News

Acquiring
OfferUp, letgo To Merge As Biz Nets $120M In VC Funds
March 25, 2020

OfferUp has been winning recently, closing out a $120 million funding round and acquiring its top competitor, letgo, according to a blog post on the company’s website. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

eCommerce
Groupon Names Interim CEO
March 25, 2020

Groupon‘s board of directors replaced CEO Rich Williams Wednesday (March 25), just a month after the eCommerce company posted a lackluster earnings report and vowed to retool its operations to focus more on travel and experiences rather than selling merchandise. Get the Full Story Complete...

B2B Payments
Bringg Announces Early Release Of B2B Delivery, Fleet Service
March 25, 2020

Online delivery platform Bringg has announced the early release of its new BringgNow solution to help with speedy online deliveries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
China Suspected In Surge Of US Cyberattacks
March 25, 2020

U.S. cybersecurity firm FireEye said it suspects China is behind a surge in cyberspying that began in January, just when the coronavirus was starting to seriously spread outside of China, according to a report by Reuters. Get the Full Story Complete the form to unlock...

Partnerships / Acquisitions
As Deliveroo Surges, Regulators Question Amazon Merger
March 25, 2020

As food delivery companies are surging in the U.K. in the wake of the coronavirus crisis, a proposed merger between Amazon and Deliveroo is under even more scrutiny, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article...

B2B Payments
PayRange Accelerates Access To Vending Machine Capital
March 25, 2020

To offer vending and laundry machine operators instant cash access, PayRange Inc. rolled out a feature that lets machine operators immediately move mobile payment settlements to a debit card. The company said in an announcement that the aim of the effort is to support clients...

Payment Methods
EU Encourages Contactless Payments To Reduce Coronavirus Risk
March 25, 2020

The European Union financial watchdog said that payment companies should use more contactless payments to help curb the spread of the coronavirus, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

News
Today In Payments: Discounts Kickstart Economy As China Reopens; Big Businesses Tap $124B From Credit...
March 25, 2020

In today’s top payments news, businesses in China are offering steep discounts to encourage people to start spending again, and big businesses in Europe, North America and South America have drawn at least $124.1 billion from credit lines. Also, Brex buys three companies to expand...

Delivery
India’s Flipkart To Continue Delivery After Govt. Safety Assurances
March 25, 2020

Flipkart, Walmart’s India eCommerce arm, has gotten approval from authorities to continue operating in the country following a country-wide lockdown, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...