News

Retail
Report: Walmart’s eCommerce Company Flipkart Delays IPO, Raises Valuation Target
April 07, 2022

Flipkart, Walmart’s India-based eCommerce company, has put its initial public offering (IPO) on hold as it raised the valuation target to between $60 billion and $70 billion, up from its initial goal of $50 billion, Reuters reported Thursday (April 7). Get the Full Story Complete...

Latin America
PYMNTS Intelligence: How the Rise of the Gig Economy Is Influencing Latin American Consumers’ Payment...
April 07, 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...

Regulation
EU Governance Data Act to Boost AI, Data-Sharing
April 07, 2022

The European Parliament (EP) approved the European Governance Data Act (DGA) on Wednesday with 501 votes to 12. This act aims to increase data sharing among public institutions and companies, create new rules on the neutrality of data marketplaces and facilitate the reuse of certain...

Investments
GoTo’s Post-IPO Ascent Is Far From a Done Deal
April 06, 2022

GoTo’s initial backers can expect very healthy returns on investment, indeed — but one wonders what’s next. 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...

International
Nykaa Rolls out Superstore for Direct-to-Retail Distribution
April 06, 2022

Indian-based beauty, wellness and fashion product eCommerce retailer Nykaa has rolled out a new superstore for direct-to-retailer distribution for the Indian retailer system, Business Standard reported Wednesday (April 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
EMEA Daily: German HealthTech Avi Medical Raises $54.5M; Stablecoins Embraced as Valid Payment Form in...
April 06, 2022

In today’s top Europe, Middle East and Africa news, Munich-based HealthTech firm Avi Medical raised $54.5 million in Series B funding, and the United Kingdom is validating stablecoins as a payment method. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Today in B2B: Customers Have High Expectations for Digital Transactions; ID Verification Needs Advanced Tech
April 06, 2022

Today in B2B payments, customers expect their digital payments to be simple, transparent and secure, while businesses need to use advanced technology to ensure proper B2B identity verification protocols. Plus, Advent secures a majority stake in Mangopay, and i2c and PingPong partner to offer cross-border...

eCommerce
For Smaller eCommerce Companies, Optimizing Carrier Strategy Is Key
April 06, 2022

To gain and retain customers, small- to medium-sized businesses (SMBs) in the eCommerce field must get the goods to their customers when promised. That requires shipping the goods out quickly, managing the costs, monitoring the carriers’ performance and being resilient. Get the Full Story Complete...

Investments
Accounting Platform Docyt Closes $11.5M Series A
April 06, 2022

Docyt, an accounting automation software platform for small- to medium-sized businesses (SMBs), has raised $11.5 million in a Series A funding round. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...