News

Regulation
Trump Administration Shrinks Finance Watchdog
August 09, 2018

The Trump administration is laying off 40 staff members at the Office of Financial Research (OFR), an independent bureau that analyzes market trends to detect financial risks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Partnerships / Acquisitions
Russian Car-Share Acquires Fuel Startup
August 09, 2018

Russian car-sharing company Yandex.Drive, owned by Russia’s largest internet group Yandex, has bought startup fuel delivery service Toplivo v Bak. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

International
Jack Ma: Africa Is The Next Great Tech Frontier
August 09, 2018

Alibaba Group Holding’s founder and chairman Jack Ma China’s said that the company “will do anything to share technology” with Africa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

eCommerce
Expedia’s HomeAway Takes On Airbnb
August 09, 2018

Expedia is ready to take on Airbnb by adding more house listings to its HomeAway unit. 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...

Retail
Walmart Closes $16B Flipkart Deal
August 09, 2018

India’s anti-trust regulator has approved Walmart’ $16 billion acquisition of online marketplace Flipkart. 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....

Regulation
Some States Readying For A Fight Over Federal Government’s FinTech Oversight
August 09, 2018

Some states are girding for a fight with the Trump White House over plans for the federal government to increase its role in overseeing the FinTech startup market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
Money Laundering Runs Rampant On Canadian Border
August 09, 2018

Law enforcement officials are seeing a rise in money laundering cases in Canada, and some say the country isn’t doing enough to clamp down on the criminal activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
Flipkart Funds Paytm Rival In India
August 08, 2018

Flipkart, the India eCommerce player, has reportedly invested ₹452 crore ($66 million USD) into PhonePe, its payments unit. 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...

News
Five At Five: NYC Votes To Impose Ridesharing Cap
August 08, 2018

Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes New York lawmakers seeking to put a cap on ridesharing services, states working to embrace blockchain, Hawaii saving money by converting some functions to digital,...