News

Partnerships / Acquisitions
DOJ Close To Approving T-Mobile, Sprint Merger
July 03, 2019

The Department of Justice (DoJ) is inching closer to approving a merger between the No. 3 and No. 4 telecom companies, T-Mobile and Sprint, according to a report by Bloomberg.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

International
China To Add More Cross-Border eCommerce Cities To Stabilize Trade
July 03, 2019

China is going to promote cross-border eCommerce in additional cities as an initiative to stabilize trade in the country, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Retail
Vending Machines Turn To The Bubbly To Gain More Sales
July 03, 2019

Among the more interesting storylines of this era of digital commerce and payments is the maturation of vending machines — sorry, “unattended retail.” And now that story involves Champagne (along with similar beverages that are Champagne-like but not technically Champagne). Get the Full Story Complete...

Biometrics
Alipay To Add Beauty Filters To Facial Recognition Kiosks In China
July 03, 2019

Alipay will soon add beauty filters to its facial-recognition payment systems all across China, according to reports.  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...

Investments
Sony Launches $185M ‘Innovation Growth Fund’ For Tech Investments
July 03, 2019

To invest in companies within “key high-growth industries,” Sony is homing in on the world of investments in upstarts. The company has the goal of raising approximately $185 million or 20 billion JPY in a new tech startup fund, according to reports. Get the Full...

Retail
Walmart’s eCommerce Business Posts $1B Loss
July 03, 2019

Walmart’s eCommerce division is projecting losses of $1 billion in its bid to catch up with Amazon, which is causing tensions between the leader of the division and Walmart U.S. CEO Greg Foran, according to reports. Get the Full Story Complete the form to unlock...

Investments
Paris-Based Logistics Startup Cubyn Raises $13.5M
July 03, 2019

A logistics startup based out of Paris called Cubyn has raised about $13.5 million (€12 million) in a Series B funding round, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Japan-Based Challenger Bank Kyash Notches $14M To Expand
July 03, 2019

To continue its growth, FinTech firm Kyash has reportedly notched $14 million in funding. The investment was co-led by Mitsubishi UFJ Capital and Goodwater Capital, which has backed FinTech upstarts such as Stash, Toss in Korea and Monzo, according to reports. Get the Full Story...

B2B Payments
UK Banks Turn To Trust As FinTech Competitive Foil
July 03, 2019

With challenger banking revving up in the U.K. market, High Street challenger banks are looking for ways to continue to set themselves apart with consumer and small business clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...