News

Investments
UK’s Carwow Raises $55M to Expand Online Car Marketplace
December 06, 2021

Fueled by the pandemic, digital car sales are still going strong. On Monday (Dec 6.), London-based online car marketplace Carwow announced that it has secured $55 million in new funding, as it looks to take on rivals in the new and used vehicle market. Get...

B2B Payments
Card Issuer Tutuka Merges With Paymentology 
December 06, 2021

A pair of issuer-processors — Tutuka and Paymentology — announced Monday (Dec. 6) they would merge into a single entity.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Retail Exec Lauds Strong Online Holiday Shopping, Predicts Pandemic-Era Conveniences Will Continue
December 06, 2021

Australian global payments platform EML Payments and its North American malls partner, Cadillac Fairview, which operates 35 million square feet of retail and office space, credit digital innovations for powering the surge in retail spend, according to a Monday (Dec. 6) press release. Get the Full...

Investments
Smartphone Procurement Firm everphone Raises $200M 
December 06, 2021

The German phone-as-a-service provider everphone has raised $200 million in new funding, money the company says it will use to expand its efforts in Europe, with an eye towards a launch in the U.S., according to a Monday (Dec. 6) press release. Get the Full...

Payment Methods
New Study: Debit, Credit in Physical Stores Pull Ahead of Digital Wallets
December 06, 2021

In early December 2019, few had yet heard of COVID-19. News reports were only just trickling in. It didn’t seem like the entire world was teetering on the brink of colossal change, but it was. Get the Full Story Complete the form to unlock this...

Payment Methods
Bob Dole’s Passing Spurs Thoughts on Debit’s Heady Rise Since 1996
December 06, 2021

Bob Dole died this weekend, at the age of 98. Whatever your view of his politics or career might be, his passing gives cause to pause and reflect on how much life has changed in the decades since he ran for president 25 (!) years...

Retail
Rakuten, Afterpay Combine BNPL, Cash-Back Rewards
December 06, 2021

Buy now, pay later (BNPL) platform Afterpay is teaming up with shopping rewards and cash-back program Rakuten on a program that combines cash-back rewards and flexible payment schedules, according to a joint announcement. Get the Full Story Complete the form to unlock this article and...

Investments
Carwow Drives $55M in Funding
December 06, 2021

In a drive to speed up technology and platform advancement, London-based online vehicle marketplace Carwow has secured $55 million in investments from Hercules Capital, according to a Monday (Dec. 6) report from UK Tech.  Get the Full Story Complete the form to unlock this article...

Retail
Email Helps Unlock Gifting Physical Items Without an Address
December 06, 2021

After a tumultuous two years for many people who saw fewer physical gatherings and connections with friends, it may be hard to keep track of who moved during the pandemic, or even remember what a person’s address was before March 2020. Get the Full Story...