China Tourism Group Duty Free, which runs China’s biggest duty-free retail network, is planning an initial public offering (IPO) in Hong Kong that could raise as much as $2 billion, Reuters reported Friday (Aug. 12). The offering is fully subscribed, and the stock is likely...
B2B payments are notoriously slow and costly — witness the continued use of paper checks sent via snail mail — which is driving more operations to seek the efficiency platforms provide. For The AP/AR Quick-Start Guide: How All-In-One Payment Platforms Can Transform B2B Transactions, a PYMNTS...
At a time of soaring inflation and rising interest rates, consumers are not cutting back on car wash subscriptions. At Mister Car Wash, the number of subscribers June 30 was 20% higher that it was at the same time the previous year, the company said...
The great digital shift demands that all executives — chief product officers among them — approach payments from a different point of view. Daniel Cohen, chief product officer (CPO) at PayU, gave PYMNTS a glimpse into the mind of the CPO, where strategies surrounding financial...
Costs, technical concerns and even just the idea of a payment that cannot be revoked lead some businesses to take a cautious view of real-time payments. But as the reality dawns that the true decision about real-time payments will be “when,” not “if,” hesitation ultimately...
When the going gets tough, the tough hunker down and solve problems. Adversity ends up creating strong businesses, as the market meltdown of 2008 demonstrated, and some payments industry leaders see the current downturn as more of an opportunity. PYMNTS’ Karen Webster caught up with...
For an industry that recognizes the need for speed, the auto repair industry has been a bit slow off the line in the race to digitization. As in other verticals, FinTech platforms are busy providing small and midsized businesses (SMBs) the tools they need for...
JCPenney is looking at expanding its omnichannel and digital work with the appointment of new CFO Stephanie Plaines, a press release said. Marc Rosen, CEO, said Plaines would help out with the initiatives because of her experience with financial management. “JCPenney is investing for the...
According to the latest “Business Payments Digitization: The Fast Track to Payments Systems Upgrades,” a PYMNTS and Corcentric collaboration, chief financial officers who have accelerated the payments modernization efforts that ramped up during the pandemic have found at least three unexpected benefits as a result....
