News

eCommerce
DHL Expands eShop In Africa
May 30, 2019

DHL is expanding its eCommerce platform in Africa into 9 additional markets, bringing its total reach to 20 African countries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Investments
Brex Hits $2B Valuation Two Years After Launch
May 30, 2019

San Francisco-based startup Brex is set to close on new funding at a valuation of more than $2 billion. 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...

Mobile Payments
Fitbit Tap-And-Pay Coming To NYC Transit
May 30, 2019

Fitbit has announced that Fitbit Pay will be a part of the Metropolitan Transportation Authority’s (MTA) One Metro New York (OMNY) contactless fare payment pilot program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Bain Capital Raising $1B Fund For Software, Cybersecurity
May 30, 2019

Sources have revealed that long-standing private equity firm Bain Capital is trying to raise $1 billion to launch a new technology fund that the firm will use for buyouts and late-stage minority investments. The anonymous sources told CNBC that the fund — called Bain Capital...

Omnicommerce
Making Sense Of The New Omnichannel Experience
May 30, 2019

As far as buzzwords go, one must tip their hat to the enduring power of “omnichannel.” 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...

Regulation
Marijuana Apps Banned From Google Play
May 29, 2019

Google has announced new rules for its Play store; one of the main ones is the banning of apps that help people purchase marijuana, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
CRM Startup Pico Raises $4.5M In Stripe-Led Round
May 29, 2019

Pico, a startup aimed at helping companies cull revenue from subscription models, has raised $4.5 million in a funding round led by Stripe and Precursor Ventures, according to a report. Bloomberg Beta, Village Global and Axel Springer Digital Ventures also participated in the round. Get...

IPO
WeWork Looking For A $2.75B Line Of Credit Ahead Of IPO
May 29, 2019

New York-based startup WeWork, which rents office space and desks to workers, is looking for a $2.75 billion credit line in anticipation of an upcoming initial public offering, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article...

Global Payments
TransferMate Gets Payment License In Singapore; Shanghai Commercial Bank Teams With EMQ
May 29, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes TransferMate’s approval for a payments license in Singapore, Chinese bank Shanghai Commercial Bank (SCB) working with the EMQ to support cross-border money transfers, Woori Bank and Wing Limited Special Bank reportedly...