News

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

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Luckin Aims To Raise $586.5M With IPO
Luckin Aims To Raise $586.5M With IPO
May 06, 2019  |  Investments

Chinese coffee company Luckin, a fast-growing startup that aims to replace Starbucks as China’s largest coffee giant, is looking to raise $586.5 million ahead of...

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Instagram’s High-Fashion Fakes Problem
Instagram’s High-Fashion Fakes Problem
May 06, 2019  |  Retail

Instagram has a counterfeit goods problem. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Morgan Stanley Will Shutter Banking Operations In Russia In Q1 Of 2020
Morgan Stanley Will Shutter Banking Operations In Russia In Q1 Of 2020
May 06, 2019  |  Banking

Morgan Stanley will send the Russian central bank a notice that it’s going to formally close of all of its banking operations in the country...

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SoftBank Invests $20M In Mexican FinTech Clip
SoftBank Invests $20M In Mexican FinTech Clip
May 06, 2019  |  Investments

Japanese capital group SoftBank has invested $20 million in Clip, a Mexican FinTech startup that offers a mobile credit card reader for smartphones. Businesses all...

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MeReal Biometrics Debuts Keyper Card; Maybank Implements SWIFT GPI Service
MeReal Biometrics Debuts Keyper Card; Maybank Implements SWIFT GPI Service
May 06, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the debut of Hong Kong’s MeReal Biometrics Keyper smart...

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Apple To Reveal New In-House Apps At WWDC
Apple To Reveal New In-House Apps At WWDC
May 06, 2019  |  Apple

Apple’s Worldwide Developers Conference (WWDC), where the company introduces new products and services and an operating system upgrade, is slated for June 3. Get the...

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For MercadoLibre, Payoff From Payments
For MercadoLibre, Payoff From Payments
May 06, 2019  |  Earnings

For MercadoLibre, the Argentine eCommerce firm incorporated in the United States, with platforms such as the eponymous mercadolibre.com, there has been payoff in payments. Get...

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Tim Cook Says Buffett Sees Apple As Consumer Company
Tim Cook Says Buffett Sees Apple As Consumer Company
May 06, 2019  |  Investments

Apple’s CEO Tim Cook has continued to make the argument that the Cupertino, California iPhone maker is a consumer company, not a tech one, pointing...

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NCR Acquires Restaurant POS Firm
NCR Acquires Restaurant POS Firm
May 06, 2019  |  Partnerships / Acquisitions

NCR, an Atlanta-based payments technology company, has acquired Texas P.O.S., a Houston-based provider of point-of-sale (POS) solutions for restaurants and merchants, according to a press release....

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