News

IPO
Uber IPO To Be Biggest In Tech History
April 10, 2019

It’s been a long journey for Uber toward its initial public offering — and a big journey for payments, too. 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...

Global Payments
ENOC Taps Into Mobile Payments, Samsung Pay Comes To Australian Commuters
April 10, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the U.A.E.’s ENOC’s launch of a mobile option for fuel and non-fuel items. Public transportation passengers in Australia will be able to tap their Samsung smartphones at Opal terminals...

Retail
Whole Foods Eyes Sears, Kmart Stores For Expansion
April 10, 2019

Amazon might be looking at taking over as many as 110 old Sears and Kmart stores in order to launch new Whole Foods locations. BMO Capital Markets revealed the prediction in a note to clients on Wednesday (April 10), basing its findings on the demographics...

Cross-border Payments
China’s Sharing Economy Grows — But Consumers Still Have Worries
April 10, 2019

When it comes to digital payments and commerce, it’s hard to argue with China’s leading and influential position, especially in terms of ecosystems based around consumers’ mobile devices. As well, a big part of the future of the global sharing economy is playing out in...

Investments
Extend Raises $11M To Arm Businesses With Virtual Cards
April 10, 2019

FinTech startup Extend announced it has raised $11 million in Series A financing, as it tries to capitalize on interest in virtual credit cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Retail
How Retailers Are Gearing Up For Contactless Payments Via mPOS
April 10, 2019

With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance. Mobile point-of-sale (mPOS) terminals that are enabled for contactless have to meet certain specifications to gain EMVCo 3.0 certification:...

Retail
Zapt And On-Demand Platforms Powering Move Now-Pay Later
April 10, 2019

Some entrepreneurs have no intention of starting a company but find inspiration to take on a new venture when a challenge arises in their daily lives. Bill Catania, for instance, began Zapt after he bought a refrigerator at a big-box retail store and wanted to...

Retail
Amazon Go Stores No Longer Cashless
April 10, 2019

Cashless retail, to a point, and then cashless and cash, too. 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...

Retail
Whole Foods’ 500th Store Features Eateries
April 10, 2019

To create a food hall-like experience for customers, Whole Foods Market’s 70,000-square-foot store in Atlanta showcases four eateries. The space, which is created to sell more than only supermarket items, also features a rooftop experience, Chain Store Age reported, and is the chain’s 500th store....