Mexico’s central bank has found that the country’s financial system remains resilient and stable despite the challenges posed by the complex global economic landscape. In a recent financial stability report, the Bank of Mexico (Banxico) highlighted the robust position of the country’s banking system, emphasizing its...
This retail season, the spotlight is on customer value, and Chewy is serving it up to its customers who foot the bill for their furry companions — also cherished customers. According to the company’s latest earnings report, Chewy exhibited strong performance during Black Friday and...
Online retail subscriptions have revolutionized the way consumers shop, providing convenience and personalized experiences that cater specifically to individual preferences and needs. This shift in shopping habits presents an opportunity for online merchants to capitalize on evolving consumer expectations by innovating with retail subscription offerings,...
Another year has nearly passed, and with it, trillions of dollars of global B2B spend. And despite the fact that a chunk of those B2B payments are still estimated to be locked up in outstanding receivables and paper-based processes, the global B2B payments market was slightly different in...
Walmart’s CEO says it’s difficult to project what the retailer’s post-holiday sales will look like. Speaking with CNBC Wednesday (Dec. 6), Doug McMillon said that higher credit card balances and reduced household budgets have called into question how much consumers will spend, despite their recent resilience. “If we...
Car IQ and Fluid Truck have joined forces to transform the way fleet drivers pay for services on the go. This collaboration will bring together Car IQ’s payment solution and Fluid Truck’s truck sharing technology, the companies said in a Wednesday (Dec. 6) press release....
As the virtual brand space goes through significant changes, delivery-focused, tech-forward pizza brand Milano Vice is bringing in funds by the millions. The Berlin-based startup shared in a LinkedIn post Wednesday (Dec. 6) that it has secured 8.3 million euros ($8.94 million) in Series A funding in...
Zoovu, an artificial intelligence (AI)-powered product discovery and eCommerce experience platform, has unveiled a generative AI solution designed to revolutionize the way consumers discover and purchase products. The new Advisor Studio aims to provide personalized and interactive buying experiences while driving greater revenue for brands, the company...
Citi has invested in payments technology company Icon Solutions as it modernizes its payments platform. The investment, made via Citi Treasury and Trade Solutions, comes as Citi also plans to expand its use of Icon’s payments framework (IPF) to improve its micro-services orchestration architecture, the banking giant said Wednesday...
