in new directions from which there is no going back, nor a...
Brands typically struggle to engage two key audiences: affluent consumers who are cash rich, time poor, and Gen Zs, who have a short attention span due to the endless stream of social media content they are exposed to. As a result, these two groups of...
Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set to reach a crescendo this July when Federal Reserve launches its long-awaited payments service, FedNow Service. When FedNow goes live,...
