News

B2B Payments
Alfa-Bank Signs On To Contour International Trade Finance Network
November 03, 2020

Russian financial institution (FI) Alfa-Bank has become a part of the Contour global network of trade finance. Contour lets bank clients follow the handling and revisioning of a trade finance transaction live with the help of blockchain, according to a Tuesday (Nov. 3) announcement. Get...

Retail
Wayfair, Home Furnishings Sector Looks Past COVID Winter
November 03, 2020

Go home and stay home until we sound the all-clear, they said. So, we did. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

News
Today In Payments: PayPal To Bring Pay Later To Venmo; Jack Ma Tells Regulators Ant...
November 03, 2020

In today’s top news, PayPal announced third-quarter earnings and new BNPL services, and Ant Group’s IPO has been suspended. Plus, Amazon and Apple are each poised to hit $100 billion in revenue in the fourth quarter. Get the Full Story Complete the form to unlock...

B2B Payments
FLEETCOR Looks To Invest $1B Despite Pandemic M&A Slowdown
November 03, 2020

FLEETCOR is looking to invest $1 billion this year, despite an M&A slowdown in the payments sector due to the ongoing pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
IKEA: Second Wave Of COVID-19 Lockdowns Won’t Hit As Hard
November 03, 2020

IKEA said it’s ready to forge ahead, despite new COVID-19 restrictions in Europe that threaten economic recovery. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

eCommerce
Microsoft Backing Indonesian eCommerce Startup Bukalapak
November 03, 2020

Microsoft is participating in a $100 million investment in the Indonesian eCommerce site PT Bukalapak.com, according to a Bloomberg report on Tuesday (Nov. 3), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

News
Today In Payments Around The World: Ocado Buys Robotics Firms For Automation; IMF Asks G20...
November 03, 2020

In today’s top payments news around the world, Ocado is bolstering its automation push by buying two robotics companies, while the International Monetary Fund (IMF) is calling for the Group of Twenty (G20) member states to keep pumping money into their economies to mitigate the effects...

IPO
Russian eCommerce Marketplace Ozon Eyes Nasdaq IPO
November 03, 2020

The eCommerce marketplace Ozon, considered to be Russia’s answer to Amazon, has filed for an initial public offering (IPO) in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Digital Banking
Today In Digital-First Banking: Zelle Exceeds 1B P2P Payments; China’s Digital Yuan Tests Process 4M+...
November 03, 2020

In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look...