News

IPO
Rocket Mortgage Parent Plans $3.3B IPO
July 28, 2020

Detroit-based Rocket Companies, which owns the Dan Gilbert-founded company Rocket Mortgage, is seeking an initial public offering (IPO) for $3.3 billion, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Ridesharing
NY Federal Judge Orders Unemployment Payouts For Uber, Lyft Drivers
July 28, 2020

New Yorkers may soon see a lot of smiles on the faces of Uber and Lyft drivers following a judge’s ruling on Tuesday (July 28) that rideshare drivers must receive state unemployment benefits within 45 days, per a report from The New York Times. Get...

B2B Payments
Tide Collaborates With DueDil To Bolster New Account Onboarding
July 28, 2020

British business banking firm Tide has teamed with business intelligence FinTech DueDil, to bolster its experience for creating a new account, according to a Tuesday (July 28) announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
Airwallex Teams With Deutsche Bank For Foreign Exchange, Collections
July 28, 2020

Deutsche Bank will allow FinTech firm Airwallex to offer foreign exchange services powered by application programming interface (API) in Hong Kong and virtual account collections in Japan, according to a Monday (July 27) announcement. Get the Full Story Complete the form to unlock this article and enjoy...

News
Today In Payments: Amazon Expands Grocery Delivery In UK; Mastercard To Improve Business Payments In...
July 28, 2020

In today’s top news, Amazon will expand its Amazon Fresh delivery service in the U.K., and Mastercard and the Bank of Shanghai have expanded cross-border business payments in China. Plus, Revolut’s CEO is leaving the company. Get the Full Story Complete the form to unlock...

Partnerships / Acquisitions
Tencent Eyes $2.1B Deal For Sogou Search Engine
July 28, 2020

Chinese tech giant Tencent has added longtime search ally Sogou to its shopping list. 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...

Digital Banking
Revolut Launches In App Price Comparison Service In UK
July 28, 2020

FinTech Revolut is working with Decision Tech, a price-comparison technology company, to launch a new service to help users compare — and switch — providers of gas, electricity, broadband, mobile and TV. This “Essentials” service will be rolled out in the U.K., according to an emailed...

Retail
Average Age Of US Vehicles Nears 12 Years
July 28, 2020

Americans seem to be holding onto their cars for longer periods of time. Research from IHS Markit shows that the average age of “light vehicles” in operation in the U.S. has risen to 11.9 years. Get the Full Story Complete the form to unlock this article...

Retail
Delivery Hero’s Orders Almost Double In Q2
July 28, 2020

Delivery Hero reported on Tuesday (July 28) that orders had almost doubled to 281 million in Q2. The logistics platform said its order growth is back on pace following a decline in orders between March to May because of the pandemic and that the company...