News

Investments
Dollarsmart Global To Raise $20M For ASEAN Expansion
August 27, 2021

Singapore-based DollarSmart Global (DSG) is pinning its hopes on an upcoming $20 million cash injection to help strengthen its operations and expand in its core ASEAN countries, after which it will turn its attention to African markets, particularly South Africa and Nigeria. Get the Full...

International
Thunes, Bank Alfalah Team Up On Real-Time Payments Service In Pakistan
August 27, 2021

In a statement released on Friday (Aug. 27), Singapore-based FinTech company Thunes said it has partnered with leading Pakistani retail bank Bank Alfalah to enable real-time cross-border payments to consumers in Pakistan. Get the Full Story Complete the form to unlock this article and enjoy...

International
China’s UnionPay Provides Tuition Refunds To International Students Studying In Australia
August 27, 2021

Leading global payment services provider UnionPay International (UPI) announced in a press release on Friday (Aug. 27) that it is lending support to international students studying in Australia as part of a back-to-school program the company has launched. Get the Full Story Complete the form...

Delivery
NYC Commission Cap Hurts Food Delivery Firms 
August 27, 2021

New York City’s decision to permanently cap the commission rates food delivery services can charge at 23 percent could take a bite out of companies like Grubhub, DoorDash and Uber, and possibly cost them hundreds of millions of dollars.   Get the Full Story Complete...

Investments
Accounting Platform Snyder Wraps $2M Seed Round
August 27, 2021

The accounting platform Snyder has raised $2 million in a seed round aimed at attracting new clients and promoting the company’s visibility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

News
The Week In Payments: NFTs Are The Offspring Of Napster, And Point-of-Sale BNPL Is Set...
August 27, 2021

Non-fungible tokens (NFTs) were splashed all over the headlines again this week, as Visa emerged as the unlikely buyer of the awkwardly titled pixel art image “CryptoPunk 7610,” when it paid $150,000 to get its hands on its first piece of digital art. Get the...

Retail
Pizza Hut’s Bid For Grocery Store Presence Marks Move To Grab Bigger Slice Of Consumer...
August 27, 2021

With the announcement of Pizza Hut’s new CEO, it looks like the brand may have ambitions to get into consumer-packaged goods (CPG). The restaurant’s parent company Yum Brands announced Thursday (Aug 26) that Aaron Powell, former president of Kimberly-Clark’s Asia-Pacific CPG business who started his...

International
Britain Contactless Payment Limit Going Up
August 27, 2021

British banks will limit contactless payments across the region to 100 pounds ($137) starting Oct. 15, banking industry body UK Finance said on Friday (Aug. 27), according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Digital Banking
India Jumps On CBDC Bankwagon With Digital Rupee Trials
August 27, 2021

India is joining the global race to develop a framework for a central bank digital currency (CBDC) and could launch trials in December for a digital rupee, CNBC reported on Friday (Aug. 27). Get the Full Story Complete the form to unlock this article and...