News

B2B Payments
Online Lending Site Launched By PM Now Biggest In India
March 04, 2019

An online loan site, launched in November by Prime Minister of India Narendra Modi, is now the largest online lending platform in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

B2B Payments
Corporate Finance Execs Split On Threat Of Economic Recession
March 04, 2019

Corporate finance executives and economists are juggling a lot in today’s period of market volatility — and more change is on the way. In the U.S., talk of an economic recession has some analysts worried, but not everyone is convinced the threat will turn to...

B2B Payments
BizTechnologies Integrates Invoicing, Inventory In SMB Accounting
March 04, 2019

BizTechnologies is rolling out a new version of its small business accounting platform with added enhancements and integrations. 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...

B2B Payments
Small Businesses In The Crosshairs Of Utility Fraud
March 04, 2019

As small businesses (SMBs) heighten their awareness of fraud and cybercrime, fraudsters add to their own lists of tactics to steal money. Recent years have shed light on the Business Email Compromise (BEC), ransomware and phishing (just to name a few), with cybercriminals taking advantage...

B2B Payments
Australia, New Zealand Adopt Framework For eInvoicing
March 04, 2019

Australia and New Zealand have announced that they are both adopting the Pan-European Public Procurement On-Line (PEPPOL) interoperability framework for eInvoicing. Australia Prime Minister Scott Morrison and New Zealand Prime Minister Jacinda Ardern revealed the news at the annual Australia-New Zealand Leaders Meeting in Auckland on...

South East Asia
Chinese Tech Companies Reining In Perks, Laying Off As Economy Slows
March 04, 2019

Didi Chuxing, the Chinese ride-hailing startup, ByteDance, the mobile app maker in China, and other Chinese tech firms are reining in perks such as free snacks and gym memberships, slashing bonuses and laying off workers amid a slowdown in the economy. Get the Full Story...

Alternative Finances
Levchin: Why The Affirm-Walmart Partnership Is More Than POS Credit
March 04, 2019

As we learned last week, purchase financing for Walmart customers is changing. In fact, the change has already begun and will continue to roll out over the next several weeks. Going forward on both Walmart’s website and at nearly all of Walmart’s physical locations nationwide, customers will be...

IPO
Lyft IPO Docs Show Revenue Of $2B, Losses Of $911M
March 04, 2019

Ride-hailing company Lyft made its initial public offering (IPO) papers public on Friday (March 1) to kick off what is expected to be a busy year for IPOs. According to The Wall Street Journal (WSJ), the papers revealed that the company earned $2.16 billion in 2018,...

eCommerce
Marketplaces: The Difference Between Fail And Scale
March 04, 2019

Shopping on a traditional, narrowly focused eCommerce site is one thing. Consumers are dealing with a single merchant, and the working assumption is that the retailer is vetting suppliers and products, and has invested the time and money to provide a secure environment in which...