News

Investments
Delivery App Glovo Raises $169M In Series D Round
April 30, 2019

On-demand delivery app Glovo, which is similar to Postmates in that it promises to deliver anything, has raised $169 million in a Series D funding round, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Global Payments
Sonect Gets eMoney License In Lithuania; Alipay Teams With HarkHark For Mobile Orders
April 30, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Sonect obtaining an eMoney license in Lithuania. In addition, Sainsbury’s rolled out a till-free London brick-and-mortar store in the United Kingdom, and Alipay is working with food and travel marketplace...

Security & Fraud
EU Probe: Danske Ignored Russia’s Money Laundering Warnings
April 30, 2019

Danske Bank ignored warnings from Russia’s Central Bank about money laundering and suspicious transactions worth billions through Danske’s Estonian branch, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Ridesharing
Uber Adds Public Transport To Its London App
April 30, 2019

Uber has added real-time info on London’s underground to its app, as well as other forms of public transportation, including bus, overground, river boat, shuttle and train information, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Investments
Payments Software Co. Masabi Raises $20M
April 30, 2019

Masabi, a mobile ticketing and transportation payment company based in the U.K., has raised $20 million in a Series B funding round, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Partnerships / Acquisitions
UK Gives Green Light To PayPal/iZettle Deal
April 30, 2019

PayPal’s acquisition of iZettle is getting closer to completion after U.K.’s competition regulator dropped its opposition to the $2.2 billion deal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
Visa Powers Virtual Payments For Sabre
April 30, 2019

Global travel industry technology provider Sabre announced a partnership with Visa, the payments company, to support business-to-business virtual payments in the travel industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Retailers Are Getting Smarter About Artificial Intelligence
April 30, 2019

As artificial intelligence (AI) moves from theory to reality – a slow and uneven effort, but a real trend – retailers are starting to experiment with the technology. The work to craft AI-powered commerce tools comes as the technology is making initial inroads into financial...

Retail
How Digital Disruptors Are Taking On The QSR Drive-Thru
April 30, 2019

Some digital innovators reinvent old processes to make them more efficient. Daniel McCann, who started restaurant customer engagement platform 5thru, for instance, turned his focus to the long wait at the drive-thru. Consumers might want to get a morning cup of coffee, but face a...