News

Investments
Google Eyes Investing In Indonesia’s eCommerce Hub Tokopedia
July 05, 2020

Google and Temasek Holdings Private Ltd., an investment company owned by the Singapore government, are in talks to invest as much as $1 billion for Tokopedia, sources told Bloomberg News. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Partnerships / Acquisitions
India’s Billing Processor BillDesk Looks For Buyers
July 05, 2020

Indian payment gateway BillDesk, which controls over half of the business clients in the country, is looking to sell off its business after a previous unsuccessful attempt two years ago, LiveMint.com reports. Get the Full Story Complete the form to unlock this article and enjoy...

Security & Fraud
Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
July 05, 2020

As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
US Treasury Tells Banks To Treat Hemp Businesses Like Any Other
July 05, 2020

The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
eCommerce Media Gets Its Own Upfront Event
July 03, 2020

At a time when retail revenue is precious and the shift to Digital 3.0 is white-hot, eCommerce media is becoming a bigger factor in the advertising world. The practice is a trade name for simply advertising on eCommerce sites. Last year, Amazon did $4.8 billion...

Retail
Virtual Shopping Finds Its Moment
July 03, 2020

Virtual shopping is having a pandemic-driven moment. Several retail brands as well as designers have taken this twist on personal shopping to a new application. For example, Tanger Outlets last week announced the launch of a virtual shopping concierge service that takes shoppers to its outlets...

B2B Payments
Regional Banks Guide Corporates To Future-Proof Accounts Payable
July 03, 2020

Accounts payable (AP) teams and other financial functions of the enterprise were some of the hardest hit by the disruption caused by the global pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

B2B Payments
B2B FinTechs Show Signs Of Mid-Year Venture Capital Lull
July 03, 2020

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. With a combined $43.3 million in VC funding for the sector, B2B FinTechs...

Artificial Intelligence
Vicarious: There’s Robots, Then There’s ‘Robots-As-A-Service’ Model
July 03, 2020

Jeff Bezos, Elon Musk, Mark Benioff and Mark Zuckerberg all have something in common other than being billionaires. They all invest in a company called Vicarious, which is taking robotics to a higher, yet more democratic, level. Get the Full Story Complete the form to...