News

Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
Retail
Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
May 25, 2023

Costco’s comparable sales growth has slowed as consumers reduce their purchases of discretionary items. 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...

FinTech IPO Index Slips 2.4% as OneConnect, Lufax Decline After Earnings Reports 
Fintech Investments
FinTech IPO Index Slips 2.4% as OneConnect, Lufax Decline After Earnings Reports 
May 25, 2023

The last of the earnings reports are trickling in across the FinTech IPO Index, with more decliners than gainers, which in turn helped send the index down 2.4% for the week. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Report: Chanel Sees Slowdown in Luxury Sector Sales in US
Retail
Report: Chanel Sees Slowdown in Luxury Sector Sales in US
May 25, 2023

Chanel has reportedly seen a slowdown in the United States. 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 this form,...

Sastrify Raises $32 Million to Tackle ‘SaaS Sprawl’
Investments
Sastrify Raises $32 Million to Tackle ‘SaaS Sprawl’
May 25, 2023

Procurement platform Sastrify has raised $32 million to help companies avoid overspending on software. 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...

Money Transfer Firm Instant Cash Receives License From UAE Central Bank
Mobile Payments
Money Transfer Firm Instant Cash Receives License From UAE Central Bank
May 25, 2023

Instant Cash has received a license from the Central Bank of the United Arab Emirates (CBUAE). 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...

Frozen Food Drives Sales at Discount Stores as Consumers Seek Easy Meals
Retail
Frozen Food Drives Sales at Discount Stores as Consumers Seek Easy Meals
May 25, 2023

Consumers’ demand for more affordable quick meal solutions is sending them running to the freezer aisle, Dollar Tree CEO Rick Dreiling notes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Digital Wallets and Networks Shake Up the $630 Billion Global Remittance Market
Payment Methods
Digital Wallets and Networks Shake Up the $630 Billion Global Remittance Market
May 25, 2023

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 this form, you agree to receive marketing communications from PYMNTS and...

Pesto Raises $11 Million and Launches Asset-Backed Credit Card
Investments
Pesto Raises $11 Million and Launches Asset-Backed Credit Card
May 25, 2023

Pesto has raised $11 million and launched an asset-backed credit card. 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 this...

Klaviyo Adds Buy With Prime to Marketing Platform
Payment Methods
Klaviyo Adds Buy With Prime to Marketing Platform
May 25, 2023

Marketing automation platform Klaviyo has launched an integration with Amazon’s Buy With Prime. 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 this...