Today in the payments news roundup, Stripe launched Stripe Capital to simplify the way internet companies can access funds. Also, commercial and consumer cards issued in the U.S. generated $6.13 trillion in spending on goods and services last year. And General Motors (GM) reportedly plans to add Google...
The payment arm of Flipkart, PhonePe, has been valued at $7 billion by Morgan Stanley, according to reports. 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...
To bolster the country’s economy, the central bank of China said it was reducing the amount of cash that banks need to have as reserves for the third time in 2019. It released $126 billion — or 900 billion yuan — in liquidity, Reuters reported. Get...
The power of marketing to persuade is an interesting phenomenon in the age of Instagram because, stated simply, some ideas look better in pictures than they sound by description. For example, most consumers offered a lemonade spiced with charcoal and salt and served in a...
Brick-and-mortar retailers are taking small-format, inventory-free locations to big cities: Nordstrom, for instance, is bringing its Nordstrom Local concept to the Big Apple. One store opened in New York City’s Upper East Side, while another is set to come to the West Village later in...
Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. and Canada. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In the months to come, Alibaba subsidiary UCWeb intends to roll out an eCommerce service in India. UCWeb is known for its popular mobile browser, UC Browser, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In a move that allows users in India to choose Eats or Rides with equal visibility, Uber has reportedly begun experimenting with an interface that brings together ride-hailing and food delivery. The drive to make Eats as visible as Rides comes after discussions to sell...
State attorneys general led by Texas and New York are separately launching official antitrust investigations into Facebook and Google, The Wall Street Journal reported on Friday (Sept. 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
