News

Regulation
Facebook, Google Pressured In India Over Privacy, Taxes
February 12, 2019

Indian activists with the New Delhi-based Centre For Accountability And Systemic Change (CASC) and right-wing activist K.N. Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws,...

Global Payments
Societe Generale Taps HPS For Payment Tech; ADCB Rolls Out App With Strands Tech
February 12, 2019

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Societe Generale’s selection of HPS for payment operations technology in Africa. The Abu Dhabi Commercial Bank (ADCB) has rolled out a personal finance management (PFM) app that was created...

eCommerce
FinTech SumUp Buys Shoplo To Expand eCommerce Biz
February 12, 2019

U.K.-based FinTech SumUp, which helps small to medium-size businesses (SMBs) take card payments, has acquired Shoplo, a multichannel eCommerce platform. The move was a bid to expand its reach and to provide its merchants entry into different online marketplaces like eBay, Etsy and Facebook, according...

Delivery
Indian Food Delivery App Swiggy Adds General Deliveries
February 12, 2019

Swiggy, a food delivery app in India, will be rolling out a new feature called “Swiggy Stores,” which will include general deliveries of grocery and other items beyond just food, according to a report in TechCrunch. Get the Full Story Complete the form to unlock this...

Security & Fraud
GM Test Drives Blockchain ID Verification
February 12, 2019

General Motors’ financing unit, General Motors Financial, is teaming up with Spring Labs, a blockchain company, to create identity verification solutions. 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...

Investments
DoorDash Market Cap Breaks $6B After $500M Fundraise
February 12, 2019

DoorDash, the food delivery startup, is gearing up to raise about $500 million, giving the company a valuation of higher than $6 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Why Subscription Merchants Are Offering Mobile Optimization With Payments
February 12, 2019

From consumer packaged goods (CPG) to technology, companies in all sorts of industries are adopting the subscription business model. But, despite the differences in their offerings, merchants that offer subscriptions share similar challenges: They must provide a smooth process for product delivery and payment acceptance....

Retail
2ndKitchen And Platforms As A Satellite Kitchen Service
February 12, 2019

Bars, breweries and bowling alleys may serve up drinks and experiences, but they don’t always have kitchens to prepare meals or bar bites for customers. “When it comes to food, they kind of struggle to provide that amenity to their customers,” Nick Anastasiades, CEO and...

Retail
Bankrupt Toys R Us Aims For Retail Revival
February 12, 2019

Even with the liquidation of Toys R Us operations in the U.S., Australia and the U.K., parts of the business in other regions are still active and purchase goods as well as pay royalties to Tru Kids. Now, the company is looking to restart the...