News

International
Didi to Pull US Listing in Favor of Hong Kong
December 02, 2021

Didi Global, the China-based ride-hailing group, intends to delist in the U.S. and pursue a listing in Hong Kong, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bitcoin
Bitcoin Daily: Goldman Sachs Eyes Using Bitcoin as Collateral for Institution Cash Loans; MercadoBitcoin.com Holding...
December 02, 2021

Goldman Sachs is currently undergoing an education on how to use bitcoin as collateral for cash loans, according to a Thursday (Dec. 2) report from Coindesk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

IPO
Grab Loses a Fifth of Share Value on Day One as Public Company
December 02, 2021

Grab has seen its shares lose over a fifth of their value on its first day in trading in New York, per a Wall Street Journal (WSJ) report Thursday (Dec. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
EMEA Daily: UK Enforces New Listing Rules for Exchanges; Facebook Faces Lawsuits Over Alleged EU...
December 02, 2021

In today’s top Europe, Middle East and Africa (EMEA) news, the U.K. revises listing rules for exchanges; Facebook could face potential litigation over alleged European Union privacy violations; the U.K.’s Financial Conduct Authority (FCA) scraps a 90-day reauthentication open banking rule; Wirex launches a $1...

Retail
Today in Retail: Dollar General Says No to Raising Prices; Apple Notes Slower iPhone Demand
December 02, 2021

In today’s top retail news, U.S. consumers plan to do half of their remaining holiday shopping online, while Dollar General executives say they don’t plan to raise core product prices in contrast to rival Dollar Tree. Also, Apple is warning suppliers that demand for the...

Investments
Lamaa Gets Investment in Series A From Wa’ed for SMB Digitization
December 02, 2021

Wa’ed, the entrepreneurship arm of Saudi Aramco, has invested in the Riyadh-based FinTech startup Lamaa, the companies announced Thursday (Dec. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
66% of B2B Companies Believe Digital-Enabled Sales Interactions Are Important to Customers 
December 02, 2021

The COVID-19 pandemic is pushing global B2B firms to eCommerce channels and marketplaces, and the payments and processes that go with them. B2C firms adapted to digital years ago, but B2B was slower to adapt.  Get the Full Story Complete the form to unlock this...

IPO
Grab Shares Slide in Nasdaq Debut Following $40B SPAC Deal
December 02, 2021

Update: 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 to receive marketing communications from PYMNTS...

Retail
Grocery Roundup: NYC’s eGrocery Market Grows More Crowded; ‘Just Walk Out’ Comes to London
December 02, 2021

The on-demand grocery delivery market in New York City continues to grow more competitive. Boxed, the New York City-based online wholesale retailer, announced Monday (Nov. 29) its acquisition of MaxDelivery, another New York-based grocery eTailer that provides one hour grocery deliveries. The deal is expected...