News

B2B Payments
Ant Expands FI Tech Services Platform In China
September 20, 2018

Ant Financial, the financial services unit of Alibaba, is rolling out a new brand to provide financial institutions (FIs) with support for digital transformation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cross-border Payments
Liberia Investigates $104M In Missing Bank Notes
September 20, 2018

The Justice Ministry in Liberia announced on Thursday (Sept. 20) that it is investigating $104 million in newly printed bank notes that disappeared. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Global Payments
Origami Partners With UnionPay For Global Expansion; Aircoach Rolls Out Contactless Payments
September 20, 2018

Welcome to The Axis, your late look at payments news from around the world. In Japan, Origami rolls out its international Origami Pay mobile service, Moody’s lauds the debut of a unified payment QR code in Singapore and Ireland’s Aircoach launches contactless payments on its busses. Get the Full Story Complete the form...

Retail
How Mobile Apps Are Tapping Into Gas Prices, Payments
September 20, 2018

Consumers use mobile apps throughout their drives – for directions, music or the latest traffic updates – but they can also be an opportunity for gas stations. Almost half – 43 percent of high-income millennials – said they would be more likely to visit a gas station...

Retail
Tesco Launches Jack’s Discount Grocery Concept
September 20, 2018

To take on discount grocers Lidl and ALDI, Tesco is rolling out a chain called Jack’s. The retailer intends to open 10 to 15 locations next year, Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Nike Sees Rise In Sold-Out Items Amid Colin Kaepernick Ad Campaign
September 20, 2018

After its controversial Colin Kaepernick ads appeared earlier in September, Nike has been on a sales tear. The retailer has been seen a rapid 61 percent rise in the number of sold out items following the release of the campaign, Reuters reported. Get the Full Story...

Retail
How Small Restaurants Are Doorstopping DoorDash
September 20, 2018

DoorDash has been a delivery service on the go, particularly throughout the summer and in the fall of 2018. Its war chest has recently swollen with a recent $250 million funding round co-led by Coatue Management and DST Global. That followed a $535 million round led by SoftBank, Sequoia...

B2B Payments
R3’s Marco Polo Releases First Product: Receivables Discounting
September 20, 2018

Marco Polo, the blockchain-powered trade finance platform developed by R3 and TradeIX, has launched its first product following the completion of bank partners’ proof of concept. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

B2B Payments
PwC Finds Blockchain Distrust High, Even As Adoption Accelerates
September 20, 2018

The financial services (FinServ) market is, by far, ahead of other industries when it comes to blockchain innovation and adoption, according to data released this year by PricewaterhouseCoopers (PwC). Much of that innovation has been focused on corporate finance and payments, as top financial services...