News

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

(source: pymnts.com)

Spotify Dubs 2024 ‘Year of Monetization’ as Subscribers Surge 14% in Q1
Spotify Dubs 2024 ‘Year of Monetization’ as Subscribers Surge 14% in Q1
April 23, 2024  |  Earnings

Spotify is tuned in to upbeat earnings outcomes, marking a robust beginning to its designated “year of monetization” after a standout performance in 2023 characterized...

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PayU Receives RBI Authorization to Operate as Payments Aggregator
PayU Receives RBI Authorization to Operate as Payments Aggregator
April 23, 2024  |  Aggregators

PayU has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a payments aggregator. With this approval, the digital financial services provider can...

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Apple Acquires Paris AI Startup Datakalab
Apple Acquires Paris AI Startup Datakalab
April 23, 2024  |  Apple

Apple has stepped up its foray into artificial intelligence (AI) by acquiring Datakalab, a Paris-based AI tech startup.  The acquisition, finalized on Dec. 17, was...

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JetBlue Scales Back Routes in ‘Urgent’ Effort to Restore Profitability
JetBlue Scales Back Routes in ‘Urgent’ Effort to Restore Profitability
April 23, 2024  |  Earnings

JetBlue is removing and scaling back routes as it tries to regain profitability. The air carrier on Tuesday (April 23) released earnings that showed the company reducing its...

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PSCU/Co-op Solutions Adds Amazon One to Digital Wallet Integrations
PSCU/Co-op Solutions Adds Amazon One to Digital Wallet Integrations
April 23, 2024  |  Digital Payments

PSCU/Co-op Solutions has added Amazon One to its suite of digital wallet integrations for client card issuers. This pay-by-palm solution is now available to credit unions on a pilot basis and...

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Shoppers Seek More Accessible Grocery Options From eCommerce Marketplaces
Shoppers Seek More Accessible Grocery Options From eCommerce Marketplaces
April 23, 2024  |  eCommerce

Consumers find stores’ own online grocery platforms more accessible than third-party marketplace offerings, bucking broader retail trends. Now, major players such as Amazon and DoorDash...

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Saks Launches Retail Media Network Targeting Luxury Shoppers
Saks Launches Retail Media Network Targeting Luxury Shoppers
April 23, 2024  |  Retail

Saks is now offering digital advertising to connect brands with luxury shoppers on its platform. The new Saks Media Network delivers sponsored product ads and display...

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58% of Gen Z Shoppers Prefer Debit Cards for Online Shopping 
58% of Gen Z Shoppers Prefer Debit Cards for Online Shopping 
April 23, 2024  |  eCommerce

Few things must be as frustrating to an eCommerce merchant as cart abandonment. But, as PYMNTS Intelligence found in compiling its “How Preferred Payment Availability...

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Pepsi: Snack, Soda Consumer Resiliency Drives Growth
Pepsi: Snack, Soda Consumer Resiliency Drives Growth
April 23, 2024  |  Earnings

PepsiCo is crediting its quarterly growth to resilient consumer behavior, especially on an international scale.  The soda and snack food giant on Tuesday (April 23) released...

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