News

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...

IPO
Ant Group’s IPO Journey Faces Regulatory Hill – Is Lending In Crosshairs?
November 03, 2020

For Ant Group, for Alibaba, and for the biggest IPO ever, it’s a case of hurry up and wait. 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...

Social Commerce
Pinterest Gains Advertisers As It Competes With Other Social Networks
November 03, 2020

At a time when chaos and turmoil seem to have permeated everything from the pandemic to politics, social media sharing platform Pinterest is winning new advertisers large and small who are drawn to it as a haven of safety and positivity. While Facebook was never mentioned by name...

Investments
Indonesia’s Logistics Startup Logisly Raises $6M Series A
November 03, 2020

Logisly, a logistics startup headquartered in Jakarta, Indonesia, notched $6 million in a Series A funding round led by Monk’s Hill Ventures, according to a report in Tech Asia on Tuesday (Nov. 3). Get the Full Story Complete the form to unlock this article and...

Security & Fraud
Sweden’s Folksam Insurance Group Reports Data Breach Involving Big Tech
November 03, 2020

One of Sweden’s largest private insurers, Folksam Group, says a data breach affected one million of its clients. Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. Get the Full Story Complete the form to unlock this article...