News

Retail
Grocers Turn To Private Labels To Drive Sales, Boost Margins
May 17, 2021

In 2020, private label sales hit a record high, accounting for almost a quarter of all products sold during the year, hitting an all-time high of $27.3 billion, said the industry trade group Private Label Manufacturers Association. Get the Full Story Complete the form to...

B2B Payments
ABN AMRO Debuts Invoice Help For Corporates
May 17, 2021

ABN AMRO will be making services for business owners to more efficiently deal with invoices, according to a press release on Monday (May 17) Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Indian B2B eCommerce Firm Moglix Lands $120 Million In Funding
May 17, 2021

Moglix, located in India, landed $120 million in new funding, bringing its valuation to a billion dollars to transform the company into a new unicorn. The industrial B2B commerce company has raised $220 million in total funds with the newest round, according to a Monday (May...

Bitcoin
Bitcoin Daily: Report: Up To 87 Pct Of Dogecoin Is Controlled By Chinese Companies; Bitcoin...
May 17, 2021

Up to 87 percent of Dogecoin mining is done by Chinese-affiliated companies or is mined in China outright, Crypto New Media reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

B2B Payments
B2B Payments Today: AR’s Influence Over Faster B2B Payments; Proactis Invests In Spend Management Infrastructure
May 17, 2021

Today in B2B payments, Gaviti discusses accounts receivable’s influence over faster payments, and Proactis invests in its spend management technology. Plus, Engage Mobilize explores blockchain’s potential in industrial procurement, B2Z launches a suite of insurance products for small businesses and Recognise Bank partners with Mambu....

B2B Payments
Nium Debuts Digital Payments Solution For Maritime Companies
May 17, 2021

Global payment platform Nium has been implemented by maritime company Bernhard Schulte Shipmanagement (BSM), a Monday (May 17) press release said, in order to help digital payments be better accessible for seafarers. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Australia’s Ticketek Enables Digital Purchases Via NFC Or QR Code
May 17, 2021

Ticketing agency Ticketek has launched an App Clip that enables iPhone users attending sports or other live events in Australia to purchase digital tickets by tapping an NFC tag or scanning a QR code displayed outside venues without needing to download the firm’s app. Get the Full...

Partnerships / Acquisitions
Metromile, Hippo Team On Discount For Bundling Home, Auto Insurance
May 17, 2021

Online insurance platform and pay-per-mile vehicle insurer Metromile and Hippo Insurance Services, which offers home insurance, will collaborate to provide a multipolicy discount on auto and homeowners insurance to consumers, according to a Monday (May 17) announcement. Get the Full Story Complete the form to...

IPO
Digital Billing Firm Paymentus Aims To Raise $210 Million In IPO
May 17, 2021

Paymentus Holdings Inc. is seeking a valuation of up to $2.4 billion in its U.S. initial public offering (IPO), Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...