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 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 is selling its 50