In a letter to prospective investors, Uber fessed up to generating $470 million in operating losses on $415 million in revenue, Bloomberg reported Monday (June 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Pinterest, having launched buyable Pins in early June, said Tuesday (June 30) that the service — through which users can buy products they see online through the site — is now available to U.S. iPhone and iPad users. Get the Full Story Complete the form to unlock...
Alibaba and KFC China just partnered to allow KFC customers to pay by scanning bar codes using Alipay’s smartphone app, reports the Financial Times. KFC follows in the steps of Walmart and Carrefour which each began accepting Alipay in 2015. With 5,000 restaurants across 900 cities, KFC is the largest food...
How much do smartphone users care about wearables? Apple, Google and Samsung hope a ton, and they are pulling out all of the stops to not only get consumers to buy, keep and use them but also use them to make payments. Get the Full Story...
Alibaba is said to be in advanced negotiations to invest in the Indian mobile payments processor Paytm, Reuters reported yesterday (June 30). The amount discussed would be around $600 million, according to undisclosed sources. Get the Full Story Complete the form to unlock this article and enjoy...
A mobile service provider has expanded its way into the international payments space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
As more and more consumers stay connected to their smartphones, the same addiction seems to be translating to mobile banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Velocity, a lifestyle app enabling restaurant diners to pay and earn rewards right from their mobile devices, secured one of the largest Series A funding rounds for a U.K.-based company yesterday (June 29) when it closed $12 million from an international group of angel investors....
Online grocery delivery service Instacart has debuted a feature on its site that asks its users to share personal data with retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
