News

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

Source: pymnts.com

Toast’s IPO Filings Say ResTech Industry Spending Will Double

Toast’s IPO Filings Say ResTech Industry Spending Will Double
Toast’s IPO Filings Say ResTech Industry Spending Will Double
August 30, 2021  |  IPO

Toast is made to order, perhaps, for the parade of initial public offerings (IPOs) on Wall Street that in recent months have trained a spotlight...

READ MORE >
Nigeria’s Central Bank Announces Plans to Launch Digital Currency
Nigeria’s Central Bank Announces Plans to Launch Digital Currency
August 30, 2021  |  Cryptocurrency

The Central Bank of Nigeria (CBN) has reportedly sent a document to banks in the country detailing the design of its soon-to-be launched e-naira digital...

READ MORE >
China Regulators Cracking Down on Peer-to-Peer Sharing Economy
China Regulators Cracking Down on Peer-to-Peer Sharing Economy
August 30, 2021  |  Regulation

China’s State Administration of Market Regulation (SAMR) said on Monday (Aug. 30) that it plans to beef up its supervision of the country’s peer-to-peer (P2P)...

READ MORE >
Subprime Mortgage Billionaire John Paulson Discourages Crypto Investing
Subprime Mortgage Billionaire John Paulson Discourages Crypto Investing
August 30, 2021  |  Cryptocurrency

John Paulson raked in billions by taking advantage of the U.S. 2008 real estate debacle and now has shared that he sees cryptocurrency as a...

READ MORE >
Hurricane Season Puts Focus on Mitigating Financial Disruption of Natural Disasters
Hurricane Season Puts Focus on Mitigating Financial Disruption of Natural Disasters
August 30, 2021  |  Economy

Greek philosopher Epicurus gets the nod for writing, “Skillful pilots gain their reputation from storms and tempest.” As wildfires, tropical storms, floods and hurricanes compound...

READ MORE >
Amex Drops Support For Samsung Pay In India
Amex Drops Support For Samsung Pay In India
August 30, 2021  |  International

American Express (Amex) is ditching support for Samsung Pay in India, which was launched in 2017 to back credit and debit cards from financial institutions...

READ MORE >
Apple Buys Primephonic Classical Music Streaming Service
Apple Buys Primephonic Classical Music Streaming Service
August 30, 2021  |  Apple

Apple has purchased 3-year-old classical music streaming service Primephonic, according to a Monday (Aug. 30) press release on the company’s website. Get the Full Story...

READ MORE >
IMF Warns of ‘Substantial Risks’ in Making Crypto National Currency
IMF Warns of ‘Substantial Risks’ in Making Crypto National Currency
August 30, 2021  |  Cryptocurrency

The International Monetary Fund (IMF) says decisions like El Salvador’s choice to make bitcoin a legal tender as of Sept. 7 and the adoption of...

READ MORE >
Amid Safety Concerns, McDonald’s Suggests Franchisees Shift from Dine-In to Safer, More Profitable Channels
Amid Safety Concerns, McDonald’s Suggests Franchisees Shift from Dine-In to Safer, More Profitable Channels
August 30, 2021  |  Restaurant innovation

With the rise in COVID-19 cases, McDonald’s is turning its focus to its off-premises channels. New cases are up about tenfold from just two months...

READ MORE >