News

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

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Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea

Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea
Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea
October 16, 2020  |  Ridesharing

SK Telecom and Uber Technologies have entered into two business arrangements — one an agreement to collaborate and the other a joint venture — focusing...

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No Deal For Russia’s Yandex Merger With Tinkoff Group
No Deal For Russia’s Yandex Merger With Tinkoff Group
October 16, 2020  |  International

Russian search giant Yandex said in a statement on Friday (Oct. 16) that merger talks with TCS Group Holding (Tinkoff) have fallen apart.  Get the...

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Sources: Ant Group Plans $280B Hike In IPO Valuation Target 
Sources: Ant Group Plans $280B Hike In IPO Valuation Target 
October 16, 2020  |  IPO

Jack Ma’s Ant Group is said to be setting its sights on a $280 billion minimum valuation target for its initial public offering (IPO), which...

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Today In Payments Around The World: India Pay-Later App Slice Debuts No-Fee Visa Card; Stripe To Buy African Payment Processor Paystack
Today In Payments Around The World: India Pay-Later App Slice Debuts No-Fee Visa Card; Stripe...
October 16, 2020  |  News

In today’s top payments news around the world, India’s pay-later app Slice is introducing a no-fee Visa Card, while Stripe is purchasing payment processor Paystack....

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Today In Digital-First Banking: Mizuho Bank, JCB, Fujitsu Will Test Blockchain ID Tech; BBVA Takes Part In UK Instant Payments Pilot
Today In Digital-First Banking: Mizuho Bank, JCB, Fujitsu Will Test Blockchain ID Tech; BBVA Takes...
October 16, 2020  |  Digital-First Banking

In today’s top news in digital-first banking, Mizuho Bank, JCB and Fujitsu will pilot a blockchain-based identification system, while BBVA participated in an instant payments...

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Facebook Agrees To Labeling Program For UK Instagram Posts
Facebook Agrees To Labeling Program For UK Instagram Posts
October 16, 2020  |  Regulation

Facebook’s Ireland and United Kingdom unit has agreed to change the way Instagram works to “make it much harder for people to post an (advertisement)...

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TikTok Triggers Surge In Toy Sales As Kids Play At Home
TikTok Triggers Surge In Toy Sales As Kids Play At Home
October 16, 2020  |  Social Commerce

The popular social app TikTok is driving toy sales as the platform becomes a popular entertainment vehicle for children, tweens and teens, according to a...

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Rakuten-Owned ShopStyle Meets The Complex Fashion Shopper
Rakuten-Owned ShopStyle Meets The Complex Fashion Shopper
October 16, 2020  |  Retail

The fashion category has arguably been the most complex amid the pandemic and subsequent shift to the digital-first economy. Business models have been flipped to...

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Whole Paycheck Tracker: Walmart Still Leads Amazon In Health And Beauty
Whole Paycheck Tracker: Walmart Still Leads Amazon In Health And Beauty
October 16, 2020  |  Walmart Amazon whole paycheck

It’s the one category where Walmart still owns Amazon. Exclusive PYMNTS data analysis shows that health and beauty has been tracking at a high rate...

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