News

B2B Payments
AvidXchange Connects With Concur Invoice For Vendor Payments
November 10, 2020

Accounts payable (AP) and payment automation provider AvidXchange has rolled out a connection with Concur® Invoice for vendor payments. 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...

Payment Methods
Mazooma, Plaid Team Up To Advance Payments For iGaming, Sports Betting
November 10, 2020

Gaming FinTech Mazooma has formed a partnership with FinTech data network Plaid to bring an instant transfer solution to the iGaming and sports betting industry, according to a Tuesday (Nov. 10) press release. Get the Full Story Complete the form to unlock this article and...

Retail
Alibaba’s Singles’ Day Will Double As Economic Barometer
November 10, 2020

China’s 1.4 billion people will mark Singles’ Day – the country’s exponentially larger answer to America’s Black Friday or Prime Day events – on Wednesday (Nov. 11), with analysts expecting companies to ring up billions of dollars in online sales. Get the Full Story Complete...

B2B Payments
Paytm Rolls Out Payout Links For B2B Payments
November 10, 2020

Indian payment firm Paytm has rolled out Payout Links for companies, which lets them immediately process payouts to suppliers, workers and clients without receiving their banking details, according to a Tuesday (Nov. 10) blog post. Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
Installment Payments Startup Quadpay Snaps Up Fashion Search Engine Urge Holdings
November 10, 2020

Quadpay is buying fashion search engine Urge Holdings in a deal the installment payments startup hopes will boost sales for its retail partners and give its customers more shopping options. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
China Releases Draft Rules To Prevent Tech Monopolies
November 10, 2020

China’s efforts to ramp up its regulatory game continued on Tuesday (Nov. 10) with the release of draft rules for governing eCommerce giants and payments services with the goal of curbing monopolistic behavior, Reuters reported. Get the Full Story Complete the form to unlock this...

News
Today In Payments: Amazon Faces EU Antitrust Charges Over Seller Data; India’s Antitrust Regulator Targets...
November 10, 2020

In today’s top news, Amazon is facing antitrust charges in the EU over seller data, and India’s competition watchdog is looking into whether Google has abused its power in pushing its payment app. Plus, Ant Group’s valuation could be cut in half over its stalled...

International
Alibaba Gets Into The Garment Manufacturing Business
November 10, 2020

As most companies rush to grow their online presence, Alibaba is actively seeking to expand its offline footprint through its new manufacturing division, Xunxi. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Investments
Indonesian FinTech LinkAja Closes $100M Series B Led By Singapore Super App Grab 
November 10, 2020

Indonesian FinTech LinkAja closed a series B funding round led by Singapore super app Grab, with participation from Telkomsel, BRI Ventura Investama and Mandiri Capital Indonesia.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...