News

Merchant Innovation
EVO Payments Expands Partnership With Oracle
November 16, 2021

The payments technology company EVO Payments has expanded its partnership with Oracle to offer Oracle’s enterprise payment solutions to EVO’s retail and hospitality merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
Qatar’s Commercial Bank Rolls Out Online Service for Tax Payments 
November 16, 2021

Qatar’s largest private sector bank, Commercial Bank, has teamed with the General Tax Authority (GTA) to offer a direct payment service whereby funds from the taxpayer’s account are transmitted to the authority’s account to initiate the process of paying tax obligations, according to a Tuesday (Nov....

Investments
Upgrade at $6B Valuation After $280M Series F Funding 
November 16, 2021

Credit and mobile banking platform Upgrade, Inc. on Tuesday (Nov. 16) announced it has raised $280 million in a Series F fundraising round led by Coatue Management and DST Global, and is now at a $6 billion pre-money valuation.  Get the Full Story Complete the...

B2B Payments
64% of B2B Firms Plan to Increase Their eCommerce Investments
November 16, 2021

Companies expect eCommerce to play a more prominent role in their future business relationships. Similarly, business buyers tasked with finding new vendors or suppliers for their firms believe digital sales are two to three times more important than those made in traditional channels. Get the Full Story Complete...

Partnerships / Acquisitions
Cazoo Snaps up Swipcar for €30M to Hit the Gas on Growing Across Europe
November 16, 2021

Online car retailer Cazoo has acquired motor vehicle subscription platform Swipcar for €30 million in cash and Cazoo shares, according to a press release on Tuesday (Nov. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Loyalty & Rewards
Chase Teams With Gopuff to Offer Delivery Rewards 
November 16, 2021

Chase has launched a partnership with the fast delivery startup Gopuff, giving Gopuff customers a chance to earn credits with each purchase.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Walmart Leverages Scale in Grocery to Price Out Competitors
November 16, 2021

Walmart is widening its lead in grocery, targeting consumers who are put off by rising prices. In the quarter ended October 29, 2021, the chain saw grocery sales grow “nearly 10%,” with food sales growth of $3.6 billion, the strongest in six quarters, company executives...

Investments
Aplazo Raises $27M in Series A Funding for Mexico BNPL Growth 
November 16, 2021

Mexican omnichannel buy now, pay later (BNPL) platform Aplazo on Tuesday (Nov. 16) announced it’s raked in $27 million in Series A funding, four months after it grabbed $5.25 million in seed funding, and it plans to use the fresh capital for growth, including adding...

Retail
Walmart Results Show Omnichannel Consumers Still Like to Shop in Stores
November 16, 2021

If there were any doubts that the omnichannel consumer is here to stay, Walmart’s latest results, out this morning (Nov. 16), might dispel them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...