News

Regulation
Credit Union National Association Backs Inquiry Into Tech Giants’ Payment Policies
December 22, 2021

The Credit Union National Association (CUNA) this week backed the Consumer Financial Protection Bureau’s (CFPB) probe of Google, Apple, Facebook, Amazon, Square and PayPal’s payments policies, according to a Wednesday (Dec. 22) report from Financial Regulation News. Get the Full Story Complete the form to...

IPO
South Korean Unicorns Spark Interest in IPOs
December 22, 2021

Private investors have contributed historic amounts of cash to South Korean startups that have moved on to unicorn status — startups valued at over $1 billion — which have doubled in number since 2018, Reuters reported on Wednesday (Dec. 22). Get the Full Story Complete...

Mobile Payments
PayPal, PACE Telematics Bring Mobile Payments to Gas Stations
December 22, 2021

German-based mobile fuel station payments provider PACE Telematics has joined forces with PayPal to enable mobile payments at fuel pumps with a smartphone or, in Europe, an Apple Watch or Android smartwatch, according to a Wednesday (Dec. 22) press release. Get the Full Story Complete...

IPO
As 2021 Ends, Valuations a Key Consideration for eComm, Crypto Listings 
December 22, 2021

It’s been a tumultuous year for the markets – for the slew of crypto firms and online platforms, some of them global in scope – and headed into the new year, the questions surrounding valuation seem pressing. Get the Full Story Complete the form to...

Investments
Financial Automation Hub LiveFlow Raises $3.5M
December 22, 2021

The financial automation hub LiveFlow announced this week it has raised $3.5 million in seed money in a funding round led by Moonfire Ventures.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
US Multinational Businesses Wait 53% Longer to Receive Cross-Border Payments Than Domestic Payments
December 22, 2021

Global eCommerce activity has surged over the past year, presenting prime growth opportunities for enterprises. These opportunities come with several challenges, however. Enterprises must meet cross-border shoppers’ payment preferences by accepting localized payment methods, accommodate local or regional regulatory requirements, and manage a wide variety of cross-border payment...

Investments
Next-Day Delivery Startup Veho Raises $125M at $1B Valuation
December 22, 2021

Next-day package delivery service Veho raised $125 million in a Series A funding round at a $1 billion valuation that was led by General Catalyst, according to a press release on Tuesday (Dec. 21). Get the Full Story Complete the form to unlock this article...

Delivery
Rapid Delivery Startup Getir Targets US Expansion
December 22, 2021

Rapid delivery startup Getir is already zipping around New York City, Chicago and Boston, but its under-10-minute drop-off service for groceries and essentials will soon be targeting a larger footprint in the U.S. Get the Full Story Complete the form to unlock this article and...

Digital Banking
Open Banking Series: Market-Driven vs. Regulatory-Driven
December 22, 2021

Today, in TechREG, we start a series of articles about open banking and its regulatory challenges and opportunities. In this article, we explain the two main policy approaches to open banking, and we include a prediction of which one is likely to have more followers...