News

Security & Fraud
India’s Central Bank Demands MobiKwik Examine Alleged Data Leak
April 01, 2021

India’s central bank is demanding that the digital payments firm MobiKwik have an external audit conducted regarding allegations that a hacker stole data from its 110 million users, Reuters reported on Thursday (April 1), citing sources. Get the Full Story Complete the form to unlock...

News
Today In Payments: Mastercard Invests $100 Million In Airtel Africa; DoorDash-Olo Suit Highlights Delivery Economics
April 01, 2021

In today’s top news, Airtel Africa is valued at $2.65 billion after closing a $100 million deal with Mastercard, and DoorDash is suing business partner Olo for allegedly years of overcharging. Plus, SPAC deals hit a record $1.3 billion in the first quarter of 2021....

Retail
Grocery Roundup: Digital Innovation Targets The ‘Connected Customer’
April 01, 2021

At a virtual Food Marketing Conference, Kevin Holt, CEO of Ahold Delhaize USA (ADUSA), told attendees that the company is looking for more seamless, convenient ways to target today’s “connected customer,” reported Supermarket News. Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
Vacasa Adds 6,000 Properties With Turnkey Vacation Rentals Acquisition
April 01, 2021

Portland, Oregon-based Vacasa has completed its acquisition of Turnkey Vacation Rentals, a vacation rental-property manager in more than 80 markets across the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Today In Retail: Kohl’s Board Aims For Re-Election; reCommerce Platform Backflip Officially Launches
April 01, 2021

In today’s top retail news, Kohl’s present board is seeking re-election amid an activist challenge, while Backflip has left stealth mode and officially rolled out. Plus, Guess anticipates that sales and earnings will double by 2025. Get the Full Story Complete the form to unlock...

Delivery
Deliveroo’s IPO Flopperoo Driven By Workforce Regulation Changes
April 01, 2021

U.K.-based food delivery app Deliveroo is not having a terrific first week on the public markets.  The Amazon-backed delivery service saw its share price plunge 30 percent on its first day of trading before eking out a small recovery that still left stock priced down...

IPO
Frontier Airlines Raises $570 Million IPO At $4 Billion Valuation
April 01, 2021

The budget carrier Frontier Airlines is expecting to raise $570 million when it starts trading on Nasdaq on Thursday (April 1), giving the Denver-based company an estimated $4 billion valuation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Digital Banking
Malaysia’s Central Bank May Give Out 5 Digital Licenses This Year
April 01, 2021

The Malaysian central bank, Bank Negara Malaysia, reportedly may issue up to five licenses for digital banks by the first quarter of 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

IPO
Real Estate Startup Compass Raises $450 Million In Downsized IPO
April 01, 2021

Real estate technology startup Compass scaled back its initial public offering (IPO), raising $450 million, about 50 percent less than anticipated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...