News

Partnerships / Acquisitions
PayPal, Citi To Offer Consumer Credit Products In Australia
October 24, 2019

Citi Australia and PayPal Credit Australia announced they have entered into a long-term strategic partnership to develop consumer credit products for PayPal’s customers in Australia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
China Aims To Boost Cross-Border Trade Via Foreign Investments
October 24, 2019

The Chinese government has announced that it will allow foreign firms that are not in the investment business to invest in domestic companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Europe
EU Consumer Confidence Declines To Lowest Point Since December
October 24, 2019

Data shows that consumer confidence in the European Union has fallen to its lowest level since the end of last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Investments
India’s Tech Startups Have A Banner $11.3B Fundraising Year
October 23, 2019

As a record amount of capital has entered the local ecosystem in a significant rebound since 2016’s darkened funding environment, Indian tech startups are having a standout year with two months of 2019 left. India’s unlisted tech startups have notched $11.3 billion in funding this...

Investments
SoftBank Rescues WeWork With $8B Capital Infusion
October 23, 2019

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...

Security & Fraud
Flight Attendants Charged With Money Laundering In Miami
October 23, 2019

Four flight attendants for American Airlines were arrested and charged with money laundering after police seized $22,671 between them at Miami International Airport on Monday (Oct. 21), according to a report by CNN. Get the Full Story Complete the form to unlock this article and...

Regulation
Snap Says It Is No Longer Subjected To DOJ Probe
October 23, 2019

Snap, the parent company of Snapchat, said the Department of Justice and the Securities and Exchange Commission are no longer investigating it.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

News
Top News In Payments: Zelle Transaction Volumes Reach $49B; WeChat Pay Launches New Smartphone Feature
October 23, 2019

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....

Partnerships / Acquisitions
SoftBank-Owned WeWork To Cut 4,000 Jobs
October 23, 2019

WeWork, the embattled workspace company that was recently taken over by Japan’s SoftBank, will get rid of 4,000 jobs in an effort to become profitable.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...