News

International
Epic Games Shutting Down Fortnite in China
November 15, 2021

Epic Games shut down the China-based servers for the popular multiplayer online game Fortnite on Monday (Nov. 15), ending a quest that dates back about three years to bring the game to the world’s largest gaming market, according to a Bloomberg report. Get the Full...

Delivery
UK’s Deliveroo Signs Delivery Agreement With French Food Chain
November 15, 2021

The U.K. delivery service Deliveroo has formed an agreement with the French frozen food company Picard Groupe SAS to provide countrywide express deliveries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Partnerships / Acquisitions
TerraPay-MTN Uganda Partnership to Offer “Digital Mobility” 
November 15, 2021

The Dutch payments infrastructure company TerraPay has joined forces with MTN Mobile Money Uganda Limited to power speedy transfers to beneficiaries in places like China and India.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Repairing Regulatory Fragmentation Will Spur Cross-Border Payments Across Africa
November 15, 2021

Cross-border payments are an integral part of day-to-day operations for individuals and businesses in Africa, but transferring funds across the 54 countries in the region is not without its challenges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
eBike Startup Zoomo Notches $60M Series B Funding  
November 15, 2021

Australian electric bike startup Zoomo has raised $60 million in Series B funding, according to a Monday (Nov. 15) report from Tech Crunch.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Partnerships / Acquisitions
RBI Announces Acquisition of Firehouse Subs as QSRs Turn Their Focus to Takeout-Friendly Foods
November 15, 2021

With the rise in takeout-friendly foods that brands have been seeing since the start of the pandemic, Restaurant Brands International (RBI), parent company of Popeyes, Burger King and Tim Hortons, is going all in on sandwiches. The company announced Monday (Nov. 15) that it is...

Retail
Rue Gilt: Consumers Underserved by Current Discount Retail Offerings
November 15, 2021

When Rue La La launched over a decade ago, it — along with Gilt — was a pioneer of the online flash sale, helping bring forth a trend that countless others have used to keep customers coming back. Get the Full Story Complete the form to...

Retail
Marketplaces, Direct-to-Consumer Power Future of Digital Luxury Sales
November 15, 2021

For decades, luxury brands could only be found in luxury department stores, sold by retailers rather than the labels themselves. But with the growth of eCommerce allowing for more direct connections with customers, and therefore a more controlled brand message, that model may be obsolete,...

Retail
Former L’Oréal Executives Crafting $1.2B Beauty Company Through SPAC
November 15, 2021

Skincare company Obagi and makeup brand Milk Makeup are joining forces through a special purpose acquisition company (SPAC) deal with Waldencast Acquisition Corp. — an acquisition-focused entity founded by two former L’Oréal execs — in a merger that puts their combined value at about $1.2...