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Today In Payments: PNC Advances $11.6B BBVA Purchase Deal; US Economic Forecasts Grim Amid Escalating COVID-19

PYMNTS

US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus. DoorDash IPO Filing Shows Expansion Plans Beyond Food. The all-cash deal gives PNC the U.S.

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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

PYMNTS

Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25 The company, which went public six months ago and raised $1.6

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The Future Of Buy Now, Pay Later And eCommerce In Retail

PYMNTS

Consumers want to invest in high-end items and home improvement projects to enhance their surroundings even amid economic concerns. 15,000: Minimum count of merchants or brands that are offering or plan to offer BNPL. 9M: Number of customers Afterpay has attracted since its U.S. And the dramatic consumer shift to Digital 3.0

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New Main Street Business Plans Restart Optimism In Post-COVID Picture

PYMNTS

During this period of economic recession and job loss, reopening and reinvention, with new infection hotspots popping up weekly, starting a new business sounds somewhere between slightly iffy and totally bonkers. Each has a slightly different take on new retail and ecommerce shopping and payments experiences. Census Bureau.

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Deep Dive: Pandemic Boosts Demand For In-Store And eCommerce BNPL Options

PYMNTS

The pandemic-related economic downturn is making consumers wary of payment methods that can worsen their debts. users within a 10-week span, for example, marking a 30 percent to 40 percent increase in the number of clients added weekly compared to January and February totals. Payment plans are commonly used in the U.K.

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eCommerce, Delivery Firms Turn Attention To Supply Chain, Logistics

PYMNTS

As eCommerce and delivery companies fight an increasingly tough battle to streamline costs and compete for customers, a number of firms are moving to take control over logistics and distribution, as the cost savings and efficiencies can help accelerate growth and lower the expense of making final delivery to the customer. and Canada.

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Some Restaurants Opt For A Long Winter’s Nap

PYMNTS

5 that, “The number of consumers who report missing the physical store shopping experience have dropped by 20 percent since April. PYMNTS found that close to 77 percent of those shopping less in physical stores plan to do so at least "somewhat less often" than before, per the report. Keep One Eye Open With eCommerce.