News

Regulation
UK Moves To Split Audit And Consulting Profits At Big Four
July 06, 2020

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep them within the same parent companies, under regulations announced today by the Financial Reporting Council. Get the Full Story Complete...

B2B Payments
moneycorp Expands FX Currency Services Into Canada
July 06, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. 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 daily newsletter, PYMNTS...

Retail
New York Puts Indoor Dining On Hold
July 06, 2020

New York City restaurant patrons who were hoping to dine in on Monday (July 6) as the city enters the next phase of its reopening will have to wait. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

News
Today In Payments: Uber To Buy Postmates; Amazon Plans To Expand Grocery Stores Across US
July 06, 2020

In today’s top news, Uber has agreed to buy Postmates for $2.6 billion in stock, and Amazon is planning to expand its Amazon Go grocery stores in several cities. Plus, it’s been revealed that Wirecard’s business has been losing cash for years. Get the Full...

Investments
Google Parent Alphabet Joins Amazon, Microsoft And Apple With $1T Market Cap
July 06, 2020

The four largest tech companies have regained their trillion-dollar status as the stock market continues its surprising rebound following a big slide during the early days of the coronavirus crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Indonesia’s Payfazz Raises $53M In New Round
July 06, 2020

Indonesian payment processor Payfazz has secured $53 million in Series B funding, numerous media outlets reported Monday (July 6). 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...

Discover Serves Up $5M To Bolster Black-Owned Restaurants
July 06, 2020

Discover Financial Services has launched a $5 million program targeting Black-owned restaurants. The move comes against the backdrop of the COVID-19 economic crisis and the Black Lives Matter protests that have swept the country. Get the Full Story Complete the form to unlock this article...

Partnerships / Acquisitions
Uber-Postmates Deal Shows Food Delivery Is Consolidating Like Pac-Man
July 06, 2020

Call it a real-life version of Pac-Man. Word emerged on Monday (July 6) that Uber is buying Postmates for nearly $2.7 billion in stock – the latest acquisition on a journey that looks to see who will get the biggest the fastest in the food delivery world....

Partnerships / Acquisitions
India’s Paytm To Buy Indian Insurance Co
July 06, 2020

Paytm, the eCommerce payment system and financial technology company based in India, has announced plans to purchase Raheja QBE General Insurance Co. Ltd. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...