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PayPal’s Xoom Makes Remittance Deal With Euronet’s Ria

PYMNTS

PayPal has increased its foothold in Eastern Europe and Africa, and has boosted its presence in the global remittance market, through a new partnership agreement. Customers using Xoom can now go online or use mobile devices to send money to 70 percent of countries around the world via this deal. through 2028.

US 178
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How FashionPass Is Innovating Clothing Rentals

PYMNTS

The clothing rental market in the United States is projected to reach $4.4 billion by 2028 and millennial women are leading the charge, according to Brittany Johnson, CEO and co-founder of online subscription-based clothing service FashionPass.

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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. There are also digital price tags for every item, and Prime members can pay the discounted online price for their selections at the store. The used-fashion market in the U.S.

Retail 109
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Who’ll Win When Facebook Advertisers Flee?

PYMNTS

Procter & Gamble made headlines last week when its Chief Brand Officer, Marc Pritchard, confirmed that the world’s largest advertiser cut $200 million of digital advertising spend in the last nine months of 2017. In the face of the big brand digital ad spending backlash, it seems now big brands are thinking that way too.

Google 123
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Fashion Forward: How Tech Is Targeting Waste & Pollution In The $2.4T Fashion Industry

CB Insights

Even luxury brands are contributing to this problem. In this report, we examine how fashion brands are leveraging technology to make clothing production and consumption more sustainable, from the use of plant-based textiles and bacteria-based dyes to leveraging a blockchain-based supply chain to increase transparency.