News

Regulation
OCC Seeks Public Comment On Innovation Pilot Program
May 27, 2019

The headlines in recent weeks tied to the Office of the Comptroller of the Currency (OCC) have centered on legal disputes over national bank charters for FinTech companies. As has been reported in past weeks, a ruling handed down by a federal judge in New...

Investments
Alibaba Considers Raising $20B Via New Hong Kong Listing
May 27, 2019

Alibaba, the Chinese eCommerce giant, is reportedly mulling raising $20 billion in a second Hong Kong listing. Bloomberg, citing people familiar with the matter, said Alibaba is currently working with financial advisors on the offering. The company wants to file a listing application as early...

International
Chinese Gov’t Pours $22B To Prop Up Domestic Cos In 2018
May 27, 2019

The Chinese government increased subsidies it paid last year, aiming to help Chinese companies weather the economic slowdown in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
IKEA’s New App To Increase Digital, Decrease Physical Store Sales
May 27, 2019

IKEA is gearing up to roll out a new retail app that will enable consumers to shop online for products they can use in their homes. According to Reuters, the move is a departure for the furniture retailer that had long driven customers into its...

International
Trade War Highlights Ag’s Impact On The Digital Economy
May 27, 2019

Everything is connected, and that certainly holds true when one is talking about the various developments and twists in the U.S.-China relationship – which, in many ways, is among the most significant drivers of digital payments and commerce trends. Now, as agriculture is increasingly coming...

Cross Border Commerce
Tariff Battle May See Mounting Retail Casualties
May 27, 2019

Trade wars leave casualties on the economic battlefield, wounding balance sheets and earnings as the costs to import (and sell) goods mounts. That’s especially true for retailers caught in the cross-hairs of the ongoing skirmish between China and the United States, where the latest (and...

Retail
Can P2P Retail Be A Thing?
May 27, 2019

Starting a store, even a digital store, can be an awful lot of work. While the digital economy is full of firms like Square, Stripe, Shopify and the like that can make it easy to accept cards and get a digital storefront up and running...

IPO
Casper Could Be Nearing An IPO
May 27, 2019

With a $1.1 billion valuation and a growing share of the U.S. mattress market, Casper could be poised to be the latest company to go public this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Digital Banking
Revolut FinTech Gets Twice The Complaints Of Rival Monzo
May 27, 2019

Revolut, the U.K. FinTech, has more than double the complaints from customers that rival Monzo received during the years between 2015 and 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...