News

Banking
Wells Fargo On How Open Banking APIs Can Help Meet Rising Consumer Payment Expectations
July 06, 2021

Consumers are now more loyal to payment methods than to merchants — meaning retailers can no longer afford to guess which payment types matter to customers. In the latest U.S. Open Banking Tracker, Imran Haider, head of open banking at Wells Fargo, explains how open...

B2B Payments
When It Comes To B2B’s Missing Invoice Payments Problem, Data Works Better Than Trust
July 06, 2021

As much as the pandemic has changed the way we all do business, it has also underscored how vitally important it is to have a solid working relationship to ensure B2B shipments, processes and payments keep flowing — especially when conditions are less than optimal....

B2B Payments
Late Invoices Challenge Vendors, But Governments Aim To Speed Payments
July 06, 2021

Late payments continue to present a challenge for companies (particularly small businesses) around the world, but this week’s B2B Data Digest shows that the public and private sectors are taking novel approaches to tackle this widespread problem. With suppliers worried about the financial risk that...

Investments
Danish Startup Pleo Closes $150 Million Funding Deal At $1.7 Billion Valuation
July 06, 2021

Business services startup Pleo raised $150 million led by Bain Capital Ventures and Thrive Capital, giving the company a $1.7 billion valuation, CNBC reported on Tuesday (July 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
India’s Pine Labs Notches $600M At $3.5B Valuation
July 06, 2021

Payments and merchant commerce firm Pine Labs raised another $315 million in an ongoing funding round led by Fidelity Management and BlackRock, the company said in a blog post on Monday (July 6).  Get the Full Story Complete the form to unlock this article and...

Payment Methods
Digital Payments Seek Life Beyond Sending Money To Friends
July 06, 2021

When most people think of digital payments, their minds still jump to use cases like splitting the dinner check, paying the babysitter or sending their college students a few extra dollars. Peer-to-peer (P2P) payments still work in all of those contexts, and quite well —...

International
Emirates Airline Pushes ePayments To Avoid Interchange Fees
July 06, 2021

Emirates airline is at the forefront of an industry effort to encourage customers to pay carriers directly from bank accounts without involving third parties and their processing fees, the Financial Times reported Monday (July 5). Get the Full Story Complete the form to unlock this article...

International
China’s Post-IPO DiDi Crackdown Shows Power Still Trumps Pragmatism In Asia’s Largest Economy
July 06, 2021

In what appears to be an increasingly common show of might, Chinese government regulators have again clamped down domestically on a high-profile, publicly-traded company, despite its prominent name recognition and deep roster of foreign investors. Get the Full Story Complete the form to unlock this...

IPO
India’s Paytm Eyes Potential $2.2B IPO Ahead Of Investor Vote Next Week
July 06, 2021

Paytm is looking to go public, according to a report from Bloomberg. 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...