News

Security & Fraud
FBI Warns Fake Crypto Apps Robbed Investors of Millions
July 19, 2022

The FBI is warning investors and financial institutions (FIs) that fraudulent cryptocurrency apps tricked 244 victims out of $42.7 million between October 2021 and May 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payment Methods
Inflation Isn’t Hurting the Payments Sector — Yet — Says Payroc CEO
July 19, 2022

We all thought (or at least hoped) that 2022 would be a very different kind of year, but we’re leaping from one crisis to the next with no relief in sight. Some are going as far as calling it “the year of catastrophe.” Others think...

Delivery
Instacart Investor Slashes Grocery Deliverer’s Valuation to $14.7B
July 18, 2022

Capital Group, an Instacart investor, has slashed the delivery firm’s valuation back to $14.7 billion, a big drop from Instacart’s own calculation of $24 billion, Bloomberg reported Monday (July 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fintech Investments
African FinTechs ‘Least Hit’ by Global Tech Funding Winter, but for How Long?
July 18, 2022

The dreaded word — recession — is increasingly being bandied about as economists sound the alarm of tough times ahead. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Delivery
UK’s Deliveroo Catches ‘Aggregator Flu’ as Consumers Rein In Spending
July 18, 2022

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 completing this form, you agree to receive marketing communications from PYMNTS and...

B2B Payments
Today in B2B Payments: Paystand Unveils Discounting App; Finance Leaders Balance Spending, Remote Employees’ Needs
July 18, 2022

Today in B2B payments, two out of five businesses say accounts payable innovation is a priority, while Prologis sees rental growth reach “unprecedented” levels. Plus, Subskribe unveils revenue recognition for SaaS companies. Get the Full Story Complete the form to unlock this article and enjoy...

Delivery
One in Six Consumers Orders Grocery Delivery Every Week
July 18, 2022

The bulk of all grocery shopping may continue to be centered on the physical store, but the share of consumers adopting online options is on the rise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Delivery
Food Delivery Businesses Tinker With Recipe for Success as Costs Skyrocket
July 18, 2022

As demand for restaurant and grocery delivery continues, businesses that rely on the channel are facing new challenges, as ongoing labor difficulties are compounded by rising food and commodities costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Klarna Launches Retail Pop-up in LA
July 18, 2022

Swedish FinTech/buy now, pay later (BNPL) provider Klarna is set to open its American retail pop-up store in Los Angeles this weekend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...