News

Retail
WeChat Pay, Network International Team On UAE Merchant Payments
February 25, 2020

Tencent Holdings, the company that developed mobile payment app WeChat Pay, has teamed up with Network International to allow for the service to be available across the United Arab Emirates, according to a release on Monday (Feb 24).  Get the Full Story Complete the form to...

Partnerships / Acquisitions
Intuit Buys Credit Karma For $7.1B
February 25, 2020

Intuit closed a deal to buy Credit Karma for a price tag of $7.1 billion on Monday (Feb. 24), according to published reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Revolut Raises $500M, Aims For Profits In 2020
February 24, 2020

After raising another $500 million in its Series D fundraising, Revolut plans to increase daily engagements and has set its sights on profitability this year, according to the company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Merchant Innovation
Venmo App Lets Parents Create Debit Card For Kids
February 24, 2020

Venmo is branching out to target a new demographic in its payments service: teenagers, according to published reports on Monday (Feb. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

eCommerce
Upswing In Sales Propels Target Into Top 10 eCommerce Sites
February 24, 2020

Target’s strategy to concentrate on its eCommerce business has moved the big-box retailer to the No. 8 position in eMarketer’s latest ranking of the nation’s top merchants by online sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Retail Bankruptcies Fuel The Overstored Debate
February 24, 2020

Another bankruptcy; another week of trying to sort out the problems at retail. With news that Pier 1 Imports has filed for Chapter 11 bankruptcy, a new spotlight is on an old contention: The U.S. simply has too many stores to support them all and...

Delivery
Krispy Kreme Hops On the Home Delivery Bandwagon
February 24, 2020

The all-important last mile of retail is getting shorter and more innovative. As reported by PYMNTS on Monday (Feb. 24), Krispy Kreme is the latest brand to announce home delivery capabilities. It plans to roll out nationwide delivery on Feb. 29 via DoorDash, the on-demand...

B2B Payments
Glantus Acquires JPD Financial To Support Buyer-Supplier Ties
February 24, 2020

Financial automation and data intelligence solutions firm Glantus has acquired the audit credit recovery firm JPD Financial, creating a business with an approximate $12 million turnover, Glantus announced on Monday (Feb. 24). Get the Full Story Complete the form to unlock this article and enjoy...

Investments
SoftBank’s Second Vision Fund Invests In Two Companies
February 24, 2020

SoftBank’s second Vision Fund has invested in two companies, artificial intelligence company Behavox and healthcare-facing company Karius, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....