News

IPO
Discount eCommerce Platform Wish Files $1B IPO
November 20, 2020

Silicon Valley global eCommerce unicorn Wish has filed for a $1 billion initial public offering (IPO) on Nasdaq, according to a U.S. Securities and Exchange (SEC) filing on Friday (Nov. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

News
Today In Payments: Citi Partners With Mastercard For Google Pay Plex Accounts; PayPal Boosts Xoom’s...
November 20, 2020

In today’s top news, Citi partners with Mastercard to power its Google Pay Plex accounts, and PayPal upgraded Xoom’s money transfer services. Plus, the CFO of Walgreens doesn’t feel threatened by Amazon’s foray into the pharmacy industry. Get the Full Story Complete the form to...

Retail
Samsung: Wearables Sales Soared 30 Pct In 2020
November 20, 2020

Wearable device sales have shot up at least 30 percent this year as consumers looked to technology to help them monitor their health during the ongoing global pandemic, according to a top Samsung executive. Get the Full Story Complete the form to unlock this article...

Security & Fraud
German Lawmakers Push For Further Questioning Of Former Wirecard CEO Braun
November 20, 2020

German lawmakers are determined to call back Wirecard AG’s former CEO Markus Braun to give further testimony after he refused to answer their questions during a hearing in Berlin about the downfall of the once high-flying European FinTech company. Get the Full Story Complete the...

Retail
COVID-19 Has Retailers Nudging Black Friday Shoppers Online
November 20, 2020

Don’t look now, but Black Friday – historically the busiest shopping day of the year – actually started three weeks ago at websites everywhere. At a time when the coronavirus has already changed so many aspects of our daily lives, a revision of this post-Thanksgiving...

Partnerships / Acquisitions
India OKs $3.4B Future, Reliance Deal Over Amazon’s Protests
November 20, 2020

The Competition Commission of India (CCI) approved a $3.4 billion deal between the country’s two retail giants — Reliance Retail and Future Group — despite protests by Amazon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment
November 20, 2020

Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Plus, Simfoni lands on Vroozi’s procure-to-pay platform, Kyrbia collaborates with an Italian bank on supply chain financing, and the EU’s digital chief...

Retail
Holiday Digital Disconnect Looms Between Merchants And Consumers
November 20, 2020

The holidays are here. So, too, is a spike in COVID-19 cases. With a resurgence in public health concerns, it makes sense that commerce would increasingly skew digital, with the comfort of … well, touching as little as possible. Get the Full Story Complete the form...

Banking
COVID Casts More Doubt On Future Of Bank Branches
November 20, 2020

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible. Consumers were already shifting...