News

Investments
Retailo Raises $2.3M In Seed Round To Boost Financial Inclusion
October 12, 2020

Retailo, the Riyadh-based B2B eCommerce startup, has announced $2.3 million of funding in a pre-seed round to go toward boosting small to medium-sized businesses (SMBs) in the Middle East, according to a press release. Get the Full Story Complete the form to unlock this article...

Security & Fraud
Microsoft Joins Offensive Against Major Botnet
October 12, 2020

Microsoft Corp. is well-known for making products to defend computers that run its software from attacks, but on Monday (Oct. 12) the company announced that it led a major offensive operation against one of the world’s most notorious botnets. Get the Full Story Complete the...

Banking
Revolut Likely To Apply For US Bank Charter
October 12, 2020

European digital bank Revolut, the continent’s largest such institution with 13 million users, is close to applying for a U.S. banking license, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Do Customers Really Miss Going To The Store After All?
October 12, 2020

The New York Times has a new theory about the rapid rise of curbside pickup: Consumers really, really miss going to the store — and picking up curbside gives them a reason to get out there, even if they never make it through the front door....

B2B Payments
FlowBank To Use Temenos SaaS To Boost Investor Services
October 12, 2020

Software as a Service technology by banking software company Temenos will be used to power the new FlowBank digital bank solution in Switzerland, a press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
Big Tech Regulatory Tracker: Supreme Court Hears Arguments In Oracle, Google Dispute; Ukraine Considers Tax...
October 12, 2020

Here’s the latest news from Big Tech firms, which are coming under increasing scrutiny from regulators and politicians from the U.S. to Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
Ninjacart Lands New Funding From Walmart, Flipkart
October 12, 2020

India’s Ninjacart, which brings high-tech services including supply chain infrastructure to the country’s produce market, has secured new funding from existing investors Walmart and Flipkart Group, the company announced on Monday (Oct. 12). Walmart owns Flipkart. Get the Full Story Complete the form to unlock...

Investments
FinTech N26 Mulls New Funding Round
October 12, 2020

Just months after a fundraising round that left the company’s value at $3.5 billion, Berlin-based FinTech N26 is exploring seeking additional investments in calendar 2021, Bloomberg reported Monday (Oct. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
Singapore Businesses Struggle To Get Paid Following Wirecard Shutdown
October 12, 2020

Singapore businesses are struggling to get paid following the shutdown of German payment processing firm Wirecard, according to a Monday (Oct. 12) report in the Financial Times. Since the shutdown, Singapore businesses have pushed to process payments for such things as telephone bills and restaurant meals. ...