News

International
Wendy’s, Rebel Foods Partner For 250 Ghost Kitchens In India
December 01, 2020

U.S.-based fast food chain Wendy’s is partnering with India’s Rebel Foods and Sierra Nevada Restaurants to launch roughly 250 ghost or cloud kitchens across India. As part of a strategic partnership designed to increase Wendy’s presence in the country, Sierra Nevada will also develop 150...

News
Today In Payments Around The World: Meituan Revenues Surge 28.8 Pct; Amazon Merchants Cash In...
December 01, 2020

In today’s top payments news around the world, total revenues for China-based Meituan increased in Q3 by 28.8 percent year over year, and Amazon merchants rang up over $4.8 billion in global sales from Black Friday up to Cyber Monday. Plus, former Google CEO Eric...

Retail
Kohl’s Teams With Sephora To Launch In-Store Shops
December 01, 2020

Kohl’s and Sephora are partnering for a long term shop-in-shop strategy to enhance the selection of available beauty products. 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...

Retail
Cyber Monday: Sales Records Abound For Obsolete Holiday
December 01, 2020

Anyone who missed the significance of Cyber Monday this year gets a hall pass. The pandemic has rendered what started in 2005 as a reason for people to shop at work after a long holiday weekend meaningless. Yes, the numbers were there – but Cyber...

B2B Payments
Today In B2B: Virgin Money Chooses Biz Banking Partner, Iceland Debuts Instant Payments
December 01, 2020

Today in B2B payments, Virgin Money has tapped a FinTech partner as it prepares the rollout of its business banking offering, while Iceland debuts its instant payments network. Plus, Altana raises funding for its supply chain technology, Velo Labs partners with Visa on SME lending...

Regulation
EU’s Vestager Looks To Curb Power Of Fast-Growing Tech Platforms
December 01, 2020

European Union competition watchdogs are looking to not only rein in today’s Big Tech online platforms, but also create rules that would prevent new companies from achieving market dominance in the future, a top EU regulator says. Get the Full Story Complete the form to...

Retail
Small Business Digital Platform GoSite Lands $40 Million
December 01, 2020

GoSite, a digital platform for small businesses, has landed $40 million in a Left Lane Capital-led Series B fundraising round. Cove Fund, Longley Capital, Ankona Capital, Stage 2 and Serra Ventures also took part in the round, according to a Tuesday (Dec. 1) announcement. Get...

Retail
Southern Glazer’s Rolls Out Business-To-Customer Digital Team
December 01, 2020

Beverage alcohol distributor Southern Glazer’s Wine & Spirits has rolled out a new Business-to-Customer eCommerce workforce, according to a Tuesday (Dec. 1) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Expense Management Innovates For The Return Of Corporate Travel
December 01, 2020

Business travel volumes are still in a record slump as the coronavirus crisis rages on. And if there’s one thing for certain about the future of the business trip, it’s that nothing is certain. Get the Full Story Complete the form to unlock this article...