News

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...

Cross-border Payments
Global Payments Company Wise Plans US Expansion
November 30, 2021

London-based global money transfer firm Wise will hire more than 150 new staff in 2022 as it expands its U.S. operations in Austin, Texas, relocates its New York City office to a bigger location and beefs up its staffing in Tampa, Florida, according to a...

Investments
iMile Delivery Grabs $40M for Global Expansion 
November 30, 2021

Dubai-based delivery company iMile founder and CEO Rita Huang on Tuesday (Nov. 30) said the company has wrapped up a $40 million Series A funding round at a $350 million valuation, marking the largest fundraising effort of its kind by a woman in the region. ...

Ridesharing
New Rideshare Rules Add Pressure to China’s Didi
November 30, 2021

Regulators in China have imposed new rules for the country’s ride-hailing sector, a development that puts additional pressure on Didi, the industry’s leader. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...