JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) meets its Sustainable Development Goals, JPMorgan announced on Tuesday (Jan. 21). Get the Full Story Complete the form...
Uber is selling its money-losing food delivery service in India to rival Zomato for a 9.99 percent business stake, according to reports on Tuesday (Jan. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Mark Twain famously said there are three kinds of untruths: lies, damned lies and statistics. 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 newsletter,...
Indian telecom operator Reliance Jio, the largest in the country, is entering the Unified Payments Interface (UPI) space to compete alongside rivals, reports said on Monday (Jan. 20), including big names like Google Pay, PhonePe, Paytm and more. Get the Full Story Complete the form...
Swedish furniture company IKEA now has a second online-only store in India, this one in Pune. The store follows an earlier, similar model that opened in Mumbai without an actual building, according to reports. The rollout furthers IKEA’s strategy to connect with Indian consumers, and...
Labor peer Lord Jonathan Mendelsohn, a member of the House of Lords of the British Parliament, has introduced a bill to combat late payments and to help make the small business commissioner more powerful, according to a release. Get the Full Story Complete the form...
Microsoft President Brad Smith doesn’t agree with Alphabet Chief Executive Sundar Pichai’s backing of the EU’s call for a temporary ban on facial recognition technology, Reuters reported on Monday (Jan. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Supplier discovery platform scoutbee has raised $60 million in a series B funding round led by Atomico, with Lakestar, Next47, HV Holtzbrinck Ventures, 42CAP and Toba Capital all participating, according to a release. Get the Full Story Complete the form to unlock this article and...
FinTechs are helping merchants coordinate all of the different components that a payment entails with payments orchestration. Modo CEO Bruce Parker told PYMNTS that the term signifies “the ability to keep track of all of the different moving parts of a payment” throughout its entire lifecycle....
