News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money’
PDD Holdings Revenue Doubles as Consumers Seek ‘Value for Money’
March 20, 2024  |  Earnings

PDD Holdings, the multinational commerce group that owns and operates shopping platforms Pinduoduo and Temu, saw its revenue double year-over-year as consumers sought “value for money.”...

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Ethereum Foundation Faces Investigation by Undisclosed ‘State Authority’
Ethereum Foundation Faces Investigation by Undisclosed ‘State Authority’
March 20, 2024  |  Regulation

The Ethereum Foundation, a Swiss nonprofit at the heart of the Ethereum ecosystem, is reportedly under investigation by an undisclosed “state authority.” The investigation was disclosed...

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AutoSettle Launches Car-Buying Platform in Australia
AutoSettle Launches Car-Buying Platform in Australia
March 20, 2024  |  eCommerce

FinTech startup AutoSettle launched a platform to improve the vehicle-buying process in Australia. The platform is the world’s first virtual settlement exchange for cars and offers instant and...

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Tracking Big Tech’s Responses to the EU’s DMA Gatekeeper Requirements
Tracking Big Tech’s Responses to the EU’s DMA Gatekeeper Requirements
March 20, 2024  |  Regulation

Under the EU’s Digital Market Act (DMA), which is intended to increase competition in the digital economy, Big Tech innovations — coming from both the...

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AffiniPay Fee Lending Solution for Legal Industry Processes $125 Million
AffiniPay Fee Lending Solution for Legal Industry Processes $125 Million
March 20, 2024  |  Loans

AffiniPay has announced that its fee lending solution for the legal industry, Pay Later, has processed over $125 million in legal fees since its launch...

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Boulevard Launches Flexible Funding Offering for Salons and Spas
Boulevard Launches Flexible Funding Offering for Salons and Spas
March 20, 2024  |  Loans

Boulevard has added a new capital program to its client experience platform for self-care businesses like salons, barber shops, spas and med spas. The new...

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PayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
PayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
March 20, 2024  |  Investments

NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures. The company will use the capital to strengthen...

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Aviation’s Digital Transformation Aims for a Connected Future
Aviation’s Digital Transformation Aims for a Connected Future
March 20, 2024  |  Travel Payments

The aviation industry stands on the cusp of a significant transformation, driven by the widespread adoption of digital technologies. From booking flights to managing operations...

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Consumers Demand More Guidance From Jewelers Amid Budgetary Pressures
Consumers Demand More Guidance From Jewelers Amid Budgetary Pressures
March 20, 2024  |  Retail

As financial pressures prompt consumers to make difficult decisions about what they can afford when it comes to luxuries such as diamonds, Signet Jewelers is seeing increased...

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