News

Global Payments
Ant’s Xiang Hu Bao Brings In 50M Users; Bristol Leads UK In Contactless Payments
April 11, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes a ranking that shows Bristol as the top city for cashless transactions in the United Kingdom. In addition, Google is reportedly working with MMTC-PAMP to let Google Pay users buy...

Retail
Rite Aid To Quit E-Cig Sales, Add CBD Items In Select States
April 11, 2019

Rite Aid said it will no longer sell electronic cigarettes amid what it calls an “epidemic” of teen vaping, and that it will start selling cannabidiol (CBD) products in Washington and Oregon, according to a report by CNBC. Chief Operating Officer Bryan Everett told analysts...

Banking
IMF Head Sees Cryptos ‘Shaking’ The System — But Will Banking Stay Shook?
April 11, 2019

To quote a rock ‘n’ roll poet (Jerry Lee Lewis): Whole lotta shakin’ going on. 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 newsletter,...

Regulation
Dutch Antitrust Agency To Investigate Apple Over App Favoritism
April 11, 2019

Apple is being investigated by the Netherlands’ Authority for Consumers & Markets (ACM) over accusations that it gives precedence to its own apps over competitors, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Partnerships / Acquisitions
Airbnb Hosting Site GuestReady Acquires Rival BnbLord
April 11, 2019

GuestReady, a startup that helps hosts on Airbnb and other similar sites, has acquired a fourth rival in a continuing push for market prominence, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Investments
Lemonade Raises $300M In Venture Funding To Expand
April 11, 2019

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced Thursday (April 11) it has raised $300 million in venture funding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Investments
Credit Suisse: iPhone Sales Could Plummet 12 Pct. This Year
April 11, 2019

With Apple suffering from lackluster demand for its iPhone devices, Wall Street firm Credit Suisse was prompted to start the Cupertino, California tech giant at a neutral rating. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Kyriba Raises $160M As Bridgepoint Becomes Majority Owner
April 11, 2019

Kyriba, the cloud treasury and finance services company, announced on Thursday (April 11) that it closed a $160 million growth round of funding led by Bridgepoint, the private equity firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Solving The Subscription Movie Formula
April 11, 2019

The appeal of a subscription service like MoviePass is obvious. Movie tickets are expensive: The average price of a ticket for a non-matinee in 2018 was $9.11, and as a result most Americans don’t go to the movies all that often — fewer than 10...