News

Digital Banking
Nubank FinTech Grows Client Base By 25 Pct Since August
October 13, 2019

The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Investments
Cannabis Firms See Share Prices Nosedive
October 13, 2019

The public market for cannabis is off by more than 40 percent, despite the industry’s blazing forecast and enthusiastic quarterly reports, The Wall Street Journal (WSJ) reported on Saturday (Oct. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
Razorpay Hires Mastercard Exec To Work With RBI On Payment Regs
October 13, 2019

Bengaluru-based Razorpay would like to work with the Reserve Bank of India (RBI) on new regulations that would make it mandatory for payments companies to comply with RBI’s entry point, technology, security, data storage and more. Get the Full Story Complete the form to unlock...

News
Facebook’s Libra, Uber Losses, Instant Deposits Top Week’s News
October 11, 2019

It’s never quite a slow week in the world of payments and commerce, and the newest edition of the PYMNTS Weekender is proof of that. This week’s coverage includes a deep dive into lessons learned from Libra, Uber’s losses, and the launch of instant deposit...

Investments
SoftBank To Downshift Vision Fund Strategy Post-Uber, WeWork IPO Flops
October 11, 2019

SoftBank CEO Masayoshi Son is reportedly reconfiguring his strategy for investing with his latest Vision Fund due to the struggles of companies like Uber and WeWork. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Consumer Tech Spending To Grow More Than 5 Pct This Year
October 11, 2019

Spending on technology is expected to keep rising, and is projected to reach $1.69 trillion this year, which is 5.3 percent higher than last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

News
Top News In Payments: Alipay Says ‘No’ To Crypto, Shopify Rolls Out Experts Marketplace
October 11, 2019

Today in the payments news roundup, Alipay says it will ban bitcoin and digital currency-related transactions. Also, Shopify has rolled out a gig marketplace focused on retailers. And Domino is collaborating with Amazon Wedding Registry to launch an interactive and shoppable experience. Get the Full Story Complete...

B2B Payments
SAP Headed For Leadership Shakeup As CEO Exits
October 11, 2019

Bill McDermott, the chief executive officer of SAP, is stepping down. 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, PYMNTS Today. By completing...

Investments
Cash-Strapped WeWork Turns To SoftBank For Funding
October 11, 2019

WeWork needs to be financed by the end of November or it will run out of money. 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...