News

Ridesharing
Ride-Hailing Firm Grab Reportedly Cuts More Than 300 Jobs 
June 16, 2020

Grab, the $14 billion Southeast Asian ride-hailing startup, announced hundreds of job losses on Tuesday (June 16) as the impact of COVID-19 continues to take its toll. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
Walmart Ups Its Digital Health & Wellness Capabilities With $200M Purchase Of CareZone’s Technology
June 16, 2020

Walmart has reportedly paid some $200 million to buy key assets from CareZone, a Seattle-based health-technology start-up that promises to manage prescription drugs for each family member. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
Travelex Ditches Sale After Banks Reject Offers
June 16, 2020

Foreign exchange giant Travelex is pulling its offer of sale to prospective buyers after none of the buyers could offer an acceptable deal to the company’s banks and lenders, Financial Times (FT) reports. Get the Full Story Complete the form to unlock this article and...

Retail
Sam’s Club COO: What We Learned During The Pandemic’s Lockdowns
June 16, 2020

The past few months have been an incredibly challenging time for retailers that remained open — and an excellent example of innovation on overdrive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Payments Innovation
The Keys To Modernizing B2B Payments: Standards And Starting Small
June 16, 2020

The holy grail of payments modernization can be boiled down into to one word: standardization. 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,...

Merchant Innovation
How Chairish Helped Its Marketplace Sellers Stay Open — And Recover
June 16, 2020

The year was off to a flying start for Chairish CEO Gregg Brockway. 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 Today....

B2B Payments
Goldman Sachs, GTreasury Partner To Streamline Global Payments
June 15, 2020

GTreasury, a treasury management system provider, is working with Goldman Sachs on a new solution to offer easier, more transparent B2B payments both at home and internationally, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy...

B2B Payments
Receipt Bank Buys Xavier To Boost Accounting Services
June 15, 2020

Digital accounting platform Receipt Bank has acquired analytics firm Xavier to help boost services for accountants and bookkeepers, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
UK Airport Gatwick Says It Will Take 4 Years For Travelers To Return
June 15, 2020

Passenger demand at Gatwick, London’s second-largest airport, could remain depressed for the next three or four years as the travel sector continues to deal with the fallout of the pandemic, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy...