News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

Source: pymnts.com

Walmart’s PhonePe Steps up Competition With WealthDesk, OpenQ Buys

Walmart’s PhonePe Steps up Competition With WealthDesk, OpenQ Buys
Walmart’s PhonePe Steps up Competition With WealthDesk, OpenQ Buys
May 19, 2022  |  Acquisitions

PhonePe is stepping up the competition in India and trying to further take on Google and Amazon with the acquisition of wealth management firms WealthDesk...

READ MORE >
Capital Spending Aimed At Loosening Supply Chain Holdups Increasing at US Companies
Capital Spending Aimed At Loosening Supply Chain Holdups Increasing at US Companies
May 19, 2022  |  Supply Chain

U.S. companies have been moving up their capital spending plans in an effort to streamline the supply chain snags that have crippled much of the...

READ MORE >
Report: TikTok Tests Gaming in Vietnam as Part of Broader Push
Report: TikTok Tests Gaming in Vietnam as Part of Broader Push
May 19, 2022  |  Social Commerce

TikTok has been conducting tests so users in Vietnam can play games on the video-sharing app, the company’s first step in what Reuters calls in...

READ MORE >
Bill Could Force Google to Break up Ad Business
Bill Could Force Google to Break up Ad Business
May 19, 2022  |  Google

Google could be forced to break up its ad business if a bill introduced Thursday (May 19) by Sen. Mike Lee, R-Utah, becomes law. Get...

READ MORE >
Faced With Soaring Costs, Tight Supply, Renters Tap Crowdsourcing, Government Aid
Faced With Soaring Costs, Tight Supply, Renters Tap Crowdsourcing, Government Aid
May 19, 2022  |  Connected Economy

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
The Data Point: 74% of Firms Say Digital Payments Improve Working Capital Management
The Data Point: 74% of Firms Say Digital Payments Improve Working Capital Management
May 19, 2022  |  Digital Payments

Those who hesitate often end up playing catch-up, and that goes double for businesses during the historic digital shift that’s remaking back-office finance departments with...

READ MORE >
Singapore’s MAS-Backed Elevandi Launches FinTech Advisory Committee
Singapore’s MAS-Backed Elevandi Launches FinTech Advisory Committee
May 19, 2022  |  Fintech Investments

Elevandi, a company established by the Monetary Authority of Singapore (MAS) to promote FinTech in the digital economy, has formed its advisory committee. Get the...

READ MORE >
Deutsche Bank Backs MarketFinance’s Efforts to Lend $125M to UK SMBs
Deutsche Bank Backs MarketFinance’s Efforts to Lend $125M to UK SMBs
May 19, 2022  |  SMBs

London-based FinTech MarketFinance has raised debt from Deutsche Bank that will allow the company to fund part of a 100 million British pound (about $125...

READ MORE >
DOJ To Increase Antitrust Scrutiny Over Buyout Deals
DOJ To Increase Antitrust Scrutiny Over Buyout Deals
May 19, 2022  |  ANTITRUST

Jonathan Kanter, head of the Department of Justice (DOJ) Antitrust Division, has warned buyout firms that they may be subject to tougher regulatory review if...

READ MORE >