News

Partnerships / Acquisitions
Uber Becomes Sole Owner Of Grocery Startup Cornershop
June 21, 2021

Uber has reached an agreement with the owner of Cornershop to become the Chilean grocery delivery startup’s sole owner. 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...

Delivery
Instacart Expands Delivery Service To Montreal—In French
June 21, 2021

Instacart, an online grocery platform in North America, has launched its service in Montreal — and in French. The company already operates in the U.S. and Canada, but until now has been only available in English. Get the Full Story Complete the form to unlock...

IPO
Healthy Choice QSR Sweetgreen Files For IPO
June 21, 2021

Health-conscious quick-service restaurant (QSR) chain Sweetgreen Inc., has filed confidentially for an initial public offering of stock (IPO), the firm said in a Monday (June 21) press release. The Los Angeles startup said the number of shares of Class A common stock to be sold...

Retail
What US Grocers Could Learn From Alibaba’s Connected Supermarket Experience
June 21, 2021

When it comes to integrating eCommerce into the brick-and-mortar grocery experience, China may be pulling ahead. While the United States is getting a new digitally-enabled Amazon grocery store every few months, reports from China show the high tech supermarket chain skyrocketing to prominence. Digitally native...

Cross-border Payments
Fiserv, Deutsche Bank Team On Payment Acceptance For German SMBs
June 21, 2021

Fiserv and Deutsche Bank are working together on a joint venture to provide payment acceptance and banking offerings to small and medium-sized businesses (SMBs) in Germany – pending regulatory approval, according to a Monday (June 21) announcement. Get the Full Story Complete the form to...

Retail
KKR Pays $625 Million For Controlling Stake In India’s Vini Cosmetics
June 21, 2021

Global investment firm KKR is spending $625 million to buy a majority stake in Indian personal care and beauty products company Vini Cosmetics with the aim of scaling the startup’s presence in Asia and other fast-growing markets in the region. Get the Full Story Complete...

Retail
Deluge Of Prime Day Events Risks Overwhelming Shoppers With Tsunami Of Sales
June 21, 2021

With Amazon’s much-hyped and anticipated 48-hour Prime Day sales event now officially underway, and scores of parallel promotions happening at rival retail sites and stores, consumers are facing a tsunami of sales to sort through. As a result, the average shopper’s ability to unlock true...

Retail
Grubhub To Provide Mobile Ordering For Resorts World Las Vegas
June 21, 2021

Hotels let guests charge food and beverage purchases to their rooms by signing a receipt, but one property is taking a bit of a different approach. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
As Australia Cuts Supplier Payment Terms, U.S. Firms Enjoy Delays
June 21, 2021

Late B2B payments are a universal issue, with businesses around the globe feeling the cash flow pressure from delayed invoice payments. Yet not all jurisdictions address the pain point in the same way. This week’s B2B Data Digest looks at the latest initiatives in Australia,...