Open banking-powered lender Koyo has raised $50m (£36.1m) in a Series A funding round to support its growth plans, Peer2Peer Finance News reported on Thursday (Sept. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Bitcoin went bonkers again this week with another spectacular dump coinciding with its adoption by El Salvador as an official currency. The crypto price action came hot on the heels of a report from PYMNTS that another method of payment, Apple Pay, is still struggling...
U.K-based users of the Post Office’s EasyID identity-verification app will be able to buy cryptocurrencies such as bitcoin using a voucher system from Swarm Markets, a cryptocurrency exchange claiming to be the world’s first regulated decentralized finance (DeFi) protocol. Get the Full Story Complete the...
PayPal is hiking merchant fees between businesses operating in the U.K. and those in the European Economic Area (EEA), the BBC and multiple news outlets reported. The new fees apply to all of the U.K., plus Guernsey, Jersey, Gibraltar and the Isle of Man. Get...
Kroger closed its second quarter with new digital partnerships, rebranding with a unifying symbol and boosting its employees’ wages to $16 per hour, which will scale up to near $21 by the year’s end. Get the Full Story Complete the form to unlock this article...
VTB and the Moscow Metro are rolling out a new program that allows metro riders to pay their fares using biometric data at all stations in October using the Face Pay system, which allows customers to travel with facial recognition technology and high processing volumes....
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 our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
When COVID-19 caused the physical world to shut down and forced all commerce to be conducted digitally, multinational auction house Sotheby’s saw a 600% increase in the value of online auctions, a “radical shift” in the company’s business, according to Josh Pullan, managing director of...
The past several weeks have seen a sort of third-party logistics one-upmanship between Amazon and Walmart, culminating in this week’s report that Amazon has begun shipping cargo for outside customers to compete with UPS and FedEx. Get the Full Story Complete the form to unlock...
