With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. The infusion will see SoftBank committing $5 billion in new financing as well as issuing a tender offer for an...
In today’s payments news, Zelle’s third-quarter results show that transaction volume increased by 73 percent. Also, Tencent’s WeChat Pay is launching a new payment function that allows people to transfer funds using a mobile phone number. And Facebook CEO Mark Zuckerberg testified before the United States House of Representatives Committee on Financial Services....
Fabric, an automated logistics company that used to be called CommonSense Robotics, has raised $110 million in a Series B funding round led by Corner Ventures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Firedome, a New York- and Tel Aviv-based cybersecurity startup, has raised $10 million in a Series A funding round with investment from Two Sigma Ventures, Silvertech Ventures and World Trade Ventures. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
As more retailers try to get more shoppers into their stores – not everything is about eCommerce, after all – new technologies are playing a big role. That includes beacons. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
To offer customers more convenient options for delivery, Amazon unveiled the expansion of a network of staffed pickup points called Counter that allows shoppers to pick up packages in-store at a partner location. Customers can now have access to “thousands” of additional Amazon Hub Counter...
Global payment services firm Western Union is expanding its cross-border platform into Asia, the company said in a press release on Wednesday (Oct. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In the delivery app’s reported first foray into the U.K. convenience sector, Uber Eats has entered into a nationwide partnership with Costcutter. With the newly launched partnership, retailers in the symbol group will have the ability to sign up for the delivery platform via the...
There is only so much time in a day to watch programming and only so much monthly budget to devote to food delivery services. Has the subscription commerce market reached saturation? Get the Full Story Complete the form to unlock this article and enjoy unlimited...