Retail: Page 69
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Astrid Stawiarz via Getty Images
Klarna raises $639M, eyes international expansion
Klarna, now with a $45 billion market valuation, aims to expand its global market share and in-store buy now-pay later options.
By Vaidik Trivedi • June 11, 2021 -
Justin Sullivan via Getty Images
Airbase raises $60M, aims for larger clients
Airbase plans to use the new capital to upgrade its products in a crowded expense management space.
By Vaidik Trivedi • June 9, 2021 -
Explore the Trendlineâž”
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TrendlinePayments industry seeks to keep pace with fraudsters
As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.
By Payments Dive staff -
Retrieved from Clair on June 10, 2021
Clair attracts $15M for its on-demand pay play
Clair is bolstering its resources as competition intensifies in offering employers and employees on-demand pay options.
By Lynne Marek • June 9, 2021 -
Justin Sullivan via Getty Images
Amazon card portfolio up for grabs with bids from AmEx, Synchrony
JPMorgan Chase, the nation's largest bank, may reportedly be ready to part with the Amazon portfolio it has worked with since 2002.
By Dan Ennis • June 9, 2021 -
Courtesy of Gemini
Gemini acquires Shard X, seeking to bolster crypto transactions and custodian security
Cryptocurrency exchange and custodian platforms like Gemini are ramping up security measures as the digital asset class is gaining popularity among users and fraudsters alike.
By Vaidik Trivedi • June 8, 2021 -
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Walmart makes cash payment options more efficient
The retailer in August will start offering a faster cash payment option at 4,000 locations to customers paying monthly bills, through its partnership with financial tech partners PayNearMe and Green Dot.
By Lynne Marek • June 8, 2021 -
Vaidik Trivedi
'Super-apps' are the next evolutionary step for financial services
As transactions are increasingly digitized, financial service providers are vying to create "super-apps" that connect consumers to a bevy of financial services.
By Vaidik Trivedi • June 7, 2021 -
Courtesy of Visa
Consumer spending changes likely to stick, Visa says
For better or worse, some of the pandemic-triggered behavioral changes, like more online purchasing and digital payments, are likely to outlast COVID, a top executive for the company said.
By Lynne Marek • June 3, 2021 -
Courtesy of Leticia Resende
DLocal raises $75M in IPO, spearheads emerging markets
DLocal aims to expand in emerging markets because "strong cross-border business partnerships between global merchants and service providers are important and will continue to gain importance," DLocal COO Sumita Pandit told Payments Dive.
By Vaidik Trivedi • June 3, 2021 -
Courtesy of Brain Ruby
Certegy aims to counter rivals with white label offering
Certegy is taking aim at competing buy now-pay later market players with its new product, as customer adoption of that BNPL financing option grows.
By Vaidik Trivedi • June 2, 2021 -
Justin Sullivan via Getty Images
Visa's results show rising consumer demand
The card giant's May performance released Tuesday underscores the economic recovery that economists have been predicting.
By Lynne Marek • June 2, 2021 -
Courtesy of SpotOn
SpotOn raises $125M to keep up battle against Toast, Square
"We're always looking for companies to partner with or acquire," said SpotOn Co-CEO Zach Hyman. "It's always a question of build versus buy."
By Lynne Marek • June 1, 2021 -
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Sponsored by SplititHow BNPL can help reduce cart abandonment
The largest barrier to cart abandonment is the simplest: shoppers are worried about being able to afford the purchase.
June 1, 2021 -
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Sift acquires Chargeback to crack down on rising payments fraud
Sift is beefing up its ability to fight rising e-commerce fraud through its acquisition of software-as-a-service company Chargeback.
By Vaidik Trivedi • May 31, 2021 -
Sean Gallup via Getty Images
PayPal invests $50M more in Black, Latinx funds
PayPal is placing the money with 11 Black and Latinx-led venture capital funds to "expand wealth creation opportunities," doubling up on an initial investment last year.
By Vaidik Trivedi • Updated June 3, 2021 -
Courtesy of Brian Ruby
Paymentus raises $210M in IPO, eyes international expansion
The company aims to acquire other companies as it pursues expansion in the European, Asia-Pacific and LatAm markets.
By Vaidik Trivedi • May 26, 2021 -
Courtesy of Fiserv
Fiserv, PayMyTuition partner to ease Chinese student tuition payments
The partnership will provide services for Chinese student tuition payments to educational institutions in Australia and Singapore and expand to other parts of the world.
By Vaidik Trivedi • May 26, 2021 -
Courtesy of Sunbit Press Room
Sunbit raises $130M, doubles down on BNPL for auto-repairs, elective healthcare
Sunbit is offering buy now-pay later financing services in those categories partly because of their "stickiness" in customer relationships, Sunbit CEO Arad Levertov told Payments Dive.
By Vaidik Trivedi • May 25, 2021 -
Teresa Kroeger via Getty Images
Square may soon offer small-business checking and savings accounts, app code shows
The code indicates the company will not charge monthly service fees, minimum balance fees or overdrafts on its checking account, and will offer a 0.5% interest rate on its savings account through 2021, Bloomberg reported.
By Dan Ennis • May 25, 2021 -
Courtesy of Kerry Walker
ReCharge eyes European expansion, raises $227M in capital
The company, founded in 2014, provides e-commerce businesses the opportunity to add subscription-based payment options for recurring payments.
By Vaidik Trivedi • May 24, 2021 -
Dan Kitwood via Getty Images
Payments giant FIS makes another crypto move, expanding in Europe
"We’ll be well-positioned to handle (cryptocurrencies) across the whole ecosystem in the marketplace," FIS President Bruce Lowthers said at a recent industry conference.
By Lynne Marek • May 24, 2021 -
Courtesy of Nitesh Rajoria
Credit Rich offers millennials, marginalized communities more credit tools
"We created Credit Rich to provide people with the opportunity to take the burden [of debt] off them by helping them understand how the credit system works," said Angel Rich, CEO of Credit Rich parent WealthyLife.
By Vaidik Trivedi • May 21, 2021 -
Courtesy of CashApp - Square
Square and Plaid partner to provide ACH payments to merchants
Square aims to draw larger merchants to its services with the new offering, while continuing to cater to smaller businesses growing into the middle market.
By Vaidik Trivedi • May 20, 2021 -
Courtesy of Shannon Shrewbrook
Cedar to acquire OODA Health for $425M to digitize, simplify healthcare bill payments
The two companies join forces to digitize medical bill payment processes after the pandemic increased telemedicine use.
By Vaidik Trivedi • May 19, 2021 -
Permission granted by Lance
Neobank Lance targets gig economy's income volatility
The New York City-based challenger divides a user's payments into sub-accounts for salary, tax withholdings, business expense balance and a savings account automatically.
By Anna Hrushka • May 19, 2021
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