News

Investments
Swedish Delivery Firm Instabox Raises $190M
April 21, 2022

Delivery service Instabox has raised $190 million in a growth equity round that valued the Swedish company at north of $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Carvana Crashes Into ‘Challenging, Difficult, Deteriorating’ Environment
April 21, 2022

For a company whose stock had already fallen 70% in the past eight months, it would be hard to say Carvana investors were caught by surprise when the online used car retailer known for its “vending machine” delivery towers announced its first-quarter earnings results Wednesday...

Latin America
RecargaPay on How Pix Propelled Brazil Into the Global Digital Payments Spotlight
April 21, 2022

When Brazil’s central bank launched Pix last year, the country was thrust into the global payments spotlight. In this month’s "Digitizing Payments In Latin America Playbook," PYMNTS talked with RecargaPay’s Rodrigo Teijeiro about how this instant payments option shifted a mixed cash and credit card...

Cross Border Commerce
Localized Payments Put Developing World’s Auto Dealers in the Driver’s Seat
April 21, 2022

Sometimes, the buyer who will pay the most for a used car is in another country. In the U.S., Canada and European Union, environmental regulations and policies that prioritize electric vehicles over conventional ones reduced the market for older vehicles.  Get the Full Story Complete...

Security & Fraud
Card Issuing Platform Marqeta Launches Risk Management Suite
April 21, 2022

Global card issuing platform Marqeta is introducing a new product suite the company said will help customers that use its card-issuing platform fight fraud — a problem expected to generate losses of $400 billion over the next 10 years. Get the Full Story Complete the...

Security & Fraud
Tackling Money Launderers Means Shutting Down Financial Crime-as-a-Service
April 21, 2022

First comes fraud, then comes money laundering. 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...

Investments
HR Platform Oyster Raises $150M, Reaches Unicorn Status
April 21, 2022

Global employment platform Oyster announced Wednesday (April 20) it raised $150 million in Series C funding at a valuation of more than $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
P&G Uses Brand Strength, at Both Ends of Price Spectrum, to Withstand Inflation
April 20, 2022

Testing the limits of elasticity, Procter & Gamble (P&G) is increasing prices here, focusing on discounts there, confronting inflation with a product “superiority strategy” that’s working. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
EMEA Daily: Google Opens Its First African Product Hub; Moneyhub, Wyzr Team on Automated Financial...
April 20, 2022

In today’s top Europe, Middle East and Africa (EMEA) news, Google plans to open its first product development center in Kenya, while Moneyhub partners with Wyzr to make automated financial planning possible in the U.K. Get the Full Story Complete the form to unlock this...