News

Regulation
China Eyes Limits On Bank, FinTech Partnerships
December 20, 2020

Chinese officials may limit the number of financial institutions to which any single FinTech platform may connect, Reuters reported, citing coverage by state media. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Razorpay To Offer Products To SMBs Via B2B App Store
December 20, 2020

Indian FinTech unicorn Razorpay is expanding the breadth of its B2B offerings through a new platform it’s calling an app store that will connect customers with third-party companies, financial news site Mint reported. It is also offering a range of languages customers will be able...

International
Report: Jack Ma Offered Part Of Ant Group To Chinese Government To Smooth Over IPO...
December 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group, the FinTech he founded, to the country’s government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall...

Security & Fraud
Purported COVID-19 Vaccines Hit Dark Web
December 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the “dark web,” the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday...

Security & Fraud
Report: Fraudsters Have Modified Approaches In Wake Of eCommerce Boom
December 18, 2020

Digital trust-and-safety company Sift said that 2020 has been a “banner year” for online shopping sales, but that scammers have modified their approaches to take advantage of the boom, according to an announcement. Get the Full Story Complete the form to unlock this article and...

Retail
Mtn Dew Keeps D2C, Gamer Connection Alive
December 18, 2020

The direct connection between consumer packaged goods (CPG) and the gaming business continues to strengthen. In fact, this week they became inseparable, because Mtn Dew has introduced a soda aimed at gamers with a loyalty program to drive gameplay as well as purchases. Get the...

Investments
Gojek Buys Stake In Indonesia’s Bank Jago
December 18, 2020

Gojek, which bills itself as “Southeast Asia’s leading on-demand services and payments platform,” said in a news release that it has invested in Indonesia-listed technology-based Bank Jago. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
Disbursements, Main Street SMBs And BarkBox’s Merger With SPAC Top This Week’s News
December 18, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of the last full work week before Christmas. We have deep dives on disbursements, Main Street small- to mid-sized business (SMBs) and BarkBox reportedly combining with Northern Star Acquisitions...

Investments
PayPal Supports Black-Owned Ventures With Additional $5 Million Grant
December 18, 2020

PayPal is extending additional support to Black-owned businesses by way of a $5 million grant that builds on the $10 million PayPal Empowerment Grant program launched in June.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...