News

Banking
Santander to Axe Overdraft Fees for One-Third of Customers
November 08, 2021

Santander Bank has launched a new program that it says will eliminate overdraft fees for nearly a third of its customers who have recently overdrawn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Delivery
Amid Industrywide Labor Crunch, Walmart Rolls out First-Ever Driverless Truck Route
November 08, 2021

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Faster Payments
Egypt’s Central Bank Approves Instant Payment Regulations
November 08, 2021

Egypt residents can now make instant electronic payments between bank accounts using their mobile phones, thanks to newly approved regulations by Egypt’s central bank, according to a statement Monday (Nov. 8).  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Fintech Investments
FinTech Sector in Singapore Could Hit $3B in Funding
November 08, 2021

The FinTech space in Singapore is anticipated to attract an estimated $3 billion by the end of 2021, Sopnendu Mohanty, the Monetary Authority of Singapore’s (MAS) chief FinTech officer, told Bloomberg on Monday (Nov. 8). Get the Full Story Complete the form to unlock this...

Partnerships / Acquisitions
Ocrolus, Blend Announce Partnership to Automate Lending 
November 08, 2021

Document automation platform Ocrolus and cloud banking platform Blend announced Monday (Nov. 8) a strategic partnership that will embed Ocrolus’ Human-in-the-Loop (HITL) document analysis solution within the Blend platform to accelerate digital mortgage applications. Get the Full Story Complete the form to unlock this article...

Investments
Canada’s Bolt Logistics Raises $92M
November 08, 2021

The Canadian logistics and last-mile delivery service Bolt Logistics has raised $92 million ($115 million CAD), bringing the total funds raised by the firm to $120 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Delivery
Shipping Startup X Delivery Announces New Leadership
November 08, 2021

Tech-based national shipping carrier X Delivery — which has grown its monthly revenue ten-fold over the last year — has recently expanded the Texas-based company’s leadership team, according to a Monday (Nov. 8) press release. Get the Full Story Complete the form to unlock this...

Biometrics
Daimler Mobility, Visa Partner to Enable In-Car Payments With Fingerprint Sensors 
November 08, 2021

From spring 2022 onwards, Mercedes-Benz customers in the U.K. and Germany will be able to pay for goods and services by using their fingerprint in the car.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
OmniBiz Africa Unveils BNPL, Bookkeeping Services
November 08, 2021

The B2B eCommerce firm Omnibiz Africa has launched two new features for retailers: a buy now, pay later (BNPL) option and a bookkeeping app called MyStore.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...