Latin American eCommerce acquirer Valoreo has raised $50 million in a seed funding round to expand its operations in the region. The funding was one of the largest seed rounds in the region, according to an announcement from Angel Ventures, one of the investors in the...
In today’s top news, Mastercard and India’s Razorpay have teamed up for SMB digital payments, and American Express says it is cooperating with DOJ’s investigation over its SMB card sales. Plus, data shows that lower-income recipients of COVID-19 relief payments are rapidly spending their stimulus...
Amazon has closed a deal to acquire 7-year-old Australian startup Selz, a company that assists eCommerce firms in advancing digital sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The European Union’s proposed mandates to regulate Big Tech has France weighing in to wield its own power to assess penalties, the Financial Times reported on Tuesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Fabric and craft retail chain JOANN plans to go public, the company announced today in an S-1 filing with the Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Venmo is introducing a Visa-powered credit card released in conjunction with Synchrony, the company said in a blog post on Tuesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
One of the more unfortunate consequences of the great digital shift for merchants — particularly small ones — has been a surge in fraud and chargebacks. Chargebacks have always been an issue, but for those merchants that operated primarily via physical stores pre-pandemic, it wasn’t...
India’s Tata Group will buy a 68 percent stake in online grocer BigBasket for about 95 billion rupees ($1.3 billion), the TV network ET Now reported. The deal provides a full exit for China’s Alibaba Group, which owned 27 percent of BigBasket. Get the Full...
CVS said on Tuesday (Feb. 16) that it is re-entering the Obamacare health plan market next year, and that its multi-pronged response to COVID has helped it grow sales and new consumer relationships. Get the Full Story Complete the form to unlock this article and...
