News

Retail
Walmart Aims to Provide Guiding Light to Wandering Shoppers
January 30, 2024

Lost in the supermarket? Walmart says it has a solution. Look for the blinking light. 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
H&M Refines Retail Strategy, Taking Cues From Retailers for a Localized Edge 
January 30, 2024

H&M announced on Friday (Jan. 26) its plan to close down more than 20% of its stores in Spain and lay off up to 588 employees. The company cited unspecified organizational, productive and economic reasons. The move comes in response to competition from Inditex, owner of...

Delivery
Delivery Hero Sells $97 Million Stake in Deliveroo
January 30, 2024

Delivery Hero has sold its 4.5% stake in British food ordering platform Deliveroo. 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....

Investments
Tech Investors Stockpile Record $311 Billion in ‘Dry Powder’
January 30, 2024

Venture capitalists (VCs) reportedly have $311 billion in unspent cash as tech funding cools. 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...

Artificial Intelligence
The 4 Easy Wins GenAI Brings to the Payments Sector
January 30, 2024

The ability to scale is what qualifies an innovation as such. 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...

Retail
AWS: Retailers and Brands Partner With Platforms to Drive Innovation
January 30, 2024

As we finish the first month of the new year, more and more businesses are putting 2023 innovations into action and hoping to see results.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Artificial Intelligence
GenAI’s Role in Transforming Payments: Sovos Says Don’t Expect a Revolution
January 30, 2024

Eric Lefebvre, chief technology officer at Sovos, said generative artificial intelligence (AI) will transform the ways in which consumers and businesses interact with financial institutions and merchants — and will prove essential in beating fraudsters at their own game. Get the Full Story Complete the...

Cross-border Payments
New Report Examines Impact of Cross-Border Payments on Business Growth
January 30, 2024

In an era of disruptive technologies, cross-border payments are quietly undergoing a revolution. The emerging paradigm centers around cost-effective, real-time payment options with maximum visibility for both sender and receiver. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Digital Banking
Wise Closing In on Revolut in Provider Ranking of Digital Banking Apps
January 29, 2024

In this month’s PYMNTS Provider Ranking of Digital Banking Apps, all movement came from the lower half of the rankings. Acorns and Ally are making moves upward to compete with the others, while Empower and Albert are falling down. Check below to see how the...