March 02, 2023
CFPB Finds Most BNPL Users Are Not Financially Distressed
BNPL users have relatively few financial safety nets in place should they run into difficulties managing their obligations. That’s an if and not a when, but borrowers are more financially...
March 02, 2023
Georgia Department Deploys ClassWallet Platform to Distribute Federal Funds
ClassWallet’s digital wallet technology platform is now being deployed in early childcare and preschool markets. Already used for state agencies, family scholarships, private schools and K-12 school districts, the platform...
March 02, 2023
Costco Leverages Prepared Food Demand to Drive Memberships Amid Inflation
Costco is drawing in customers amid inflation by meeting their demand for more affordable restaurant alternatives. On a call with analysts Thursday (March 2) discussing the members-only warehouse chain’s second...
March 02, 2023
Sam’s Club Logistics Push Gives Walmart More Firepower in Grocery...
For Walmart, omnichannel may be the way to beat Amazon in the war to stock the pantry. And Sam’s Club may be a way to get some incremental firepower in...
March 02, 2023
Instacart to Add Chatbot as Grocers Push Boundaries on Digital...
This week in grocery, Instacart taps AI as supermarkets test shoppable content and new formats. OpenAI, creator of artificial intelligence (AI) chatbot ChatGPT, announced Wednesday (March 1) that developers are...
March 02, 2023
BNPL’s Consistent Market Share Underpins Installment Plans’ Staying Power
Data demonstrates that any rumors of the installment plan’s demise may have been greatly exaggerated. By most accounts, buy now, pay later (BNPL) and similar installment plans are having their...
March 02, 2023
Kroger Gains Share From Restaurants as Consumers Rethink Food Spending
Kroger is leveraging consumers’ inflation anxieties to capture spending that would otherwise go to restaurants. The nation’s leading pure-play grocer said on a call with analysts Thursday (March 2) discussing...
March 02, 2023
Big Lots CEO Says Higher-Earners Turn to Big Lots for...
Off-price and discount retailers are responding to an increasingly clear divide between deal chasers compared to other bargain shoppers as the opportunistic value-seeking trend has become more defined. This dynamic...
March 02, 2023
B2B Payments Go Digital — or Go to Die
Once businesses go digital, they don’t go back. After all, the future only moves in one direction. That’s according to Luke Trayfoot, chief revenue officer of online marketplace payment technology...
The U.S., U.K. and Europe are intensifying their efforts to develop and deploy the policies and infrastructure necessary to advance the use cases and real time payments volume of their domestic networks. This month’s “Real-Time Payments World Map,” a collaboration with The Clearing House, explores the progress and future developments of real-time payments across these regions.
The United Arab Emirates boasts a robust digital market, with 89% of retail shoppers leveraging digital tools in physical stores and the second highest ranking in customer satisfaction among the six countries studied. A new 31-page PYMNTS Intelligence report, “2024 Global Digital Shopping Index: UAE Edition,” commissioned by Visa Acceptance Solutions, examines the state of digital shopping in this country where merchants are challenged to keep pace with shopper’s digital needs.