News

Partnerships / Acquisitions
Regulators Close To Approving Long-Debated T-Mobile-Sprint Merger
July 21, 2019

The long-running proposed $26 billion T-Mobile-Sprint merger is close to getting a go-ahead from federal regulators. The U.S. Justice Department’s Antitrust Chief Makan Delrahim’s scheduled testimony before the Senate’s antitrust subcommittee on Tuesday (July 23) was canceled on Saturday (July 20). The move shows the...

Investments
Founder’s Shares Purchase Sends India’s OYO’s Valuation To $10B
July 21, 2019

Indian hospitality business OYO now has a valuation of $10 billion after its founder, Ritesh Agarwal, purchased $2 billion in shares from Sequoia Capital and Lightspeed Venture Partners. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payment Methods
Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs
July 21, 2019

No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Credit card statements will show that a purchase was made at the “Midgrun Eats LLC food truck,...

Mobile Commerce
Tinder Pulls A Spotify And Drops Google App Store Signups
July 21, 2019

Tinder removed Google Play Store integration within its Android app to avoid Google’s service charge, which can be as high as 30%.  Tinder users who want to subscribe to premium services will now be asked to enter their credit card information directly into the Tinder...

Security & Fraud
Equifax Nears $700M Settlement For Data Breach
July 21, 2019

The 2017 Equifax data hack affecting more than 143 million people worldwide will cost the company about $700 million.  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...

Investments
Trade War Slows Flow Of Cash From China To US
July 21, 2019

The flow of Chinese cash into America has fallen almost 90 percent since Donald Trump became President. 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...

Banking
AML Expenses Eat Into Nordic Lenders’ Profits
July 21, 2019

Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. 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 this form,...

Investments
Germany’s FlixMobility Reaches $2B Valuation With Massive Funding Round
July 19, 2019

German AI-driven mobility startup FlixMobility has raised $531 million in a new funding round, and is now valued at more than $2 billion, according to reports.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

International
Jollypay Payment Platform Gets License To Operate In The UAE
July 19, 2019

Online payment system Jollypay has received a license to operate in the United Arab Emirates (UAE), and it’s one of the first foreign companies to do so, according to a release.   Get the Full Story Complete the form to unlock this article and enjoy unlimited...