News

Acquiring
Just Eat Snubs $6.3B Prosus Offer; Will Move Forward With Takeaway Merger
November 11, 2019

Just Eat has turned down a hostile £4.9 billion ($6.3 billion) cash bid from Prosus, the Amsterdam arm of the South African tech conglomerate Naspers, as reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Tesco Launches Amazon-Style Subscription Program
November 11, 2019

Tesco is taking on the competition by adding a subscription option to its Clubcard loyalty program. 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
 RedCloud on How OCR-Driven Payments Benefit Supply Chains
November 11, 2019

Supply chains can get bogged down in paper invoices and cash payments, especially when unbanked enterprises are part of that chain. Cash reconciliation and invoicing by optics allows invoices to be received, processed and paid in real time. RedCloud CEO Justin Floyd tells PYMNTS that...

B2B Payments
In Australia, Late Payments Hit SMBs During Holiday Season
November 11, 2019

Late payments have hit Australian firms across several verticals — with a notable impact across the transport industry. The practice of supply chain finance is about to get greater scrutiny in the country, according to reports. In the U.K., a number of companies have been...

Cross-border Payments
Hong Kong Hits UBS With $51M Fine For Fleecing Consumers
November 11, 2019

Swiss bank UBS was hit with a $51.09 million fine by a Hong Kong watchdog for overcharging up to 5,000 clients for nearly a decade, Reuters reported on Monday (Nov. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Payment Methods
Rapyd FinTech Announces Single Cashless Platform In Singapore
November 11, 2019

Global FinTech Rapyd announced that it has launched a single platform in Singapore that enables businesses to go cashless. 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...

Banking
The Challenges Challenger Banks Must Overcome To Compete
November 11, 2019

Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic structure that underlies them is not. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

B2B Payments
Instamojo Opens Credit Book As Digital Ledger For SMBs
November 11, 2019

Small business (SMB) tech startup Instamojo announced the launch of its Instamojo Credit Book, which aims to get rid of manual ledgers by digitizing records. Available through the company’s Android app, the ledger allows businesses to keep track of credit given to vendors, suppliers and...

B2B Payments
Newpharma, Ingenico Team On Payment Solutions For Online Pharmacies
November 11, 2019

Ingenico Group announced that it has partnered with Belgium ePharmacy firm Newpharma on a new payment solution for online pharmaceutical buyers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...