News

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

Source: pymnts.com

B2B Payments Platform Melio Raises $250M at $4B Valuation

B2B Payments Platform Melio Raises $250M at $4B Valuation
B2B Payments Platform Melio Raises $250M at $4B Valuation
September 14, 2021  |  B2B Payments

B2B payments platform Melio has reached a $4 billion valuation after announcing it had raised an additional $250 million in a funding round, according to...

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Grovara’s B2B Marketplace Streamlines Exportation Process for US Wellness Brands
Grovara’s B2B Marketplace Streamlines Exportation Process for US Wellness Brands
September 14, 2021  |  B2B Payments

Facilitating exports has led to booming business for Grovara’s online B2B marketplace as well as the buyers and sellers who use it to make transactions....

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Grab’s Q2 Focuses on Enhanced Super App Integrations
Grab’s Q2 Focuses on Enhanced Super App Integrations
September 14, 2021  |  Earnings

Singapore-headquartered super app Grab posted second-quarter earnings that showed a marked focus on building out its app integrations with enhanced products for financial services, expanded...

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Finicity CEO Sees Open Banking, Consumer Permission at Core of Lending’s Future
Finicity CEO Sees Open Banking, Consumer Permission at Core of Lending’s Future
September 14, 2021  |  Data

Two decades ago, consumer-permissioned data was in its nascent stages. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Embedded Finance: What’s Old is New Again
Embedded Finance: What’s Old is New Again
September 14, 2021  |  Payment Methods

Adam Cohen, general manager of enterprise at Payoneer, told PYMNTS that embedded finance is nothing new: “When you think about it, embedded finance is quite...

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The European Payments Initiative: Laying the Infrastructure for Europe’s Super Payments App
The European Payments Initiative: Laying the Infrastructure for Europe’s Super Payments App
September 14, 2021  |  Payment Methods

Across Europe — 44 countries, dozens of languages, myriad ways to pay — cross-border, cross-functional infrastructure could eventually give rise to a “super app.” Get...

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Fractional Stock Purchases Will Be ‘Holy Grail of Financial Literacy’ DriveWealth CEO Says
Fractional Stock Purchases Will Be ‘Holy Grail of Financial Literacy’ DriveWealth CEO Says
September 14, 2021  |  Investments

The ability to dabble in the stock markets was traditionally seen as the preserve of what we might call “grownups,” or professional investors with fat...

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Brazil’s ‘Cash Is King’ Culture Cedes Ground to Convenient Gift Cards, QR Codes
Brazil’s ‘Cash Is King’ Culture Cedes Ground to Convenient Gift Cards, QR Codes
September 14, 2021  |  Payment Methods

Cash might still be the king of South America’s largest economy, Brazil, where it accounts for over a third of all payments — but as...

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Supply Management Firm LevaData Raises $47M
Supply Management Firm LevaData Raises $47M
September 14, 2021  |  Investments

Supply management software company LevaData announced that it had closed a $47 million Series C funding round, according to a press release on Monday (Sept....

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