News

Security & Fraud
Kaspersky Detects 1.5B IoT Cyberattacks This Year
September 03, 2021

Global cybersecurity firm Kaspersky detected 1.5 billion attacks against Internet of Things (IoT) devices in the first half of this year, using “honeypots,” software that impersonates a vulnerable device, the company’s research department said in an email to PYMNTS on Friday (Sept. 3). Get the...

Regulation
From Disruptors to Disrupted: Robinhood, Others, Face Business Model Challenges 
September 03, 2021

The business models that have promised to be disruptors are, in some cases, themselves being disrupted. 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...

Regulation
Ride-Hailing Company Didi Could Cede Control to City of Beijing
September 03, 2021

On the heels of a crackdown on ride-hailing companies in China, Beijing’s local government has suggested investing in Didi Global Inc. to wrestle control away from the company, according to a Friday (Sept. 3) Bloomberg report. Get the Full Story Complete the form to unlock...

International
Today in Payments Around the World: Singapore May Relax SPAC Guidelines, Airwallex Obtains Money Services...
September 03, 2021

Today in payments around the world: Singapore considers easing SPAC listing guidelines. Plus, U.S. remittances to Mexico reach a record-high $4.54 billion and Airwallex gets a Malaysian money services business license. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

IPO
Online Platforms Dominate Listing Activity and Announcements  
September 03, 2021

Online platforms – connecting buyers and sellers, and payments flows, across a variety of use cases and verticals – dominated planned announcements and debuts on public exchanges this past week. That brought the payments-related announcements to 28 and the shopping segment to 15, year to...

Delivery
France’s 15-Minute Grocery Delivery Startup Cajoo Raises $40M as eGrocery Space Grows
September 03, 2021

The ultra-fast grocery delivery space is heating up. In France, startup Cajoo, which delivers grocery orders by bicycle within 15 minutes, is raising funds to build out its presence in the country. The company just raised $40 million in its Series A round, reported TechCrunch,...

Retail
ThirdLove Expects to Keep the Customers Victoria’s Secret Lost
September 03, 2021

When Heidi Zak and husband David Spector started ThirdLove in 2013, their ambition was to be “the antithesis of Victoria’s Secret,” seizing what they saw as an opportunity to build a brand focused on speaking directly to women in a way that was realistic about...

Retail
AMZN vs WMT Weekly: Retailers Look to Fill Thousands of Jobs and Walmart Heads to...
September 03, 2021

Just days after Walmart opened its new white-label, last-mile delivery service to other retailers across the U.S., the box store giant said this week that it plans to add 20,000 employees to its distribution centers, fulfillment centers and transportation offices. Available jobs include order fillers,...

Retail
Mall-Based Micro-Distribution Centers Put Fulfillment ‘Closest to the Population’
September 03, 2021

Getting a package in the mail is no longer a surprise for many consumers, especially when it comes to online shopping. The ability to track an order from the minute it’s placed to the second it lands on the front stoop has become an expectation...