India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
June 01, 2023  |  Real-Time Payments

India’s monthly Unified Payments Interface (UPI) transaction count has topped 9 billion in a single month. The real-time payments system’s transaction count hit 9.41 billion in May,...

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IHOP Reportedly Shuttering Fast-Casual Concept as Consumers Seek Value
IHOP Reportedly Shuttering Fast-Casual Concept as Consumers Seek Value
June 01, 2023  |  Restaurant innovation

IHOP is reportedly shutting down its test of fast-casual concept Flip’d as restaurant customers increasingly seek out hospitality on the one end and low prices...

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Weavr and Visa Team on Embedded Finance for SaaS Firms
Weavr and Visa Team on Embedded Finance for SaaS Firms
June 01, 2023  |  B2B Payments

Embedded finance startup Weavr has teamed with Visa in the B2B Software-as-a-Service (SaaS) space. The partnership, announced Thursday (June 1), is aimed at speeding the...

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SVB Securities Sale Attracts Solitary Bidder
SVB Securities Sale Attracts Solitary Bidder
June 01, 2023  |  Acquisitions

Silicon Valley Bank’s former parent has reportedly drummed up little interest in its investment business. “At this time, there is one bid that is currently...

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Credit Cards vs BNPL: A Matter of Shifting Shopper Demographics
Credit Cards vs BNPL: A Matter of Shifting Shopper Demographics
June 01, 2023  |  Payment Methods

Access to credit, the value of credit in managing personal finances, and fear of debt are all coming into play at a time when over...

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Layoffs Rise 20% in May Led by Technology and Retail
Layoffs Rise 20% in May Led by Technology and Retail
June 01, 2023  |  Economy

There were 80,089 job cuts announced by United States-based employers in May, with the technology sector being hardest hit. The total number of job cuts announced in...

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Telos and GameStop Team to Bring Web3 Gaming Mainstream
Telos and GameStop Team to Bring Web3 Gaming Mainstream
June 01, 2023  |  Retail

The Telos Foundation has teamed with GameStop to help mainstream Web3-based gaming. The collaboration lets the Telos blockchain access game distribution through GameStop Playr, the...

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eBay Deepens Luxury Push With Streetwear Authentication
eBay Deepens Luxury Push With Streetwear Authentication
June 01, 2023  |  Retail

eBay has begun authenticating streetwear as part of its push into the luxury market. Beginning Thursday (June 1), the online marketplace will include streetwear along...

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Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
June 01, 2023  |  Retail

In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven...

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