Top News In Payments: Bleak Outlook For Department Stores; SoftBank Parts With Startup Wag

Top News In Payments: Bleak Outlook For Department Stores; SoftBank Parts With Startup Wag

In today’s top payments news, Moody’s predicts department stores will be “among the worst performers of retail” in 2020. Also, SoftBank sells back its 50 percent stake in Wag, and Visa direct partners with TransferWise to bring real-time push payments to a global level.

Moody’s Predicts Bleak Outlook For Department Stores

Moody’s and Goldman Sachs predict a weak outlook for department stores. Moody’s anticipates that department stores will be “among the worst performers of retail” in 2020, as consumers look to stores that offer better sales and discounts.

SoftBank Parts Ways With Dog-Walking Startup Wag

SoftBank is selling its 50