JD.Com, the Chinese Amazon-like online marketplace, has invested further into its logistics network with a 376 million yuan (about $55 million) investment in Jiangsu Xinning Modern Logistics for a 10 percent stake, according to a report by TechCrunch. Get the Full Story Complete the form...
Shares in Japan’s SoftBank Group have been sliding for three straight days, and closed 5.4 percent lower on Tuesday (May 14), according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Sweden-based Anyfin’s €8 million extended Series A funding round. Denmark’s Pleo has announced a $56 million Series B financing round led by Stripes, the number of merchants that accept Alipay...
Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article...
Prosecutors in Denmark have filed preliminary charges against another former executive of Danske Bank in relation to one of the biggest money-laundering scandals in the world, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy...
Amadeus, the travel technology solutions company, announced on Tuesday (May 14) that it has teamed up with Elavon and Mastercard to facilitate payments for Thai Airways. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Adobe and Amazon have teamed up to ride the next wave of online shopping — direct-to-consumer (D2C) selling, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Deutsche Bank announced on Tuesday (May 14) that it is tapping Malaysia‘s instant credit clearing system, DuitNow, to process payments for corporate clients. In a press release, Deutsche Bank said the real-time fund transfer platform changes how corporate clients make and receive funds in Malaysia....
Citigroup is making a bigger push into India, partnering with Indian digital payments company Paytm to launch a credit card. As Reuters reported on Tuesday (May 14), the Paytm First Card will give Indian consumers 1 percent cash back on all transactions. For Paytm, the...
