Today In Payments: Cross-Border Payments Network Thunes Raises $60M; Klarna Debuts Social Shopping In UK

In today’s top news, B2B cross-border payments network Thunes raised $60 million, and Klarna debuted a redesigned app for its U.K. users. Plus, Epic Games has again asked a California judge to reinstate Fortnite to Apple’s devices.

B2B Cross-Border Payments Network Thunes Raises $60M

Thunes, the FinTech startup that operates a global cross-border payments network for emerging economies, announced on Tuesday (Sept. 8) that it has raised $60 million in Series B funding. The funding is intended to fuel its growth in Africa, Asia and Latin America.

Klarna Debuts Social Shopping in UK

Klarna, the global payments and shopping service based in Sweden, has redesigned its app for users in the United Kingdom. The new features include price reduction, online deal notifications and product alerts for customers.

Epic Games Again Asks Judge to Reinstate ‘Fortnite’ to Apple’s App Store

The maker of Fortnite has asked a California judge for the second time to reinstate its popular video game to Apple Inc.’s devices. In a court filing, Epic Games restated allegations it made last month, when it accused Apple of antitrust violations after it removed Fortnite from the App Store.

Citigroup Still at Odds With Hedge Fund Over Bank Payment Mistake

Capital Management is seeking to keep the $175 million it received when Citigroup accidentally paid out several Revlon lenders around $900 million in total.

Number of Disbursements Increases, While Instant Disbursements Barely Break 10 Percent

PYMNTS surveyed 5,000 consumers and 500 microbusinesses to examine the impact of instant payouts on their business and household cash flow, and their loyalty (or lack thereof) to the businesses sending them. Here’s what we learned.

Amazon Pay’s Gauthier: No One Can Predict Retail’s Future, So Innovate Around What Won’t Change

Merchants trying to decide where to invest time and money to keep pace with retail’s changing future might find more success in innovating the things that won’t change. As Patrick Gauthier, Amazon Pay general manager, tells PYMNTS, that means understanding what builds trust and confidence with a digital-first consumer.

Canoo Aims to Reinvent Electric Vehicles and Subscriptions

Canoo, the electric vehicle company that got a recent $600 million fundraise, aims to boost the customer experience and its profits with a subscription model.



Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border.

Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.