News

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...

Payments Innovation
Digital Commerce: You Can’t Touch This
July 28, 2020

“The opportunity to educate on digital banking and payments, and the opportunity to fully enable touchless commerce, is greater than it has ever been — and the technology is already in place to make it happen.” Get the Full Story Complete the form to unlock...

Retail
Gear Shift: Cars.com Details Digital 3.0 Transition
July 28, 2020

The transition to digital car buying has been in motion since the beginning of the pandemic. Now one of the industry pioneers is predicting the shift will be permanent. Cars.com released data and analysis this week that it says shows the pandemic will change car...

Payments Innovation
The Irreversible Shift To Digital And Its Consequences For The Future
July 28, 2020

In an ever-more competitive digital economy, brands in all sectors will be tasked to work harder and invest more to attract and engage customers — both existing and new.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...