News

B2B Payments
The Rise of the Digital Workplace — on Wheels
October 19, 2022

As fleet operators aim to gain the many benefits of transitioning to connected vehicles, nearly half of the vehicles in corporate fleets are expected to be connected vehicles by 2025. That’s a substantial gain from today when one-third of companies with fleets report that only...

B2B Payments
Today in B2B Payments: Firms Team to Serve B2B Commerce, Hotels, X-Border Payments
October 19, 2022

Today in B2B payments, Oracle works with J.P. Morgan and FedEx to automate B2B commerce, Paysafe and HotelKey partner to streamline hotels’ transactions, and Visa and Thunes team up on cross-border payments. Plus, MaxAB raises $40 million, while Moneff acquires StormPay. Get the Full Story...

Banking
Brazilian Digital Bank C6 Opening First Physical Branches
October 19, 2022

Brazilian digital bank C6 is preparing to open its first brick-and-mortar operations in a bid to attract wealthier clients. 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...

Delivery
Delivery Startup Gopuff Cuts Hundreds of Jobs
October 19, 2022

Philadelphia, Pennsylvania-based delivery startup Gopuff has cut hundreds of workers as part of an earlier round of layoffs over the summer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Europe
EMEA Daily: Deliveroo to Exit Dutch Market in November
October 19, 2022

Today in Europe, the Middle East and Africa, Deliveroo announced the date for its withdrawal from the Dutch market, and Egyptian B2B marketplace MaxAB announced plans for regional expansion following the close of a $40 million pre-Series B round. Get the Full Story Complete the...

B2B Payments
B2B Marketplace MaxAB Raises $40M for MENAP Expansion
October 19, 2022

The Cairo-based B2B eCommerce and distribution business MaxAB on Wednesday (Oct. 19) announced the close of a $40m pre-series B funding round to fuel its expansion across the Middle East, North Africa and Pakistan (MENAP) region. Get the Full Story Complete the form to unlock...

Delivery
Uber Eats Bets It Can Succeed Where Fast Grocers Failed
October 19, 2022

Uber Eats may be able to succeed in the quick commerce space where ultrafast grocery startups failed. The aggregator announced Tuesday (Oc. 18) its first such initiative in the United Kingdom under the name Uber Eats Market, in partnership with British supermarket chain Iceland Foods....

SPAC
Malaysian FinTech Super Apps Plans $1.1B SPAC Merger
October 19, 2022

Malaysian payments technology company Super Apps is set to go public in the United States via a special purpose acquisition company (SPAC) merger that values the firm at $1.1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

B2B Payments
Oracle B2B Commerce to Provide Integrations With JPMorgan, FedEx
October 19, 2022

Cloud applications and infrastructure provider Oracle has announced that J.P. Morgan and FedEx are among the first service providers that will participate in the new Oracle B2B Commerce offering, which includes services that will integrate and automate end-to-end B2B transactions. Get the Full Story Complete...