News

B2B Payments
Payroll Management Firm Papaya Global Notches $40M In Series B
September 30, 2020

Global payroll company Papaya Global has landed $40 million in a Scale Venture Partners-led funding round, according to a blog post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Memo Bank Launches Interest-Bearing Account For Businesses
September 30, 2020

Paris-based business bank Memo Bank is offering a new product three months after obtaining its full banking license, the company said on Wednesday (Sept. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
Lending Platform October Raises Funding For SMB Loans
September 30, 2020

Lending marketplace October worked with major investors and raised €258 million (close to $303 million) over the summer to fund loans to small and medium-sized businesses (SMBs), the company said in a  blog post. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
September 30, 2020

One day after an Ernst & Young (EY) whistleblower’s warning about potential fraud at Wirecard was made public, the global accounting firm is facing backlash, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Walmart Showcases Airport-Inspired Store Design
September 30, 2020

Walmart on Wednesday (Sept. 30) unveiled a new store design intended to evoke walking through a well-signed airport, with the goal of adding a digitally inspired feel to in-person shopping. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
VTEX Says New Funding Puts Valuation At $1.7B
September 30, 2020

Online commerce platform VTEX completed a fund-raising round that puts its valuation at $1.7 billion, the company said in a news release Wednesday (Sept. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
Amazon Expands Into Singapore
September 30, 2020

Amazon is expanding its operations in Singapore as it grapples with growing competition in a city that is fast becoming a hub for Chinese tech giants and others looking to expand across Asia. Get the Full Story Complete the form to unlock this article and...

Retail
Today In Retail News: Spiceology Shakes Up D2C; SMBs Face Choices As Prime Day Looms;...
September 30, 2020

In today’s top retail news, Spiceology aims to shake up the D2C realm, and small and medium-sized businesses (SMBs) face decisions of how — or whether — to compete with Amazon’s October Prime Day event. Also, Big Lot anticipates positive sales growth and GoDaddy unveils...

International
Today In Payments Around The World: AmEx, Amazon Launch British SMB Cards; Volopay Collaborates With...
September 30, 2020

In today’s top payments news around the world, American Express launched co-branded credit cards with Amazon targeting small to medium-sized businesses (SMBs) in Britain, while Volopay is teaming with Nium for a new and enhanced corporate credit card. Plus, Intelage has notched $3.5 million in...