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

Source: pymnts.com

Kenyan Central Bank Blocks FinTechs Flutterwave, Chipper

Kenyan Central Bank Blocks FinTechs Flutterwave, Chipper
Kenyan Central Bank Blocks FinTechs Flutterwave, Chipper
July 29, 2022  |  emea

The Central Bank of Kenya issued a letter on Friday (July 29) directing banking and mortgage CEOs to cease transactions with Kenyan FinTechs Flutterwave Payments...

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12% of Consumers Reported Payment Declines in June
12% of Consumers Reported Payment Declines in June
July 29, 2022  |  Digital Payments

About 1 in 10 consumers experienced fraud or had their payments declined in the last month, according to “Digital Economy Payments,” a PYMNTS report based...

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Instacart Brings Limited-Edition Clothing Line to NTWRK Livestream App
Instacart Brings Limited-Edition Clothing Line to NTWRK Livestream App
July 29, 2022  |  Retail

Instagram is teaming with streetwear fashion designer Anwar Carrots on a limited-edition clothing line available exclusively through the NTWRK livestream shopping app starting at 11:30...

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Consumer Spending Surges as Inflation Eats Away at Household Budgets
Consumer Spending Surges as Inflation Eats Away at Household Budgets
July 29, 2022  |  Economy

Consumer spending climbed 1.1% in June with higher fuel and food costs amid 40-year record high inflation that is continuing to eat away at paychecks...

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Buyer Payments Preferences Create Reconciliation Hassles for Medical Suppliers
Buyer Payments Preferences Create Reconciliation Hassles for Medical Suppliers
July 29, 2022  |  B2B Payments

The healthcare industry lags others in payments digitization, especially when it comes to the procurement of bulk medical supplies and equipment. Get the Full Story...

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Report: FTC Staff Objected to Chair’s Decision to Sue Meta
Report: FTC Staff Objected to Chair’s Decision to Sue Meta
July 29, 2022  |  Legal

The head of the Federal Trade Commission (FTC) reportedly led a vote to sue Meta Platforms earlier this week over the objections of the commission’s...

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FDIC’s Warning to Voyager Spotlights Broader Concerns about Insuring Crypto
FDIC’s Warning to Voyager Spotlights Broader Concerns about Insuring Crypto
July 29, 2022  |  Cryptocurrency

The Federal Deposit Insurance Corporation (FDIC) just issued bankrupt crypto lender Voyager Digital a stern warning to stop “making false or misleading representations” implying that...

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Meta Pulls Payments Plug on News Outlets Publishing on Facebook
Meta Pulls Payments Plug on News Outlets Publishing on Facebook
July 29, 2022  |  Facebook

Meta is phasing out exclusive deals with news publishers on Facebook that will cost some outlets tens of millions of dollars as the social media...

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EMEA eCommerce Weekly: Fulfillment Tech Keeps eCommerce Moving
EMEA eCommerce Weekly: Fulfillment Tech Keeps eCommerce Moving
July 29, 2022  |  emea

Having risen steadily for years, eCommerce growth experienced a marked acceleration during the COVID-19 pandemic. This week in Europe, the Middle East and Africa, there...

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