News

B2B Payments
Papaya Global Raises $250M Toward Onboarding, Cross-Border Pay
September 12, 2021

Tel Aviv-based payroll and payroll management platform Papaya Global has raised $250 million in a new funding round, The Times of Israel reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Regulation
China’s Regulator Orders Tech Companies to Open ‘Walled Gardens’
September 12, 2021

A China regulator has told tech giants Alibaba, Tencent and others to stop blocking one another’s website links on their respective platforms, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bitcoin
Bitcoin Daily: El Salvador’s Bancoagricola Now Takes Crypto for Loan, Credit Card Payments; Miami’s SCOPE...
September 12, 2021

Bancoagrícola, the largest El Salvadorean bank, is accepting bitcoin for loans and credit card payments, The Block reported. 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...

Payment Methods
BIS Says Central Banks Risk Playing CBDC Catch Up Game
September 12, 2021

There’s always deep debate about how best to promote innovation in the tech space – particularly when it comes to payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Partnerships / Acquisitions
Volkswagen Seeks Collaborations With Carmakers on Software
September 10, 2021

Volkswagen (VW) expressed interest in partnering with other carmakers to share platforms and develop software, VW CEO Herbert Diess told the German news website Der Spiegel on Friday (Sept. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Delivery
UPS Moves Into Same-Day Gig Delivery With Roadie Acquisition
September 10, 2021

UPS is moving into the gig economy, same-day delivery space with the acquisition of Roadie, a technology platform that connects people with items to ship with drivers headed in that direction. The terms were not disclosed, according to a press release on Friday (Sept. 10)....

Retail
Today in Retail: Sotheby’s Finds New Way to Reach Consumers; Walmart to End Quarterly Bonuses...
September 10, 2021

In today’s top retail news, Sotheby’s is finding a way to reach consumers who don’t want to wait for an auction, and Walmart says it will stop paying quarterly bonuses to store associates as it raises base pay. Also, oral care sales still primarily come...

IPO
Outdoorsy Considering IPO Later This Year
September 10, 2021

Austin, Texas-based RV rental company Outdoorsy could go public by the end of this year, people familiar with the situation told Bloomberg on Friday (Sept. 10), adding that the company is working with Goldman Sachs Group Inc. on a potential filing ahead of an IPO...

Retail
Kroger Combats Consumers’ Inflation Concerns With Data-Informed Discounts
September 10, 2021

As consumers grow worried about rising costs, grocery giant Kroger is keeping them shopping with personalized offers through its ecommerce platforms. In its second quarter of 2021, the grocer’s digital sales fell 13% year over year by remained 114% above 2019, driven by data-informed digital...