News

Retail
IKEA To Take On Amazon With Expanded Smart Home Offerings
October 02, 2019

IKEA is making big moves into the smart home ecosphere with its biggest investment in decades. 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...

Investments
India B2B eCommerce Firm Udaan Lands $585M
October 02, 2019

One of the largest B2B eCommerce platforms in India, Udaan, has raised $585 million in a Series D funding round. The company wants to help chemists, kirana (family-owned) stores and other businesses to come online with its platform, according to reports. Get the Full Story...

Delivery
Deliveroo Expansion Triggers Big Revenue Growth, Losses
October 02, 2019

Food delivery company Deliveroo saw huge revenue growth in 2018, but its losses also grew as it expanded and poured money into new areas and ventures in the highly competitive food delivery market. Get the Full Story Complete the form to unlock this article and...

Payments Innovation
Path To World Series Brings Changes To Online Gambling
October 02, 2019

It’s not exactly high time for legal online gambling yet – that comes in early 2020, with the Super Bowl and then the NCAA college basketball tournament – but the betting season is certainly heating up on more ways than one. And that new fuel...

Partnerships / Acquisitions
Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B
October 02, 2019

Uber coughed up over $3 billion to get its hands on Dubai’s ride-hailing startup Careem, the Financial Times reported on Wednesday (Oct. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Goldman Beefs Up Marcus Savings Offerings
October 02, 2019

Saga, a financial company geared to individuals over 50, has teamed up with Goldman Sachs consumer bank Marcus to offer two new savings accounts. 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: Olo Integrates Rails Platform With Google; Revolut’s Losses Double With Growth...
October 02, 2019

Today in the payments news roundup, Olo is integrating its rails platform with Google so customers can order directly from restaurant brands across Maps, Google Assistant and Google Search. Also, Revolut reported that its losses doubled last year as a consequence of its aggressive push for global...

International
Thai’s KBank Offers Digital Loans To Online Sellers
October 02, 2019

Thailand’s Kasikornbank (KBank) will provide loans of up to 600,000 baht ($19,570) to eCommerce merchants selling on the Shopee platform, Reuters reported on Wednesday (Oct. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
MineralTree Taps Comdata Veteran As President
October 02, 2019

Banking and B2B payments veteran Vijay Ramnathan has joined MineralTree as its new president, the company announced in a press release on Wednesday (Oct. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...