Category: Retail

October 17, 2023

Bitcoin continues to trade above $28,000 on Tuesday, maintaining its position near a two-month high. The cryptocurrency’s resilience is attributed to an unexpected 0.7% rise in U.S. retail sales for September. After a dip from Monday’s peak of $30,000 to […]

October 16, 2023

Everything is changing – fast. Economies are being buffeted by macroeconomic headwinds and rocked by geopolitical shocks. Customers are making different demands, societies are shifting unpredictably, and technological disruption is creating new competitors that are posing a potentially serious challenge […]

October 13, 2023

“We’re still in the early innings” of embedded payments, Hersh Mansukhani, vice president of platforms and embedded payments at Fiserv, told PYMNTS’ Karen Webster. “The platformization of the world is occurring, and software is getting into places where it never […]

October 10, 2023

UK-based retail banking company Lloyds Bank has developed a digital trading solution that aims to support businesses to transact more efficiently. The new solution allows clients to request digital Direct Guarantees or Standby Letters of Credit, aiming to help them […]

August 31, 2023

Existing investors Creandum, 10x Founders and Angel Invest also took part in the round, alongside a number of angel investors. According to TechCrunch, the Series A took place at a valuation of around $80 million to $90 million, and follows […]

August 16, 2023

Fiserv’s findings align somewhat with the U.S. Department of Commerce’s analysis released Tuesday. Excluding food, auto and fuel purchases, overall retail sales rose 5% in July year-over-year. The federal department also reported an 8% decline in furniture and home-related purchases. […]

July 20, 2023

On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that […]

July 12, 2023

The partnership seeks to provide new flexibility for onboard sales and to boost the inflight retail experience for Southwest Airlines’ customers. According to the official press release, most.Onthego aims to combine product management, payment hardware solutions, and payment processing capabilities […]

July 10, 2023

For this survey, the Bank of International Settlements (BIS) surveyed 86 central banks. According to the findings, 93% of them are currently working on their own CBDCs, with major jurisdictions such as India, the UK and the European Union all […]

June 26, 2023

Leveraging the latest technology has become more critical than ever in today’s fast-paced and competitive retail environment. Big Data Analytics and AI are at the forefront of this technological revolution, offering unprecedented opportunities for retailer agencies and agents to optimize […]

June 23, 2023

U.S. retail bank customers have been through the ringer during the past few years. Inflation, market volatility and rising interest rates have contributed to increased prices for goods and services, leaving 69% of customers classified as financially unhealthy.1 According to […]

June 1, 2023

PwC India has released a report which highlights that UPI is projected to dominate retail digital payments in India, accounting for 90% of transactions until 2027. Unified Payments Interface (UPI) transactions are expected to continue growing steadily, reaching a milestone […]

May 25, 2023

The Bank for International Settlements (BIS) and a group of central banks have published a paper detailing their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The new publication is the fifth from the same authors. The […]

April 28, 2023

In a lawsuit filed in the US District Court for the Southern District of New York, Walmart alleges Capital One failed to meet several contractual obligations and customer service standards. The retail giant alleges Capital One did not meet customer […]

March 14, 2023

The firm says there is a “commensurate need” for solutions that cater to a range of client workflows and trading, including across fixed-income asset classes, as electronic trading volumes in rates and credit markets grow. The acquisition will enable Bloomberg […]

March 8, 2023

Personalisation has been the biggest challenge for fintechs over the past few years. Organisations that have failed to change their offerings to accommodate this demand have fallen by the wayside. As time continues, it does not appear that this is […]

March 7, 2023

The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. However, it appears that even though VCs are proceeding more cautiously than before and taking their time […]

March 6, 2023

The deadline for nominations is Friday 17 March, so there’s now less than two weeks left to submit. The PayTech Awards offers categories for banks, financial and payment institutions, technology services, software providers, teams and individuals to enter. The sixth […]

March 3, 2023

Dogs Trust, one of the UK’s largest animal welfare charities, has launched a debit card in partnership with Currensea. It lets supporters donate to charity whenever they spend in the UK or abroad. It is the latest charity partner to […]

February 24, 2023

Cryptocurrency exchange Binance has partnered with France-based paytech Ingenico to enable in-store payments in France. The partnership includes the launc of a pilot programme that accepts more than 50 cryptocurrencies and will be available only on Ingenico Axium payment terminals […]