News

Digital Banking
FinTechs Vie For Digital Banking Licenses In Malaysia
July 01, 2021

Grab and AirAsia are among the 12-plus companies in Southeast Asia hoping to land a digital banking license in Malaysia, Reuters reported on Thursday (July 1), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

eCommerce
Hepsiburada Finishes Off US IPO As It Eyes Super-App Future 
July 01, 2021

Hepsiburada may not be a household name here in the U.S., but as of its IPO on the Nasdaq on Thursday (July 1), the company now carries a $1.9 billion valuation from the first-of-its-kind listing by a Turkish firm. With the funds now in hand,...

Partnerships / Acquisitions
Rapyd To Acquire Valitor For $100M To Expand Omnichannel Payments
July 01, 2021

FinTech-as-a-Service startup Rapyd announced Thursday (July 1) it will spend $100 million to acquire Icelandic payments solution firm Valitor from Arion Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

News
Today In Payments: Coinbase Planning App Store; Amex Partners With Better, Rocket Mortgage
July 01, 2021

In today’s top news, Coinbase is planning to make a cryptocurrency app store on blockchain, and American Express now offers reward credits for cardholders who get mortgages through Better or Rocket Mortgage. Plus, three Nordic mobile payment apps are merging to make one European digital...

Investments
Drone Delivery Startup Zipline Gets $250M For Instant Logistics
July 01, 2021

The drone delivery startup Zipline announced $250 million in new funding this week, bringing the company’s valuation to $2.75 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

International
The EU Unveils Its COVID Travel Passport
July 01, 2021

The EU Digital COVID Certificate Regulation went into effect on Thursday (July 1), making it easier for citizens and residents of the EU who have been vaccinated to travel through the region. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
More CFOs Choosing Transformation Over Mere Digitization As AP/AR Function Morphs
July 01, 2021

Of all the weird notes on which 2021 began, it was a wave of chief financial officer (CFO) resignations that vied for the most head-scratching headlines, like The Wall Street Journal blaring that “More Finance Chiefs Resigned in 2020 Than in Previous Years” — up...

Partnerships / Acquisitions
Zebra Plans Fetch Acquisition To Further On-Demand Automation
July 01, 2021

Front line business firm Zebra Technologies is planning to acquire cloud-driven autonomous mobile robot (AMR) startup Fetch Robotics for an estimated $290 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
Dubai Cloud Kitchen Startup Kitopi Raises $415M
July 01, 2021

Kitchen as a Service (KaaS) startup Kitopi closed a $415 million Series C funding round led by SoftBank Vision Fund 2 to advance its expansion in the Middle East. Participation in the funding also came from Chimera, DisruptAD, B. Riley, Dogus Group, Next Play Capital...