News

Global Payments
Bingxi Culture Works With Alipay For Art Sharing, Razer Pay Sees Interest From Brands
November 12, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the launch of China’s Bingxi Culture “art sharing” platform that enables people to lease out art using Alipay. In addition, Razer’s mobile wallet dubbed Razer Pay may come to tens of...

News
Trade Finance Gets Blockchain Boost
November 12, 2018

Readers of this space know that trade finance — which concerns both domestic and international B2B transactions — has been mired in paper.  Paper checks, letters, letters of credit … even fax transmissions (and yes, email of course). Get the Full Story Complete the form...

Ridesharing
Lyft To Debut Ridesharing Rewards Program
November 12, 2018

Lyft, the ride-hailing company that reached 1 billion rides in September, announced news on Monday (November 12) that it is gearing up to roll out a loyalty program dubbed Lyft Rewards. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Apple iPhone Outsells Samsung, Huawei On Alibaba’s Singles Day
November 12, 2018

Alibaba’s 24-hour Singles Day not only broke records for the Chinese eCommerce leader, but Apple emerged as the top-selling mobile phone vendor during the shopping event. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Partnerships / Acquisitions
eBay Gets Into The Household Services Business
November 12, 2018

Online marketplace eBay is getting into the home installation market in a bigger way, announcing news on Monday (November 12) of new partnerships with Handy, Porch and InstallerNet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

IPO
SoftBank’s $21 Billion Mobile Unit IPO Slated For December
November 12, 2018

SoftBank, the Japanese company, has received regulatory approval from the Tokyo Stock Exchange for the initial public offering (IPO) of its mobile unit, reported the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
Smart Cities At Risk for GDPR Fines?
November 12, 2018

GDPR still has ripple effects, several months after its debut — and the ripple effects extend from Europe to U.S. shores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Retail
Walmart Plans AI Retail Lab For NY Store
November 12, 2018

Walmart plans to bring an Intelligent Retail Lab to a Levittown, New York, store to experiment with customer and associate experiences. The idea is to apply artificial intelligence (AI) technology to a grocery store as opposed to a warehouse club setting, according to reports. Get...

Retail
UK Retailers Could Receive Refunds In ATM Business Rate Case
November 12, 2018

In what could be the end of a conflict that has lasted for five years, the U.K.’s Court of Appeal ruled on Friday (November 9) that automated teller machines (ATMs) should not be separately assessed when it comes to business rates. Refunds in the hundreds...