News

Partnerships / Acquisitions
Uber To Team With Brazil’s Banco Inter For Financial Services
October 13, 2019

A source has revealed that Brazilian lender Banco Inter SA is currently in discussions with Uber about partnering in financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

eCommerce
China’s Club Factory Raises $100M To Grow Online Sales In India
October 13, 2019

Chinese eCommerce platform Club Factory has raised $100 million in a Series D funding round as it plans expansion into India, sources reported on Friday (Oct. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
SoftBank Wants Control Of WeWork
October 13, 2019

The parent company of WeWork is at a junction after its initial public offering (IPO) tanked and its chief executive officer stepped down, Reuters reported on Sunday (Oct. 13) Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
Regulators Say Crypto Asset Holders Subject To Securities Laws
October 13, 2019

U.S. financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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...