News

Investments
CoreWeave to Invest in AI Platform Chai
January 04, 2024

Specialized graphics processing unit cloud provider CoreWeave will invest in social artificial intelligence platform Chai. 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,...

Investments
Exponent Founders Capital to Invest $75 Million in Early-Stage Companies
January 04, 2024

Early-stage venture capital (VC) firm Exponent Founders Capital has launched and disclosed that it has raised $125 million to date. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Adobe: Online Holiday Sales Reached Record $222 Billion in 2023
January 04, 2024

Online sales reached a new record in 2023, thanks in part to buy now, pay later options. 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...

Retail
Walmart Debuts ‘Immersive’ Commerce Offering in 3D Games
January 04, 2024

Walmart launched an “immersive commerce” partnership with 3D technology firm Unity. 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,...

eCommerce
7 in 10 Main Street SMBs Use the Same eCommerce Platforms
January 04, 2024

An online presence is a must for any business today, and online sales require a platform that allows consumers to have an easy, quick and reliable shopping experience. But building your own platform is expensive and takes time, making it impossible for many small and...

Cross-border Payments
Unlocking Trapped Liquidity Is Holy Grail for Cross-Border B2B Payments
January 04, 2024

Taking the friction out of cross-border payments is fundamental to spurring global growth.  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....

Investments
Bumper Raises $48 Million to Expand BNPL for Car Repair
January 04, 2024

Bumper, a FinTech that lets customers fund car repairs in installments, raised $48 million. 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...

Loyalty & Rewards
Visa Debuts Web3-Centric Loyalty Rewards
January 04, 2024

Visa has introduced a rewards program designed to connect with consumers in virtual spaces. 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....

Retail
What Retailers Are Doing to Make Returns Less Annoying 
January 04, 2024

Many (79% of shoppers under 30 to be exact) find returns to be a cumbersome undertaking. Consequently, brands and retailers are implementing seamless return procedures to create a pleasant customer experience. This approach is crucial as the holiday return season is underway.  Get the Full...