Remove news
article thumbnail

Deep Dive: Buy Now, Exercise Now, Pay Later

PYMNTS

Exercise can help individuals maintain both their physical and mental health, and there are myriad options available for fitness beginners and enthusiasts alike. Millennials could be the most fitness-oriented generation the world has seen, with 76 percent of them reporting that they exercise at least once a week.

Exercises 141
article thumbnail

Peloton To Introduce Lower-Priced Treadmill, Higher-Priced Exercise Bike

PYMNTS

Bloomberg reports the New York-based manufacturer is preparing to launch Tread, a less expensive version to be priced at less than $3,000. Sources told the news service while the startup offers the cheaper treadmill, it will introduce a more expensive stationary exercise bike and cut the price of its existing bike.

Exercises 151
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle

PYMNTS

Peloton’s stock price doubled on that news. As PYMNTS reported in early July, the ongoing consumer lockdown led connected-bike company Peloton to register $524.6 million in Q1 sales, which marked a 66 percent year-over-year increase.

Exercises 206
article thumbnail

SoulCycle To Debut Home Exercise Bike To Compete With Peloton

PYMNTS

SoulCycle is gearing up to release its own at-home bike that could compete with rival Peloton, after teasing the product last summer, according to reports. The fitness company’s product looks similar to Peloton’s, with on-demand cycling classes that can be streamed through a monthly contract with the Variis platform.

Exercises 150
article thumbnail

Open Banking Adoption, Subscription Features, Wirecard North America Up For Sale Top This Week’s News

PYMNTS

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives on open banking adoption, subscription features, and news that Wirecard North America Inc. New U.S. is up for sale. Wirecard North America Inc.,

America 247
article thumbnail

Tonal Seeks More Funding To Produce $3K Home Workout Stations

PYMNTS

San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. As PYMNTS has reported , the pandemic has created new opportunities for the exercise equipment industry.

Exercises 233
article thumbnail

Top News In Payments: Stripe Rolls Out Stripe Capital; Cards Generate $6.13T In Spending

PYMNTS

Today in the payments news roundup, Stripe launched Stripe Capital to simplify the way internet companies can access funds. Payments and Peloton’s Plans to Go “Beyond the Bike” Peloton combines its own hardware, software and subscription model to try and win over exercise-minded consumers. generated $6.13

Capital 128