News

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...

International
iOL Pay Expands Into 37 Countries to Overhaul Hotel Payments Space
November 30, 2021

Global FinTech platform iOL Pay, a subsidiary of Illusions Online, went live in 37 countries to assist the hospitality payments space across North America, Europe, the Middle East, APAC and Africa, according to a press release emailed to PYMNTS on Tuesday (Nov. 30). Get the...

Retail
The Top 5 Things We Learned About the US Shopper From Black Friday
November 30, 2021

With the busiest shopping day of the year having come and gone and its online equivalent now in the history books too, PYMNTS’ Black Friday retail research has revealed five key consumer trends that emerged from the early burst of holiday gift buying. Get the...

IPO
India’s Snapdeal Prepping for $250M IPO
November 30, 2021

The Indian online retail giant Snapdeal is preparing to go public through an IPO of as much as $250 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

B2B Payments
60% of Consumers and Microbusinesses See Instant Payments as Critical to Payor Loyalty 
November 30, 2021

Small and medium-sized businesses (SMBs) receive more than one-third of their sales through ad hoc payments — infrequent, one-time transactions — PYMNTS research has found. In these transactions, more than 30% of the payments are made late and often more than a month past due. Get the...

Investments
YouTrip Raises $30M, Plans To Enter B2B Market  
November 30, 2021

Singapore’s YouTrip has raised $30 million in a Series A funding round, money the payments startup says it will use to enter the B2B payments market, per a Tuesday (Nov. 30) company blog post.  Get the Full Story Complete the form to unlock this article...

Retail
Cyber Monday Sales Fall to $10.7B
November 30, 2021

Cyber Monday sales fell for the first time in at least a decade, dropping 1.4% from $10.8 billion last year to $10.7 billion this year, according to Adobe Analytics data released Tuesday (Nov. 30). Get the Full Story Complete the form to unlock this article...