News

Investments
India Lodging Startup OYO Raises $1.5B Led By Founder, SoftBank
October 07, 2019

India-based hotel and booking startup OYO announced a $1.5 billion funding round led by founder Ritesh Agarwal, SoftBank’s Vision Fund, Lightspeed Venture Partners and Sequoia India, Bloomberg announced on Monday (Oct. 7). Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Trending: How EU Regulators Are Complicating SCA Compliance
October 07, 2019

Strong Customer Authentication (SCA) is just weeks-old and already mired in controversy. Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. Meanwhile, payment service providers (PSPs) are scrambling to find...

Regulation
Why The SAFE Banking Act Won’t Solve All Cannabis’ Payment Problems
October 07, 2019

One down, two more steps to go: That’s the situation with the federal SAFE Banking Act, which recently won approval by the U.S House of Representatives. The bill promises to open up cashless payments for the growing retail cannabis industry. If the bill were to...

eCommerce
87 Pct. Of US-Bound Counterfeit Products Came From China Last Year
October 07, 2019

Small business owners are trying to fight back against counterfeiters in China. 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...

Partnerships / Acquisitions
Walmart Finds Buyer For ModCloth
October 07, 2019

Go Global Retail announced its plans to acquire the assets of ModCloth from Walmart. 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...

Partnerships / Acquisitions
Coinbase Eyeing Omni’s Crypto Engineering Team For Acquihire
October 07, 2019

Coinbase is reportedly in talks to acquire rentals startup Omni’s engineering team. 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...

Investments
Barn2Door Lands $3.4M To Help Farmers Sell Online
October 06, 2019

Barn2Door has revealed that it raised a $3.4 million investment round led by Lead Edge Capital, with participation from Global Founders Capital and other investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

International
Indian Digital Startups Could Be Headed For Slump
October 06, 2019

New internet startups in India are tumbling, pointing to the possibility of an overall decline in entrepreneurship, DealStreetAsia reported on Sunday (Oct. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Why Libraries Are Giving Up On Late Fees
October 05, 2019

It has happened to all but the most organized among us. We’re minding our own business, cleaning out a closet or reorganizing the bookshelf, when it suddenly thrusts itself upon us. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...