News

B2B Payments
Credit Suisse’s Refunds To Greensill Investors Now Total $5.9B
August 08, 2021

Credit Suisse has has paid $400 million more to investors affected by the Greensill-linked fund mess, bringing the total to nearly $6 billion, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Delivery
Swiggy Pivots To More Grocery Delivery Services
August 08, 2021

Swiggy, the Indian food delivery group, is leaning more into groceries and other goods’ delivery as opposed to restaurants. 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...

Retail
Today In Retail: Levi Strauss Steps Into Activewear; Walmart Incentivizes Vacation Delay
August 06, 2021

In today’s top retail news, Levi Strauss announced plans to acquire athletic wear company Beyond Yoga as consumers stay comfortable, while Walmart is giving warehouse workers weekly bonuses for putting off August vacations. Also, Perch is trying to optimize brands selling on Amazon in order...

Retail
Today In Food: Dine Brands Invests In Digital, Shake Shack Mix Shifts Back To Physical
August 06, 2021

Today in restaurant and grocery news, Dine Brands discusses its digital upgrades, and DoorDash debuts its new “DoubleDash” feature. Plus, a look at instant coffee’s growing popularity with young consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Instant Coffee Brands Brew Rapid Gen-Z Growth
August 06, 2021

As consumers come to expect on-demand convenience without sacrificing quality, many food and beverage brands and retailers have been developing a following by promising the best taste for the least amount of prep or wait time. Grocers have been driving sales with prepared meals, delivery...

B2B Payments
B2B Payments Today: SMB Cards Rise In Canada; GoCardless Collabs With Fiskl
August 06, 2021

Today in B2B payments, CAARY discusses the corporate card’s rise in Canada, and Fiskl collaborates with GoCardless on small business cross-border payments. Plus, Automated Business Designs discusses payroll cards in a tough jobs market, WEX launches a new corporate card and Praetura opens its small...

Partnerships / Acquisitions
WeCommerce Snaps Up Mobile-First Shopify Tool Archetype Themes
August 06, 2021

WeCommerce closed a deal to acquire mobile-first Shopify tool Archetype Themes for $20 million upfront and a contingent consideration of up to $12 million, according to a Friday (Aug. 6) press release. Get the Full Story Complete the form to unlock this article and enjoy...

IPO
Mexican SMB FinTech Credijusto Could Be Listed On NYSE This Year
August 06, 2021

Tidjane Thiam’s special-purpose acquisition company (SPAC) is in exclusive talks with Mexican FinTech Credijusto and CIAL Dun & Bradstreet about merging the companies and listing them on the New York Stock Exchange later this year. Get the Full Story Complete the form to unlock this...

Security & Fraud
SEC Brings Charges In First Case Using DeFi Tech; Alleged $30M Scheme
August 06, 2021

The Securities and Exchange Commission (SEC) charged a Florida duo operating a Cayman Islands company with more than $30 million in unregistered securities sales and misleading investors, according to a Friday (Aug. 6) press release. Get the Full Story Complete the form to unlock this...