News

eCommerce
Price Critical in Customers’ Decision to Return to Abandoned Cart
November 30, 2021

Most consumers, or 86% of online shoppers, have abandoned a shopping cart at least once before completing a purchase, whether because they got distracted, wanted to shop for better deals or decided against the purchase altogether. Get the Full Story Complete the form to unlock...

International
Indonesia, UAE Banks Collaborate on Cross-Border Payments
November 30, 2021

The central banks of Indonesia and the United Arab Emirates (UAE) have signed an agreement to boost payment system cooperation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Delivery
Cabify’s Grocery Delivery Coming to Latin America in 2022
November 30, 2021

Spanish ride-hailing service Cabify is set to begin offering grocery deliveries for customers in Latin America in 2022. 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...

Investments
Metaverse Platform Zepeto Value Tops $1B With $150M SoftBank Investment
November 30, 2021

Fueled by a $150 million investment from Japanese investment company SoftBank, the virtual world of Zepeto is now worth more than $1 billion, according to a Tuesday (Nov. 30) Wall Street Journal report. Get the Full Story Complete the form to unlock this article and...

IPO
Buffett-Backed Nubank Cuts Down IPO Price
November 30, 2021

Brazilian digital bank Nubank has reduced the target price of its American stock market debut by about 18% amid a worldwide tech stock selloff that’s impacting initial public offerings (IPOs) as the year winds down, Reuters reported Tuesday (Nov. 30). Get the Full Story Complete...

Partnerships / Acquisitions
Online Bulk Retailer Boxed Acquiring MaxDelivery
November 30, 2021

Online bulk retailer Boxed is set to acquire MaxDelivery, an on-demand grocery delivery service for New York City consumers. 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...

eCommerce
Black Friday Campaign Creates Strong Customer Engagement on Jumia Egypt Platform
November 30, 2021

Africa-focused online marketplace Jumia started introducing the Black Friday sales concept to several of its African markets nine years ago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
CloudTrucks Raises $115M in Series B Funding Round
November 30, 2021

Trucking operations software company CloudTrucks on Tuesday (Nov. 30) announced it wrapped up a Series B fundraising round that brought in $115 million, bringing the company’s valuation to $850 million, according to a Forbes report. Get the Full Story Complete the form to unlock this...

Banking
Eliminating Overdraft Fees Isn’t Easy Fix for Banks, Customers
November 30, 2021

The holidays are firmly upon us, which means that the urge to spend is firmly entrenched as well, boosted by family gatherings and coming face to face with people you haven’t seen in person for months (and months). Get the Full Story Complete the form...