News

Digital Banking
Neobank Revolut Applies For UK Financial Services License 
January 11, 2021

British challenger bank Revolut has submitted a banking license application to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

eCommerce
NEW DATA: Discounts Can Help Merchants Reduce Holiday Returns
January 11, 2021

The holiday season offered a much-needed windfall for some retailers. Many merchants were struggling to stay afloat since March 2020 when the pandemic began and welcomed any boost that holiday sales could provide. Get the Full Story Complete the form to unlock this article and...

Banking
J.P. Morgan Looks Toward Payments Modernization
January 11, 2021

The impact of the global pandemic on corporates’ digitization journeys has been undeniable. Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels...

Partnerships / Acquisitions
Hyundai, Apple Said To Be Ready For Electric Car Agreement By March
January 11, 2021

Hyundai Motor and Apple are set to make a new agreement on electric cars by March, Reuters writes, citing local newspaper Korea IT News. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

International
China’s New Commerce Rules Fight Back Against US Sanctions
January 11, 2021

China’s Commerce Ministry has unveiled new rules that prohibit companies from complying with sanctions it deems “unjustified” — regulations that, if enforced, could take the teeth out of some U.S. diplomatic measures. Get the Full Story Complete the form to unlock this article and enjoy...

Global Payments
Mexican Remittances Set Surprising US Record
January 10, 2021

Mexicans and Mexican-Americans working in the U.S. sent a record sum of money to the southern country despite the staggering blows the U.S. economy took due to the pandemic, The Wall Street Journal reported, citing data from Mexico’s central bank. Get the Full Story Complete...

Investments
Roblox Registers For Direct Listing; Expects To Be On NYSE In February
January 10, 2021

Roblox, which operates an online gaming platform that spans millions of users and millions of variations of games or related interactions, plans to go public on the New York Stock Exchange via a direct listing in February, according to an SEC filing the company submitted....

Retail
Skip It: Amazon, Walmart Tell Consumers To Keep Unwanted Gifts
January 10, 2021

Amazon and Walmart are among the big retailers trying out a new way of handling refunds, according to a report from The Wall Street Journal (WSJ). Customers can ask for a refund, but they might not have to return the item even if they’re granted...

B2B Payments
Goldiam International Debuts B2B Website For US Retail Jewelry
January 10, 2021

India-based Goldiam International has completed the soft launch of its B2B website after the acquisition of Eco-Friendly Diamonds, a successful CVD diamond growing company, a report from Business-Standard says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...