News

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

Source: pymnts.com

Automotive eCommerce Firm AutoFi Closes $85M in Financing to Accelerate Growth

Automotive eCommerce Firm AutoFi Closes $85M in Financing to Accelerate Growth
Automotive eCommerce Firm AutoFi Closes $85M in Financing to Accelerate Growth
March 07, 2022  |  Investments

AutoFi, a San Francisco-based eCommerce platform for online car sales and financing, has closed $85 million in funding, valuing the company at nearly $700 million,...

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South Korean IPO Pipeline Disappears as Market Conditions Slip
South Korean IPO Pipeline Disappears as Market Conditions Slip
March 07, 2022  |  IPO

Poor market conditions in South Korea have led companies to suspend initial public offerings (IPOs), according to Pulse, a Korean news service. Get the Full...

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Walmart to Import British Cosmetic Kiosk Concept ‘Beauty Space’ to US Stores
Walmart to Import British Cosmetic Kiosk Concept ‘Beauty Space’ to US Stores
March 07, 2022  |  Retail

Walmart has joined forces with British retailer Space NK to bring “prestige beauty products” to its website and nearly 250 of its stores this summer....

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UAE BNPL Tabby Raises $54M in Series B Funding Round
UAE BNPL Tabby Raises $54M in Series B Funding Round
March 07, 2022  |  Investments

Buy now, pay later (BNPL) startup for Saudi Arabia and the UAE Tabby raised $54 million in a Series B funding round led by Sequoia...

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Bed Bath & Beyond Soars as Activist Investor Ryan Cohen Pivots From GameStop to Housewares
Bed Bath & Beyond Soars as Activist Investor Ryan Cohen Pivots From GameStop to Housewares
March 07, 2022  |  Retail

Bed Bath & Beyond saw it stock rally in pre-market trading early Monday (March 7), jumping 75% following the news that activist investor Ryan Cohen was...

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Retailers Face Brand New Competitor: Gas Prices
Retailers Face Brand New Competitor: Gas Prices
March 07, 2022  |  Retail

Having endured two years of COVID, waves of lockdowns, a mash-up of mask mandates, sporadic business restrictions, extensive wage and labor challenges and more, the...

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Exquisito Perú on Serving Latin American Travelers’ Growing Digital Payment Needs
Exquisito Perú on Serving Latin American Travelers’ Growing Digital Payment Needs
March 07, 2022  |  Latin America

Latin American consumers are ready to tour and travel once again, only now they insist on taking digital and mobile payments along for the ride....

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Samsung Source Code, Corporate Data Stolen in Breach 
Samsung Source Code, Corporate Data Stolen in Breach 
March 07, 2022  |  Cybersecurity

A breach at Samsung Electronics exposed source code for its Galaxy smartphones as well as internal company data — but no personal information was stolen,...

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Future of Money Author Eswar Prasad Says Blockchain Will Transform Finance
Future of Money Author Eswar Prasad Says Blockchain Will Transform Finance
March 07, 2022  |  Blockchain

Given the dramatic changes in the world’s financial systems —cryptocurrencies, stablecoins, central bank digital currencies (CBDCs) and FinTechs — one could think it’s impossible to...

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