News

Partnerships / Acquisitions
Shopify Acquires Primer For AR Home Design Tools
June 11, 2021

eCommerce platform Shopify has acquired Primer, an augmented reality (AR) app that lets users test the effects of a home improvement project before getting their hands dirty. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

International
Soaring Post-Lockdown Demand Challenges UK Cocktail Bars
June 11, 2021

Amid soaring demand following pandemic lockdowns and with summer cocktails popular amid the recent good weather, the U.K.’s cocktails bars are having a difficult time satisfying demand from bargoers, the Financial Times (FT) reported Friday (June 11). Get the Full Story Complete the form to...

International
Mobile Payments Firm Paga Aims For $1 Billion+ Valuation And Eyes Growth Beyond Nigeria
June 11, 2021

Paga, the largest mobile payments firm in Nigeria, is aiming to be the next company worth at least a billion dollars in Africa. The company counts 17 million unique users among its ranks, which range from consumers to companies and those who start tech firms....

Security & Fraud
Security Breach Exposes Data Of 3.3 M Volkswagen, Audi Customers, Interested Buyers
June 11, 2021

(Editor’s Note: The original version of this story has been updated with new comments from VW)  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...

Retail
Today In Retail: SIGNA Sports United To Go Public Via SPAC; Signet Jewelers Revenue Almost...
June 11, 2021

In today’s top retail news, SIGNA Sports United (SSU) struck a deal to go public by combining with a blank-check company, while Signet Jewelers reported that its revenue nearly doubled from last year. Plus, vintage goods marketplace 1st Dibs went public. Get the Full Story...

IPO
Didi IPO Filing Shows Rebound From Pandemic Lows, Mobility Market Potential 
June 11, 2021

The parade of listings from platform companies, and digital disruptors aiming and streamlining everyday activities, continues. To that end, Didi Chuxing Technology Co. filed its F-1 (under its official name, Xiaoju Kuaizhi Inc.) with the SEC to go public in the U.S., with American depositary...

B2B Payments
How Removing Paper Check Payment Friction Can Open The Door To B2B Payment Digitization
June 11, 2021

Businesses’ migration to online payment tools has accelerated over the past year, but that does not mean they are ready to completely relinquish the B2B payment methods they have utilized for decades. Paper checks still occupy an important space in the B2B and even the...

Investments
ResTech Startup Popmenu Notches $65 Million Led By Tiger Global
June 11, 2021

The restaurant software-as-a-service (SaaS) startup Popmenu raised $65 million in a Series C funding round led by Tiger Global, according to a press release on Friday (June 11). Additional backers included new investor Salesforce Ventures and existing investors Bedrock Capital, Base10 Partners and Felicis Ventures....

Security & Fraud
Cyberattacks Doubled In Europe During Pandemic
June 11, 2021

Cybercrime in Europe doubled in the past year as hackers took advantage of the pandemic, CNN reported, citing figures from the European Union. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...