News

Retail
Luckin Closes In On Starbucks With Nearly 3K China Stores
August 14, 2019

Chinese coffee startup Luckin Coffee has announced it is on pace to become the biggest coffee company in China this year, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Delivery
Applebee’s, DoorDash Team Up For National Delivery
August 14, 2019

Applebee’s has announced that it has partnered with DoorDash for national delivery, the company said in a press release. 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...

Retail
Macy’s Bolsters Omnichannel Tech, Taps Into Subscriptions
August 14, 2019

With its digital business delivering its 40th consecutive quarter of double-digit growth, Macy’s made progress on its 2019 strategic initiatives during the second quarter. The department store retailer bolstered its omnichannel efforts while opening a distribution center for its off-priced business that taps into cloud...

Payment Methods
PayPal Invests In Staffing, Acquisitions And Payment Tech In India
August 14, 2019

As PayPal reaches saturation points in Western markets, it wants to continue to expand internationally, especially in India, where the country’s 450 million mobile users make it an attractive target for retailers. Get the Full Story Complete the form to unlock this article and enjoy...

Bitcoin
For Cryptos, Geopolitics And Liquidity Don’t Mix
August 14, 2019

Cryptos and liquidity do not go hand in hand, especially not where geopolitics is concerned. 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,...

Retail
Shopify Launches Chat
August 14, 2019

The 800,000-plus merchants on the Shopify platform can now talk to customers in real-time with Shopify Chat, VentureBeat reported on Wednesday (Aug. 15).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Security & Fraud
UK Biometrics Firm Failed To Protect Sensitive Data
August 14, 2019

A large breach of personal data, including one million fingerprints, facial recognition info, passwords and other sensitive information, was found to be publicly accessible by a company that provides centralized data access for security organizations, according to a report by The Guardian. Get the Full...

Partnerships / Acquisitions
Canada’s Neuvei, Novacap, Finalize $889M Deal For Payment Firm SafeCharge
August 14, 2019

Payment technology firm Nuvei, a portfolio company of Canadian private equity firm Novacap, acquired omnichannel payments firm SafeCharge International Group for $889 million, Novacap said in a press release on Wednesday (Aug. 14). Get the Full Story Complete the form to unlock this article and enjoy...

Investments
OYO To Take On Airbnb With Vacation Rental Venture
August 14, 2019

India-based hotel and booking site OYO – which is the fastest-growing hotel chain in the world, according to the company – said it will invest $335 million into its European vacation rental venture, with the goal of expanding further and potentially competing with Airbnb, according...