News

Ridesharing
Chinese Ride-Hailing Giant Didi Chuxing Sees Rebound
June 08, 2020

China’s largest ride-hailing company is back after taking a big hit from the coronavirus pandemic, with business returning to pre-pandemic levels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

IPO
BinDawood Prepares First Middle Eastern IPO Since COVID-19
June 08, 2020

BinDawood Holding is planning to offer an initial public offering (IPO) of its supermarket division by the end of July, in what would be the first Middle Eastern share sale since the COVID-19 pandemic, Bloomberg News reported. Get the Full Story Complete the form to...

News
Today In Payments: EU Launches Pandemic Economy Financial Crime Team; US Lenders Expect Few Loan...
June 08, 2020

In today’s top news, the EU has established a team to fight financial crime amid the economic downturn, and U.S. lenders expect most borrowers to resume payments soon. Plus, buyers of Apple products will soon be able to pay for them in monthly installments with...

Retail
NYC Reopens With Construction, Retail; Restaurants Still Shuttered
June 08, 2020

Major parts of New York City began reopening Monday (June 8) after a virtual state of siege that began with COVID-19 shutdown orders in March. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Payment Methods
Paytm Postpaid Use Expands To Convenience Shops
June 08, 2020

India’s Paytm is expanding its Paytm Postpaid program so that its payments app can be used by such places as small convenience shops, or kiranas, and chain stores — along with the possibility of an increased credit limit. Get the Full Story Complete the form...

Partnerships / Acquisitions
NICE Actimize Buys Guardian Analytics
June 08, 2020

Financial fraud prevention software and cloud company NICE Actimize has unveiled a deal to acquire Guardian Analytics. 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...

Retail
How The NBA, NHL And NFL (But Not The MLB) Plan To Come Off The...
June 08, 2020

The reality of the COVID-19 pandemic set in immediately for many Americans when the NBA pulled the plug on its season in early March after a player tested positive for the virus. At that moment, a pandemic that had seemed like a theoretical, foreign problem suddenly...

IPO
China’s NetEase Looks To Raise $2.72B In Hong Kong Offering
June 08, 2020

Chinese internet giant NetEase is set to issue 171,480,000 shares on June 11 as part of a secondary offering of stock, the company said in a release. News reports said the pricing will be set at HK$123 per share. Get the Full Story Complete the form to...

Retail
Retail Infrastructure Catches Up With Digital Shift
June 08, 2020

The long-term consequences of the digital shift continue to be quantified and qualified. As evidenced by last week’s PYMNTS’ card on file report, consumers are ready and willing to keep their data with retailers, both online and offline, in exchange for frictionless experiences. The big...