News

Security & Fraud
Microsoft Says Computer Bug Could Be Exploited By Malware
May 15, 2019

Microsoft has warned that a patched computer bug affecting some of the older versions of Windows could be used as a weapon in the vein of the WannaCry worm, which infected countless computers with ransomware, according to a report by The Wall Street Journal.  Get...

Partnerships / Acquisitions
HKMA, BOT Team On FinTech Initiatives
May 15, 2019

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced on Wednesday (May 15) that they have inked a deal to collaborate to promote financial innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Investments
Grofers Raises $200M In SoftBank-Led Round
May 15, 2019

Grofers, the Indian online grocery startup, has raised more than $200 million in a new round of fundraising. 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...

Ridesharing
Ridehailing Startup Ola Launches Credit Card To Monetize User Base
May 15, 2019

Indian ride-hailing company Ola is getting into the credit card business, teaming up with SBI Bank in India and Visa to launch a credit card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fintech Investments
KOHO FinTech Raises $42M To Fund Growth
May 15, 2019

KOHO, the Canadian FinTech, announced on Wednesday (May 15) that is has closed a $42 million round of fundraising. In a press release, KOHO said the round was led by Portag3 Ventures and included participation from Greyhound Capital and other strategic investors. Get the Full...

Partnerships / Acquisitions
Startups Merge To Take On Airbnb
May 15, 2019

A group of four short-term stay startups in Europe have teamed up to create a new company and take on leader Airbnb. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
How Consumer Services Companies Are Innovating With App Features
May 15, 2019

To help improve their operations, consumer services companies appear to have some very specific ideas about digital technology. Firms in this space, which include entertainment venues, garages and contractors, show a lot of interest in consumer applications – and seem to be more interested in...

Retail
Walmart, Target Take On Amazon With Faster Fulfillment
May 15, 2019

Retailers are promoting faster shipping options in the wake of news that Amazon plans to speed up Prime shipping from two days to just one: Walmart, in one case, is offering NextDay delivery on a selection of items from its website. (The company also points...

Retail
US Retail Sales Fall In April
May 15, 2019

As Americans reduced their spending on appliances and clothes, among other items, retail sales in the U.S. dropped in April. The Commerce Department said on Wednesday (May 15) that sales declined 0.2 percent, CNBC reported. Get the Full Story Complete the form to unlock this...