News

Security & Fraud
SoftBank Faces Scrutiny For $1B Investment In Wirecard
June 24, 2020

As the Wirecard scandal unfolds, SoftBank Group Corp. is facing questions about its investment in the embattled German payment services provider, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

International
WhatsApp And Facebook’s Brazil Conundrum
June 24, 2020

Talk about an about-face. 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. By completing this form, you agree to receive marketing...

Visa, TerraPay Link Up For Real-Time, Cashless Payments
June 24, 2020

Visa and the Dutch FinTech TerraPay said they plan to develop and deliver “payment solutions to drive financial inclusion and cashless transactions for domestic payments and global remittances.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Retail
How Restaurants Are Working To Bring Breakfast Back
June 24, 2020

Breakfast, we’ve long been exhorted by mothers everywhere, is the most important meal of the day. And, until very recently, it was also the meal Americans were most likely to eat in the car or on the run, and often on the way to work in...

Investments
Aye Finance Raises Another $27.5M Amid Pandemic
June 24, 2020

Bucking the coronavirus-driven economic downturn, Indian FinTech Aye Finance on Wednesday (June 24) said it had raised $27.5 million from a group of investors led by the private equity arm of Alphabet, Google’s corporate parent. Get the Full Story Complete the form to unlock this...

Delivery
Square Powers On-Demand Delivery For Merchants
June 24, 2020

To let merchants send out delivery drivers for orders made on their websites, Square unveiled availability of its On-Demand Delivery for Square Online Store offering in an announcement on Wednesday (June 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Partnerships / Acquisitions
India OKs Facebook Subsidiary’s Acquisition Of Jio Platforms Share
June 24, 2020

The Competition Commission of India (CCI) has given the green light to the acquisition of a roughly 9.99 percent share of Jio Platforms by a newly formed subsidiary of Facebook called Jaadhu Holdings LLC. CCI said Jaadhu is a wholly-owned Facebook subsidiary, which was started...

Retail
Online Sales Projected To Settle At 16.5 Pct Growth Rate
June 24, 2020

While web users have harnessed eCommerce in numbers that haven’t been seen before amid the COVID-19 heath crisis, eMarketer forecasts the worldwide retail online shopping sales will slow down to a 16.5 percent growth rate this year down from 20.2 percent in 2019. The firm...

Retail
Instagram Drives New Social Commerce Momentum
June 24, 2020

Social commerce continues its pandemic-driven momentum as Instagram announced two major moves in the area and new research shows the platform will see substantial new growth across the board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...