News

Regulation
FCA Warning of ‘Misleading’ Ads Stirs Debate About UK BNPL Regulation, Consumer Protections
August 21, 2022

The buy now, pay later (BNPL) industry has once again drawn the ire of U.K. regulators. 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...

B2B Payments
Today in B2B Payments: 3 B2B Platforms Expand to Better Serve Markets
August 19, 2022

Today in B2B payments, three B2B platforms, Omnibiz, CBC24 and Shoptreo, are expanding to meet the needs of the buyers and sellers they serve. Plus, payments and financing startup BlueTape has raised $55 million to help it provide financing and payments services to companies in...

CFPB
Block ‘Disappointed’ After CFPB Said It Slow-Rolled Cash App Probe
August 19, 2022

A Block spokesperson told PYMNTS Friday (Aug. 19) that the company is “disappointed” that the Consumer Financial Protection Bureau (CFPB) has filed a petition for a federal judge to force it to comply with the bureau’s investigation into Block’s Cash App tool. Get the Full...

Delivery
DoorDash, Walmart Sever Delivery Deal
August 19, 2022

DoorDash and Walmart are severing their on-demand grocery delivery partnership, an ongoing deal since 2018 that was initially signed for the Atlanta metro area. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Banking
Data Brief: 60% of Consumers With 4 or More Cards Say Bundled Banking Simplifies
August 19, 2022

Over the past 10 years or so as FinTechs came to dominate payments innovation disintermediation was the ticket, breaking out individual banking functions and building financial products with a singular focus. Now, it’s getting too cluttered for many consumers. Get the Full Story Complete the...

Banking
Standard Bank Looks to Expand Amid Rising Competition in South Africa
August 19, 2022

South Africa’s largest lender wants to use its position to expand its business banking services amid increasing competition. 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...

Fintech Investments
Report: Singapore FinTech FinAccel Aims to Raise $100M
August 19, 2022

Singaporean FinTech FinAccel reportedly aims to raise $100 million at a $1.5 billion valuation.  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...

B2B Payments
Nigerian B2B eCommerce Firm Omnibiz Raises $15M, Plans to Expand
August 19, 2022

Nigerian B2B eCommerce company Omnibiz has raised $15 million in a pre-Series A funding round and said it plans to expand further in the region. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

eCommerce
Wayfair Clips 5% of Global Workforce After Growth Sputters
August 19, 2022

A pandemic surge in growth that unexpectedly sputtered post-COVID prompted online home goods retailer Wayfair to lay off 5% of its global staff, affecting 870 employees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...