Omnichannel digital commerce platform XY Retail has partnered with FinTech business payments company Adyen to help luxury retailers manage in-person and online payments globally. With the partnership, luxury retailers will be able to handle all aspects of their commerce and payment needs with a single...
Peloton has made a deal with Amazon to sell its exercise bikes and other fitness products on the eCommerce giant’s platform as it tries to battle declining sales, the company said in a news release Wednesday (Aug. 24). The deal is the latest attempt by...
Macroeconomic pressures are taking their toll on lower-income consumers, Nordstrom executives said Tuesday (Aug. 23) in materials released along with the company’s quarterly earnings call. Although the company’s net sales increased 12% year over year during the quarter ended July 30, they began slowing in...
UK Finance, a trade body representing the United Kingdom’s banking and financial services sector, recently published the latest edition of its annual report assessing the state of the country’s payments market. According to the report, a total of 40.4 billion payments were made in the...
How many people have seen those video screen kiosks or iPads in airports featuring interesting clips and little commercials and thought, “this would be an ideal medium for live video shopping.” Until today, no one we knew of. That’s all changed with the August 24...
When PayPal acquired discounting app Honey in early 2020 for $4 billion in cash, it presaged the beefed-up rewards and cash back power of the two properties combined. With the July announcement that the rebranded PayPal Honey is now a mobile Safari extension, Honey-loving...
Today in B2B payments, investors are helping two B2B platforms in their plans for growth. Kenyan AgriTech startup iProcure has secured new funds to support its expansion into Uganda and Tanzania, while logistics software company Trusted Dispatch has received investment to grow its solutions for...
Now, now, now — that’s the chorus coming from companies when it comes to payments, and that demand is fueling progress in real-time payments. It is not only one of the major trends for 2022 but promises to take on increased importance in 2023 and...
Like many FinTech companies, Indian eCommerce platform ShopX was once a high flyer. The company, backed by Infosys Co-founder Nandan Nilekani and Fung Investment, has raised over $54 million and was valued at over $100 million during the last round. Nilekani alone invested $18 million. But the...
