News

Regulation
European Central Bank Says EU Banks Shun Cross-Border Activity
May 16, 2019

Eurozone banks are at risk of fragmentation and are turning away from cross-border activity, Reuters reported. 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
Bernie Sanders Wants To Break Up Facebook
May 16, 2019

Sen. Bernie Sanders, a 2020 presidential candidate, has voiced his support in breaking up Facebook, according to reports, something fellow candidate Sen. Elizabeth Warren has called for as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Uber/Lyft IPO Doldrums To Spill Over To WeWork?
May 16, 2019

They say a rising tide lifts all boats. Maybe the opposite is true, too, in a way – that a rocky sea swamps all ships. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Investments
Singapore Payments Startup YouTrip Raises $25.5M For Apac Expansion
May 16, 2019

Singaporean multi-currency payments app YouTrip has raised $25.5 million in a pre-Series A funding round, the company announced on Thursday (May 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Ridesharing
Ride-Hailing Startup Kapten Takes Aim At Uber In The UK
May 16, 2019

Kapten, a ride-hailing startup that’s backed by Daimler and BMW, has started operating in London and has put up ads targeted at Uber about how it avoids taxes in the U.K., according to a report by TechCrunch. Get the Full Story Complete the form to...

Alternative Finances
The Problems With Postal Banking
May 16, 2019

Last week presidential candidate Sen. Bernie Sanders and freshman New York Rep. Alexandria Ocasio-Cortez made a lot of headlines with the Loan Shark Prevention Act — a big, wide-ranging piece of consumer protection legislation that would do two main things. Get the Full Story Complete the...

Regulation
France’s Macron: US Private Sector Has Too Much Sway On Policy
May 16, 2019

France’s President Emmanuel Macron took issue with the American business model, arguing during a tech summit in Paris that the private sector has too much influence on U.S. policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Kr Space Raises $145M To Shift Its Focus
May 16, 2019

Kr Space, the Chinese co-working startup equivalent to WeWork in the U.S., raised $145 million in funding. 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...

Retail
China Tariffs Will Cause Price Hike At Walmart
May 16, 2019

Walmart’s prices will rise due to the ongoing trade war between the U.S. and China, 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 — no additional logins...