News

Global Payments
India’s FSS Backs Ecentric Payment Systems; Vista Group Taps Temenos For Digital Transformation
March 11, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes India’s Financial Software and Systems (FSS) investment in South African payment processor Ecentric Payment Systems. In addition, African challenger bank Vista Group has selected banking software company Temenos to...

Delivery
STO Express Sells Stake To Alibaba In $693M Deal
March 11, 2019

Chinese courier STO Express has sold a stake to Alibaba, China’s largest eCommerce player. 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, PYMNTS...

Investments
China’s Mofang Raises $150M In Latest Round Of Funding
March 11, 2019

Mofang Apartment, the Chinese startup that provides institutional rental apartments, has raised $150 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 additional logins required. yesSubscribe to our...

Payments Innovation
NatWest Testing Biometric Fingerprint Card Payments
March 11, 2019

NatWest, the U.K. bank, is kicking off a test in which customers can use biometric fingerprint technology for card payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Digital Banking
IBM To Bring Blockchain-Based Services To CUs
March 11, 2019

CULedger, a credit union service organization, has inked a partnership with IBM to create blockchain services geared toward credit unions. 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...

IPO
Levi Strauss IPO Eyes $6.2B Valuation
March 11, 2019

In the land of tech-heavy IPOs and newly minted Silicon Valley millionaires, might the stars align for a marquee name in … jeans? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
SugarMoo And Delivering Dessert On Demand In Dubai
March 11, 2019

Raki Phillips was tired of cupcakes. 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, PYMNTS Today. By completing this form, you agree to...

Retail
US Retail Sales Increase In January
March 11, 2019

With a rise in discretionary spending and building materials purchasing, retail sales in the U.S. increased by 0.2 percent in January. At the same time, however, it was noted that retail sales fell by 1.6 percent in December compared to the 1.2 percent that was...

Retail
Why Retailers Are Making mPOS Technology A Top Priority
March 11, 2019

In the age of digital payments, mobile point of sale systems (POS) are making inroads with the promise of time-saving conveniences for merchants. These systems can provide restaurants with the ability to check their inventories or update their menus, for example. But interest in this...