News

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

(source: pymnts.com)

Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
March 01, 2024  |  Earnings

Volkswagen Group expects its sales revenue growth to slow in 2024. The automaker said in a Friday (March 1) press release that it expects sales...

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This Week in AI: A Battle for Humanity or Profits?
This Week in AI: A Battle for Humanity or Profits?
March 01, 2024  |  artificial intelligence

There’s some in-fighting going on in the artificial intelligence (AI) world, and one prominent billionaire claims the future of the human race is at stake....

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Carvana Revises Lending Rules Amid Industry-Wide Rise in Delinquencies
Carvana Revises Lending Rules Amid Industry-Wide Rise in Delinquencies
March 01, 2024  |  Loans

Online car retailer Carvana is tightening its lending standards in response to higher delinquency rates. The company is requiring higher down payments from customers and...

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Ocado CEO: ‘It’s Amazing’ How Many eGrocers Botch the Basics
Ocado CEO: ‘It’s Amazing’ How Many eGrocers Botch the Basics
March 01, 2024  |  eCommerce

As digital merchants compete for consumers’ growing online grocery spending, Ocado Group said one of the biggest challenges to driving penetration across the industry is key players’...

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Gig Economy: Digital Platforms and Instant Payments Open New Roads to Financial Security
Gig Economy: Digital Platforms and Instant Payments Open New Roads to Financial Security
March 01, 2024  |  Gig Economy

The rise of the gig economy has transformed work for millions of individuals. From freelance creatives to ridesharing drivers, gig workers are pursuing financial independence...

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Report: Meta Rejects Partnership With Google on Virtual Reality Headsets
Report: Meta Rejects Partnership With Google on Virtual Reality Headsets
March 01, 2024  |  Big Tech

Meta reportedly turned down Google parent company Alphabet’s suggestion that the companies partner on virtual reality (VR), augmented reality (AR) and mixed reality (MR) headsets. Alphabet had suggested that...

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58% of Consumers Cut Back on Nonessentials Due to Rising Grocery Costs
58% of Consumers Cut Back on Nonessentials Due to Rising Grocery Costs
March 01, 2024  |  Economy

The rising costs of groceries continue to pressure U.S. consumers to reconsider how they shop — and what they shop for. As PYMNTS Intelligence reported last year,...

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Paying Over Time for Groceries Will Continue Amid Disposable Income Pressures
Paying Over Time for Groceries Will Continue Amid Disposable Income Pressures
March 01, 2024  |  Economy

Recent economic data from this week give ammunition to the argument that paying for groceries over time will be a long-standing trend. As noted in...

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Paytm Ends Some Inter-Company Agreements With Paytm Payments Bank
Paytm Ends Some Inter-Company Agreements With Paytm Payments Bank
March 01, 2024  |  Regulation

Indian digital payments provider Paytm has announced that it will be cutting back on its business ties with its banking affiliate, Paytm Payments Bank. The...

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