News

Banking
UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
July 29, 2024

While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is that a good number? Consider two facts before you answer. One: Ten million users is...

Delivery
DoorDash Hires Ex-Amazon Exec and Explores Digital Storefronts
July 28, 2024

DoorDash has reportedly hired an ex-Amazon executive to help its continued expansion beyond restaurant deliveries. 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,...

IPO
Chinese Autonomous Driving Firm WeRide Plans US IPO
July 28, 2024

WeRide, a Chinese autonomous driving startup, is planning to go public in the U.S. 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...

Fintech Investments
Mamo Raises $4.3 Million for UAE Small Business Financing
July 28, 2024

Dubai-based financial services firm Mamo has raised $4.3 million in new 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 daily newsletter, PYMNTS Today. By...

eCommerce
WTO Countries Sign Global eCommerce Agreement That Would Ban Tariffs
July 28, 2024

Several dozen World Trade Organization (WTO) countries have signed a sweeping agreement governing global eCommerce. 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,...

CFPB
CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices
July 28, 2024

The Consumer Financial Protection Bureau (CFPB) has accused rent-to-own company Acima of tricking customers into high-cost financing agreements. 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...

Retail
Doomsday Ready: Costco Aims to Be the Go-To Retailer for Preppers
July 27, 2024

As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about worst-case scenarios. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
India’s Central Bank Fines Visa Over Payment Authentication
July 26, 2024

The Reserve Bank of India (RBI) said Friday (July 26) that it fined Visa Worldwide Pte. Limited for its use of an unapproved payment authentication solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Fractile Raises $15 Million to Develop New AI Chip
July 26, 2024

U.K. startup Fractile has exited stealth and announced it raised $15 million in seed funding to develop a new artificial intelligence (AI) chip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...