News

Faster Payments
Instant Payments Help New Payments Ecosystems Blossom
November 28, 2022

Faster payments take center stage this coming year, as FedNow, the U.S.-based instant payments network, gets up and running. 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...

B2B Payments
Pax2pay Debuts Accounts Payable Solution for Travel Industry
November 27, 2022

Digital payments company Pax2pay is making its travel payments tools more efficient for businesses through a new business accounts payable platform to optimize travel invoicing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cross-border Payments
GlobeTopper Partners With Knox Wire on B2B Cross-Border Payouts
November 27, 2022

B2B gift card concierge firm GlobeTopper has launched a partnership with payment processor Knox Wire to power instant cross-border payouts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

eCommerce
DHLink Teams With Shopline Logistics to Improve Cross-Border eCommerce
November 27, 2022

Logistics firms DHLink and Shopline have formed a partnership designed to solve logistical issues in eCommerce. 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...

Investments
Applied AI Company Raises $42M to Expand in US
November 27, 2022

Machine learning (ML) firm Applied AI Company (AAICO) has secured $42 million in funding to help companies in Europe and the U.S. reduce their reliance on manual business processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

eCommerce
TikTok Turns to Third Parties to Boost Lagging eCommerce
November 27, 2022

To further expand and improve its new eCommerce platform, social media company TikTok is bringing in tech startups with experience in optimizing digital commerce platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Report: Tiger Global Sees $42B Decline in Assets
November 27, 2022

Tech investor Tiger Global Management has reportedly slashed the value of its private funds by nearly 25% this year, leading to one of the industry’s largest-ever declines in assets at $42 billion. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Paytm Must Reapply for Digital Banking Payments License in India
November 27, 2022

In an effort to make sure digital payment transactions are regulated in India, the country’s reserve bank has issued a request for digital payments banking platform Paytm Payments Bank to reapply for its license to operate in India. Get the Full Story Complete the form...

Retail
Mastercard: Black Friday Spending Up 12% Despite Inflation
November 27, 2022

In spite of inflation, American consumers spent the day of Thanksgiving shopping — both online and off — and dining out, leading to double-digit sales growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...