News

B2B Payments
Subscription Commerce Co AppDirect Nets $185M For Expansion
September 16, 2020

Subscription commerce platform AppDirect announced a new funding round of $185 million, which it will use to fund new expansions, hiring and strategic acquisitions, according to a Wednesday (Sept. 16) press release. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
VSoft Debuts Merchant Network For Real-Time B2B Payments
September 16, 2020

To enable quicker and less expensive transactions for small and medium-sized businesses (SMBs) and peer-to-peer (P2P) users, VSoft has rolled out its new Bread merchant services network. The platform lets retailers take real-time payments from clients without a transfer or waiting period, according to a...

IPO
Snowflake’s Stock More Than Doubles Following IPO
September 16, 2020

Shares of Snowflake Inc. more than doubled on their first day of trading Wednesday (Sept. 16) as banks and investors embrace cloud-based payment solutions amid COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

IPO
Report: Walmart’s Flipkart To Go Public
September 16, 2020

India’s Flipkart Group, the eCommerce firm owned largely by Walmart Inc., is preparing an initial public offering (IPO) as early as next year, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Retailers And Landlords Work Together (Not Always Happily) To Save Brick-And-Mortar Stores 
September 16, 2020

U.K. retail chain New Look made headlines this week for striking a deal to effectively receive a three-year rent holiday on 68 of its stores and massive rent reductions on more than 400 others. The deal allows the struggling apparel seller to potentially stay alive and keep roughly...

News
Today In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll
September 16, 2020

In today’s top news, Chinese authorities have made several arrests alleging cybercriminals laundered $2 billion through faux eCommerce purchases, and Square announced the launch of two real-time payment features. Plus, Facebook could face a Federal Trade Commission (FTC) antitrust suit. Get the Full Story Complete...

Partnerships / Acquisitions
Telefónica Shakes Up 5G Race With Rakuten Deal
September 16, 2020

Telefónica is teaming up with a pioneering Japanese eCommerce company in a bid to speed up the rollout of 5G. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Fitness Platform Zwift Notches $450M Amid Home Workout Investment Craze
September 16, 2020

Indoor, at-home training is apparently an in thing right now during the age of social distancing and coronavirus restrictions. 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...

International
Today In Payments Around The World: WorldRemit Introduces Tracking App; SBM Bank India Collaborates With...
September 16, 2020

In today’s top news in payments around the world, WorldRemit has launched a WorldRemit Transfer Tracker mobile app, and SBM Bank India has introduced a premium debit card for high-net-worth clients with Mastercard. Plus, Standard Chartered and Amazon.ae are launching a new installment payment method...