As European private equity (PE) funds adapt their strategies to the current climate of rising interest rates and a bear market, deals continue to pass the line despite a more cautious approach from investors and a longer-term exit vision. In the first half of the...
Amazon to Raise Prime Subscription Price in Europe to Offset Inflation In a bid to offset the increased cost of goods and shipping services, Amazon said it plans to raise the annual fee for a Prime membership by 20% to 43% in five European countries....
To help business partners collaborate on generating and processing invoicing and payments, a growing number of businesses are adopting digital lockboxes. Doing so can optimize transactions and reduce the work involved in sending, receiving and reconciliating payment information, according to “Reimagining Business Payments,” a PYMNTS...
Polish banks could face fines of up to 10% of their annual turnover if they make it difficult for mortgage holders to take advantage of payment holidays, the country’s consumer watchdog said Tuesday (July 26). The payment holiday scheme, effective from Friday (July 29), is...
Walmart’s profit warning on Monday (July 25) sent shockwaves through already jittery markets, in effect confirming new PYMNTS research showing that over half of U.S. consumers feel worse off financially now than in 2021 — and don’t see substantive relief coming until mid-2024. “Food inflation...
In a bid to offset the increased cost of goods and shipping services, Amazon said it plans to raise the annual fee for a Prime membership by 20% to 43% in five European countries. In an email to PYMNTS on Tuesday (July 26), a spokesperson...
Walmart is launching the latest salvo in its battle with Amazon for healthcare supremacy by partnering with eyecare brand Waldo to offer affordable contact lenses enriched with essential vitamins, including B12, “to help refresh and rejuvenate eyes,” according to a Tuesday (July 26) press release....
Plaid has launched a tool in beta to improve variable recurring payments (VRPs) for individual consumers and businesses in the United Kingdom, according to a Tuesday (July 26) company blog post. VRP was introduced in 2021 and gives users the ability to authenticate once so...
Furniture, appliance and electronics retailer Aaron’s says its recent acquisition of BrandsMart U.S.A. will boosted the company’s short- and long-term fortunes, pointing to both quarterly and full year boost in sales and earnings, according to a company press release. “With the acquisition of BrandsMart U.S.A., consolidated...
