FinTechs can be valuable allies in times of crisis. “Whenever there’s a local event, there can be a ripple effect around the world,” James Allum, senior vice president and regional head of Europe at Payoneer, told PYMNTS in an interview. That isn’t surprising. We’re all...
Today in food commerce, Chipotle enables real food purchases with Roblox currency, while Wade Allen of Brinker International talks drone delivery with PYMNTS. Plus, PYMNTS data reveal that restaurants are optimistic about 2022. Restaurant Brands Open Virtual Storefronts to Appeal to Gen Z Consumers Chipotle...
Today in food commerce, PYMNTS data reveal how consumers’ food ordering behaviors vary by region, while coffee company Westrock Coffee gears up to go public via a special purpose acquisition company (SPAC). Plus, a London-based FoodTech startup brings in millions of dollars in seed funding...
The White House promised 180 million barrels of emergency oil towards addressing the crisis of energy supply. But that hasn’t translated into American drivers cutting consumption, the Financial Times said. U.S. oil use this year has averaged around 21 million barrels a day just in the past...
Today in food commerce, Amazon touts its food and beverage subscription box offerings, and Chipotle Mexican Grill tests out radio-frequency identification (RFID) technology. Plus, smaller restaurant brands struggle with the challenges posed by inflation. Amazon Leverages Subscription Services to Narrow Walmart’s Food Lead As Amazon...
Today in food commerce, Wendy’s gets ready to open a metaverse location, and Dunkin’ announces a collaboration with cosmetics brand e.l.f. Plus, Kroger boosts its eCommerce ad offerings. Wendy’s Announces VR Location as QSRs Race for Metaverse Primacy After 2020 and 2021 saw the rapid...
As food costs continue to rise at an alarming rate, grocers are forced to choose between absorbing the cost, seeing their already narrow margins become even thinner, and passing the cost onto consumers, disincentivizing purchases and potentially losing customers. As such, it is becoming even...
Dutch payments group Adyen on Wednesday (March 30) launched a suite of embedded financial products that will allow platforms and marketplaces to create tailored financial experiences for their users, including small business owners and individual merchants. According to a company press release, Adyen’s embedded financial...
Today in food commerce, DoorDash announces an integration with Wix to enable fulfillment through restaurants’ websites, while a pizza chain tests out artificial intelligence (AI) voice ordering at 50 stores. Plus, American Express President of U.S. Merchant Services Colleen Taylor speaks with PYMNTS about the...
