Regulators in China could force Tencent to spin WeChat Pay into its newly-created payments subsidiary, which could cause the need for the mobile payments service to obtain a new license, Bloomberg reported on Friday (March 18), citing sources with insider information. Get the Full Story...
Checks and card transactions are giving way to electronic payments, done through an automated clearinghouse (ACH). 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...
Grocery delivery company Buyk has filed a petition for Chapter 11 relief, with its endgame being to shutter the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Technology company Planet has combined with Proximis, Datatrans, protel Hotelsoftware and Hoist Group in order boost digital commerce and add cloud software and payment solutions for retail, hospitality and financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Silicon Valley-based FinTech EvoShare, which was founded by Ukrainian natives, launched its Aid Ukraine initiative Thursday (March 17), offering customers a way to donate a percentage of their cash-back points earned to support the Ukrainian humanitarian effort. Get the Full Story Complete the form to...
Today in B2B payments, PYMNTS research found that B2B payment solutions need an overhaul to meet changing customer needs and demands. Plus, Japanese digital banking platform Kyash raised $41 million in Series D funding round and Berlin recommerce startup firm reverse.supply raised $5.5 million in...
Two reports, and possibly more, by well-known economists which questioned China’s economic data have been deleted from Chinese social media site WeChat, Bloomberg reported Thursday (March 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
As grocers see inflation rise to its highest point in 40 years, and as supply chain and labor issues pile on additional challenges, leaders in the space are doing everything in their power to change the conversation, turning the focus away from these difficulties. Get...
In today’s FinTech news, three Delivery Hero alums have raised $6.4 million in seed funding to grow their financial operations software startup Payrails. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
