News

Regulation
EU’s Vestager Wants EU Digital Laws to Inspire Others 
February 24, 2022

European Commission Vice President Margrethe Vestager, in a speech at the University of California Berkeley’s Law School on Tuesday (Feb. 22), reiterated the importance of the European Union legislation to regulate digital platforms and how other countries are sharing the same views and adopting similar regulations....

Investments
German Delivery Platform Karla Raises $3.8M
February 24, 2022

German delivery startup Karla has raised $3.8 million in pre-seed funding, while also launching an app designed to optimize deliveries and provide transparency for eCommerce orders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Banking
UK’s Open Banking Chief Calls on Regulators to Streamline, Accelerate the Technology 
February 24, 2022

The leader of United Kingdom’s open banking organization has called on regulators to accelerate debut of the technology. 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...

Investments
FinTech NayaPay Lands $13M Seed to Grow Platform for Pakistan’s Underbanked
February 24, 2022

In one of the biggest seed funding rounds in South Asia, Fintech NayaPay secured $13 million to grow its two-sided digital banking platform to serve underbanked individuals and small businesses in Pakistan. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Tech Platform Promise Raises $25M in Series B
February 24, 2022

Promise, a tech platform that helps people pay debt, has raised more than $25 million in a Series B round, according to a Thursday (Feb. 24) press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Rent-A-Center Slammed as Rising Prices, End of Stimulus Cut Low-End Spending
February 24, 2022

Shares of Rent-A-Center fell nearly 40% after hours Wednesday (Feb. 23) after the Plano, Texas-based operator of 2,400 furniture, appliance and electronics rental stores reported lower than expected Q4 results and weak guidance. Get the Full Story Complete the form to unlock this article and...

International
Ukraine Caps Cash Withdrawals, Suspends Use of Digital Wallets
February 24, 2022

Following the declaration of martial law in Ukraine, the central bank suspended the country’s currency markets, stopped the circulation of all securities, limited cash withdrawals and halted the use of electronic currency and digital wallets. Get the Full Story Complete the form to unlock this...

Cross-border Payments
ECOMMPAY Partners With Nium to Extend International Payout Offerings
February 24, 2022

Global payments provider Nium has partnered with international payment service ECOMMPAY to offer merchants a “closed-loop system” for international payouts, a press release said Thursday (Feb. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Commerce Experience Platform Bloomreach’s Valuation Reaches $2.2B After Goldman Sachs, Bain Capital Investment
February 23, 2022

Bloomreach, the commerce experience cloud, has a new investment of $175 million, a company press release said. 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...