News

B2B Payments
Shipping From France To UK More Costly, Complex Due To COVID, Brexit
January 04, 2021

The cost of moving freight from France to the U.K. quadrupled last week due to the effects of Brexit as well as the more contagious new strain of COVID-19, a report from Bloomberg says. Get the Full Story Complete the form to unlock this article...

B2B Payments
RAKBANK Renews Collaboration With Invoice Bazaar To Help SMBs
January 04, 2021

The National Bank of Ras Al Khaimah (RAKBANK) has renewed its collaboration with Dubai-based FinTech Invoice Bazaar, according to a Monday (Jan. 4) announcement emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
Wells Fargo Looks To Expand Wall Street Presence
January 04, 2021

Wells Fargo, despite not being generally perceived as a leader in the world of trading and dealmaking, will push more to boost its investment bank this year, under a strategy from new CEO Charlie Scharf, Bloomberg reports. Get the Full Story Complete the form to...

IPO
Car Rental Startup Turo Plans 2021 Public Offering 
January 04, 2021

After a banner 2020, the car rental website Turo announced it is planning to pursue an initial public offering (IPO) in 2021, either traditionally or via a merger with a blank-check corporation. Get the Full Story Complete the form to unlock this article and enjoy...

Loyalty & Rewards
Travel Rewards Programs Make Major Pandemic-Era Changes
January 04, 2021

Travel loyalty rewards points have long been a currency unto themselves: buy travel to earn more (and better) travel. This worked like a charm, back when consumers could travel fearlessly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
India’s ShareChat Could Close Series E Round Led By Google, Snap
January 04, 2021

India’s social networking platform ShareChat is close to concluding a Series E funding round led by Google and Snap, TechCrunch reported on Monday (Jan. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

News
Today In Payments: US Consumers Expect To Return $115 Billion In Unwanted Gifts; Banks May...
January 04, 2021

In today’s top news, U.S. consumers are expected to return $115 billion in unwanted online orders from this holiday season, some stimulus recipients may see their checks go straight to paying overdraft fees and Ternio CEO says central bank digital currencies will drive cryptocurrency’s mainstream...

Digital Banking
Today In Digital-First Banking: Banks Ask UK To Raise Cap On Contactless Payments; Bank of...
January 04, 2021

In today’s top news in digital-first banking, the United Kingdom might increase its limit on contactless payments, while The Bank of Jamaica has drafted regulations for the nation’s ePayments sector. Plus, banks could withhold stimulus checks to cover overdraft fees, although some larger financial institutions...

Investments
Digital Banking Startup Oxygen Secures $17 Million Series A
January 04, 2021

Digital banking platform Oxygen has closed a $17 million Series A funding round that included Runa Capital, S7V, 1984.vc, EFG Hermes, Rucker Park and Inventures, the Silicon Valley startup announced in a Monday (Jan. 4) press release. Get the Full Story Complete the form to unlock...