News

Regulation
Paytm Vows to Keep Digital Wallet Working Amid Regulatory Challenges
February 02, 2024

Paytm, an India-based digital payments firm, is facing uncertainty regarding its license as the Reserve Bank of India ordered it to stop accepting deposits after Feb. 29. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
Report: Alibaba Gauges Potential Buyers’ Interest in Brick-and-Mortar Businesses
February 02, 2024

Chinese tech giant Alibaba Group is reportedly considering selling several of its brick-and-mortar businesses, including grocery business Freshippo, retailer RT-Mart and shopping mall operator Intime. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
e.l.f. Cosmetics Launches Mixed-Reality Shopping App for Apple Vision Pro
February 02, 2024

e.l.f. Cosmetics has launched a beauty shopping app for Apple’s new spatial computer, Vision Pro. 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
Visa: Innovation Boosts Authorization Rates as Merchants Improve the Customer Experience
February 02, 2024

“There’s a lot going on for merchants today, and they have a lot to juggle,” Saurabh Chopra, head of product, U.S. debit, prepaid and real-time payments at Visa, told PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fintech Investments
FinTech IPO Index Adds 0.5% as SoFi Weighs In With Earnings 
February 02, 2024

Headed into the end of January, and with earnings season in full swing, the FinTech IPO Index was up a slight 0.5%. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Walmart Counters Amazon’s eCommerce Lead With Omnichannel Tech
February 02, 2024

As Walmart looks to shrink Amazon’s growing lead in consumer retail spending, the mega-retailer is turning to new technologies to merge the digital and physical shopping journeys to provide a more frictionless customer experience.   Get the Full Story Complete the form to unlock this article...

Banking
Regional Banking Shares Drop Amid Investors’ Concerns About Sector
February 01, 2024

Regional banking shares in the United States experienced a significant decline for the second consecutive day Thursday (Feb. 1). 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...

Retail
Instacart Dips Into Healthcare, Delivering Food as Medicine 
February 01, 2024

Instacart and the U.S. Department of Health and Human Services (HHS) are teaming up to help more people access healthy food and tools for better health.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
Report: Paytm Bank Closure Was Result of Conflicts of Interest
February 01, 2024

For Indian regulators, Paytm Payments Bank was apparently too close with its parent company. 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...