News

Ridesharing
Didi Chuxing Plans To Bring Its Ride-Hailing Service To Europe
February 24, 2021

Didi Chuxing Technology Co. plans to bring its ride-hailing services to Western Europe, Bloomberg reported, citing “people familiar with the matter.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Today In Retail: GoFor Debuts ‘Shop Local’ Initiative In US Cities; CVS Health Will Offer...
February 24, 2021

In today’s top retail news, GoFor Industries has debuted a “Shop Local” effort in some U.S. cities, while certain CVS Pharmacy stores in six additional states will get COVID-19 vaccines to qualified populations. Plus, Lowe’s reported total sales of $20.3 billion for the fourth quarter....

International
China Hands Out Free Money, Adds Chengdu To Digital Yuan Test Cities
February 24, 2021

The southwestern Chinese city of Chengdu will give out over $6 million in the latest test drive of the central bank’s digital currency, CNBC reported. Earlier this month, China’s central bank said it was handing out $1.5 million in digital yuan to 50,000 Beijing residents. Get...

Investments
Brazil’s RecargaPay Raises $70 Million To Expand Payments App
February 24, 2021

Brazil’s RecargaPay has raised $70 million in a Series C funding round to expand its payments platform for consumers and small businesses. The funding round, led by IDC Ventures and Fuel Venture Capital, brings RecargaPay’s total funding to over $100 million. Other investors include Experian,...

Retail
BigCommerce Collaborates With Walmart On Marketplace Access
February 24, 2021

Software-as-a-Service (SaaS) online shopping platform BigCommerce has teamed with Walmart in a new partnership. The collaboration will let qualified U.S. retailers sell merchandise directly on Walmart Marketplace, providing them with access to over 120 million unique shoppers visiting the Walmart website monthly, according to a Wednesday...

Retail
New Robots Emerge To Automate Every Stage Of Restaurant Operations
February 24, 2021

As the automation of food service progresses, new robots are emerging to tackle a wider range of kitchen tasks. Previously, we saw robots take on salads, bowls and burgers. Now, two new restaurants in Illinois created by Nala Robotics will use automated kitchens to create...

B2B Payments
Today In B2B: Comdata Unveils New Fleet Card; Bookipi Debuts Invoice Payments Tool
February 24, 2021

Today in B2B payments, Comdata rolls out a new fleet card for small fleets, and Bookipi launches an invoice payments feature. Plus, reports say corporates gloss over the pandemic’s impact on revenues, Advanced Fraud Solutions targets supplier fraud and Ledgermatic collaborates on blockchain for corporates....

Digital Banking
Today In Digital First Banking: Central Banks Of UAE, China Join CBDC Effort; State Bank...
February 24, 2021

In today’s top news in digital-first banking, the central banks of China and the United Arab Emirates (UAE) are joining a digital currency initiative for cross-border payments, while the State Bank of India (SBI) is reportedly signing onto a blockchain network. Plus, Citibank has announced it...

Retail
TalkShopLive Is A ‘Digital Main Street’ Of Livestreamed Storefronts
February 24, 2021

Whether it’s small businesses with a single employee, a Fortune 500 retailer doing a product launch or an A-list celebrity discussing her new book, the impact and intimacy of streaming commerce platform TalkShop.Live is gaining converts as well as conversions. Get the Full Story Complete the...