News

International
US and Allies Guarantee Tax-Free Streaming and Software Downloads
May 07, 2026

Nineteen countries, including the United States, have announced an agreement to not impose duties on cross-border electronic transmissions such as streaming music or films and software downloads among themselves, Reuters reported Thursday (May 7). Get the Full Story Complete the form to unlock this article...

Investments
Fazeshift Secures $22 Million to Automate Accounts Receivable Workflows
May 07, 2026

San Francisco-based artificial intelligence (AI) startup Fazeshift has secured $17 million in Series A funding to automate accounts receivable (AR) and other financial tasks, bringing its total capital raised to $22 million, according to a Thursday (May 7) press release. Get the Full Story Complete...

Banking
Citi Rebuilds Cards Around Affluent Customers and AI
May 07, 2026

Citi’s Thursday (May 7)  Investor Day presentation sketched out a bank betting on a technology-driven growth strategy, with executives demonstrating that artificial intelligence (AI) is now moving from back-office experimentation into a core operating layer across cards, payments, wealth management and consumer banking. Get the...

Fintech Investments
Kalshi Reaches $22 Billion Valuation Amid Increasing Institutional Demand
May 07, 2026

Kalshi completed a $1 billion Series F funding round that values the prediction market platform at $22 billion, according to a Thursday (May 7) company blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cross-border Payments
Overcharged and Underserved: Remitly’s New CEO Sees a Big Opening in Cross-Border Payments
May 07, 2026

Watch more: Need to Know With Remitly’s Sebastian Gunningham Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

B2B Payments
Mastercard Pushes Virtual Cards Beyond Payables
May 07, 2026

In a business environment defined by uncertainty, financial control is no longer just something appealing operationally. It is becoming a measurable competitive advantage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Social Commerce
Snap and Perplexity Cancel AI Integration Plans
May 06, 2026

Snap and Perplexity said Wednesday (May 6) that they amicably ended a partnership that would have integrated Perplexity’s artificial intelligence-powered answer engine into Snap’s Snapchat social media platform, The Wall Street Journal (WSJ) reported Wednesday. Get the Full Story Complete the form to unlock this...

Delivery
DoorDash Grocery Growth Fuels 37% Marketplace Sales Jump
May 06, 2026

DoorDash used its first-quarter earnings call to press the same argument it made in Q4. The next leg of competition in local commerce runs through whoever delivers the best end-to-end experience. CEO Tony Xu said customers judge platforms on whether they got the exact item...

eCommerce
Pattern’s Non-Amazon Sales Surge 119% on TikTok and Walmart Growth
May 06, 2026

As artificial intelligence-powered shopping tools and social commerce platforms redraw online retail, Pattern Group executives said they are positioning the company at the center of that shift as its partner brands look to grow sales online. Get the Full Story Complete the form to unlock...