News

Investments
India’s Swiggy Lands $43B To Continue Branching Out Beyond Food Delivery
April 06, 2020

Online food delivery platform Swiggy has raised $43 million as part of its ongoing Series I round to develop and expand its new businesses, according to multiple reports on Monday (April 6). Get the Full Story Complete the form to unlock this article and enjoy...

Delivery
Uber Teams With Flipkart To Bring Essential Items To India’s Consumers
April 06, 2020

Uber has struck a deal with online retailer Flipkart in India to deliver “everyday essentials,” as the country remains in lockdown as part of the coronavirus pandemic, per reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Bankruptcies Sprout On Both Sides Of The Pond
April 06, 2020

The dreaded “B” word has been circulating with more weight and frequency, as the week opens with nonessential retailers reckoning with life during the contagion. Over the weekend, the U.K. retail scene was stunned when Debenhams – a 242-year-old High Street brand – filed for...

Retail
Jury On 5G Introduction Is Still Out
April 06, 2020

Anyone who’s had a Zoom meeting in the past week will attest to the fact that connectivity is having a moment. That doesn’t mean, however, that the star turn expected from connectivity’s guiding light this year will happen. Get the Full Story Complete the form...

Retail
Shipping Inconsistencies Plague Nonessential eCommerce
April 06, 2020

Nonessential retail is highly dependent – in some cases, completely dependent – on eCommerce during the COVID-19 crisis. And eCommerce success is dependent upon shipping. Therein lies a serious problem. Because as anyone who has ordered a nonessential item over the past few weeks can...

Retail
Yum! Brands To Hold Back Rent In South Africa
April 06, 2020

As its restaurants are shuttered over a lockdown enforced by authorities to keep the coronavirus from spreading, Yum! Brands Inc., the owner of KFC, has reportedly informed landlords in South Africa that it is withholding rent. The policy relates to the just under 50 stores...

Retail
Fitness Studios Offer Free Online Classes Amid COVID-19
April 06, 2020

To keep their market connected amid the coronavirus pandemic that has made many of them shutter because of stay-at-home rules, fitness studios throughout the country are tapping into digital platforms. Boutique classes are, for the most part, providing complimentary sessions, and, as a result, classes...

B2B Payments
With BEC Scams, Wire Payments Aren’t The Problem
April 06, 2020

While troubling times can showcase humanity’s resiliency, they can also bring out the worst in people. 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...

B2B Payments
Redesigning Accounts Receivable For Architecture And Engineering
April 06, 2020

The architecture and engineering (A&E) supply chain is a complex web of designers, builders, contractors and sub-contractors, project owners and more. With multiple business models available to initiate and complete a project, the flow of cash from one participant to the next is often bottlenecked...