News

Partnerships / Acquisitions
Indonesian Wireless Network Telkomsel Eyes Investing $150M In Gojek
October 29, 2020

Indonesia’s biggest wireless carrier, state-owned Telekomunikasi Selular, is considering buying $150 million of convertible bonds issued by ride-hailing startup Gojek, Bloomberg reported, citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Global Payments
World Bank Sees Remittance Flows Shrink Amid Pandemic
October 29, 2020

The pandemic is affecting the amount of money migrant workers can send home, with remittances projected to drop 7 percent this year to $508 billion and forecasted to drop a further 7.5 percent by 2021, according to a statement  from the World Bank Thursday (Oct....

B2B Payments
Pleo Launches Expense Management Tool Pleo Pocket
October 29, 2020

Pleo is offering new services bundled under the brand Pleo Pocket that will make it easier for businesses to centralize financial information, according to a blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
Walmart Chile Sued By Association Of Suppliers
October 29, 2020

The Chilean unit of Walmart Inc. has been sued in Chile by suppliers alleging anti-competitive practices, Reuters reported. 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...

Security & Fraud
US Hospitals Threatened By Ransomware Attack
October 29, 2020

A ransomware attack has infiltrated the healthcare system and affected five hospitals, the Associated Press (AP) reported. 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...

B2B Payments
Radius Bank Rolls Out API Platform For B2B Banking
October 29, 2020

Radius Bank has advanced in its relationship with application programming interface (API) firm Treasury Prime with the rollout of its Commercial API Banking Platform and sandbox testing technology, according to a Thursday (Oct. 29) announcement. Get the Full Story Complete the form to unlock this...

IPO
Foreign Investors Stand To Gain $8B With Ant Group’s IPO
October 29, 2020

Ant Group’s pending IPO could spell a multibillion-dollar payday for a small and elite group of foreign investors, who bought a stake in the giant Chinese FinTech two years ago, The Wall Street Journal reports. Get the Full Story Complete the form to unlock this...

News
Today in Payments: Mastercard Q3 Shows Cross-Border Spend Slump; Pinterest Revenue Surges As Ads Shift...
October 29, 2020

In today’s top news, Mastercard third-quarter earnings demonstrated the shift to digital, and Pinterest revenue was boosted due to a shift away from Facebook. And Visa’s earnings report revealed a rebound in consumer spending. Get the Full Story Complete the form to unlock this article...

International
Today In Payments Around The World: Paidy Rolls Out ‘3-Pay’ Offering; Grab, Marriott Team On...
October 29, 2020

In today’s top payments news around the world, Paidy debuted its 3-Pay as online commerce is on the rise in Japan, while Marriott International and Grab are teaming to bring premium hospitality experiences to customers. Plus, a new poll finds that this year’s Singles’ Day...