News

Investments
Singapore’s Credify Raises $1M To Expand Into Southeast Asia
February 18, 2020

Software development company Credify, based in Singapore, has raised $1 million in a seed funding round from SoftBank-backed artificial intelligence (AI) incubator Deepcore, as well as Beenext, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payments Innovation
Saudi Arabia Makes Digital Push To Lessen Cash Reliance
February 18, 2020

Saudi Payments, a state-owned payments apparatus, has partnered with stc pay, another Saudi Arabia payments company, to grow the breadth of its mobile wallet, and potentially partner on future digital projects, according to a report. stc pay, a Saudi Telecom Company subsidiary, said the deal would...

Partnerships / Acquisitions
FinTech LendingClub Buys Radius Bank For $185M
February 18, 2020

FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. 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...

B2B Payments
Rapyd, Visa Promote FinTech Adoption
February 18, 2020

B2B FinTech-as-a-Service (FaaS) unicorn Rapyd has partnered with Visa to help small and medium-sized businesses (SMBs) expand their FinTech and payment services, Rapyd announced on Tuesday (Feb. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

B2B Payments
HDFC Taps Mastercard, SAP Concur For T&E Tech
February 18, 2020

India’s HDFC Bank has teamed up with Mastercard and SAP Concur to manage corporate travel and expense management, according to a report by The Economic Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Cereal Makers Aim To Move From Sweet Tooth To Healthy Profit
February 18, 2020

You better eat your Wheaties. At an average of $3.74 a box, even with Russell Wilson or Serena Williams on the cover, it has been a staple of the General Mills cereal business as it competes for shelf space along with Kellogg’s Corn Flakes, Cheerios...

B2B Payments
SumUp, Mastercard Intro Business Payments Card
February 18, 2020

U.K. FinTech SumUp is launching its first card for business payments, in partnership with Mastercard, SumUp announced in a blog post on Tuesday (Feb. 18).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

News
Today In Payments: Alibaba’s Loans For Coronavirus-Affected Firms Near $3B; Japanese Sales Tax Triggers 6...
February 18, 2020

In today’s top news, Alibaba has made almost $3 billion in loans available for companies hurt by the coronavirus, and Japan’s recent sales tax triggers fears of a recession. Also, HSBC cuts 35,000 jobs and $100 billion in assets in a streamlining and restructuring effort....

eCommerce
Malaysian eCommerce Firm Takes 7-Figure Stake In BizApp
February 18, 2020

Commerce.Asia, an all-in-one eCommerce and technology company, has purchased a 30 percent stake in business platform BizApp, which helps businesses and brands manage daily operations and order fulfillment, according to a report by DealstreetAsia. Get the Full Story Complete the form to unlock this article...