Новости за 11.10.2021

China’s president is taking a closer look at the connections between his country’s state banks and larger private-sector operators in an effort to clamp down on capitalist forces. That’s according to a Monday (Oct. 11) report in The Wall Street Journal, which says President Xi Jinping has ordered inspections of financial institutions (FIs) to determine […]

Panic, agony, torture, stress – those are some of the words users around the world had to describe last week's six-hour global outage, from 4 p.m. GMT (11 a.m. ET) until around 10 p.m. GMT on Monday (Oct. 4), during which social media services Facebook, WhatsApp and Instagram were down. In a statement, Facebook apologized […]

Panic, agony, torture, stress – those are some of the words users around the world had to describe last week's six-hour global outage, from 4 p.m. GMT (11 a.m. ET) until around 10 p.m. GMT on Monday (Oct. 4), during which social media services Facebook, WhatsApp and Instagram were down. In a statement, Facebook apologized […]

Today in B2B payments, research shows 15 percent of B2B receivables arrive late, and ClearBank expands its offerings for financial institutions and FinTechs that operate in multiple currencies. Plus, Archa rolls out a smart business credit card and spend management platform, and Esker rolls out B2B payments platform. Archa FinTech to Debut Smart Business Credit […]

Over a week before the Google Pixel 6 mobile device is set to launch, the tech giant appears ready to offer Pixel Pass, a new subscription service, PCMag reported. Similar to Apple’s Apple One subscription, which provides for a new iPhone every year, Pixel Pass is envisioned as a combo of bundled services, as well […]

Consumers want to feel safe when they shop online. They’re willing to trade off at least some of the conveniences of online commerce – namely, speed – if they can be assured that their sensitive data is being kept safe. “The Trust Quotient,” done in tandem with PYMNTS and Sift, surveyed more than 2,500 consumers […]

Indian digital wallet and payments startup MobiKwik now has the blessing of markets regulator Securities and Exchange Board of India (Sebi) for an initial public offering. The company plans to raise up to Rs 1,900 crore ($252,000) through the effort, according to a Business Standard report Friday (Oct. 8).  MobiKwik filed its Draft Red Herring […]

China’s Central Bank has penalized 1,436 banks and payment companies and levied fines totaling 1.13 billion yuan — or $176 million — since 2016, the bank’s deputy governor said at the recent China Payment and Clearing Forum. As the website Pandaily reported on Monday (Oct. 11), Fan Yifei, the People’s Bank of China’s deputy governor, […]

Standard Chartered has teamed up with working capital FinTech Demica on a new online portal to streamline access to the bank’s supplier finance program, according to a company announcement Monday (Oct. 11). The collaboration will start with a fully digitized end-to-end Supplier Enrollment portal, which will alter the way suppliers choose supply chain finance programs […]

Merchant commerce platform Pine Labs is eyeing an initial public offering (IPO) on Nasdaq and is looking to raise as much as $1 billion with primary and secondary stake sales, Mint reported on Monday (Oct. 11), citing unnamed sources. Morgan Stanley was hired by Pine Labs to manage the proposed initial share sale and is […]

Digital payments across Thailand are four times as frequent as they were before the COVID-19 pandemic, as the country’s infection rate is increasing the need for online services, the central bank told Reuters in report on Monday (Oct. 11).  Thailand’s most recent pandemic outbreak started in April and accounts for more than 98% of the […]

Social commerce FinTech startup EarnWealth recently raised Rs 3.5 crore ($500,000) in Pre-Series A funding at a valuation of Rs 50 crore (more than $6.6 million), according to a YourStory report on Monday (Oct. 11). EarnWealth, which was launched in 2014 by Rajesh P. Nair, creates micro-entrepreneurs, or “Mahalakshmi,” in financial services. It offers what […]

Open banking startup Mono raised $15 million led by Tiger Global, with participation from existing investors Entree Capital, Lateral Capital, GPIC, Acuity VC and Ingressive Capital, and new backers Target Global, General Catalyst and SBI Investment. Headquartered in Nigeria and co-founded in 2020 by Abdul Hassan, who serves as CEO, and Prakhar Singh, CTO, Mono […]

Banking-as-a-Service (BaaS) FinTeach company Mbanq has inked a contract with banking technology company Temenos to offer a Credit Union-as-a Service (CUaaS) offering for U.S. credit unions, according to a Monday (Oct. 11) press release. The goal of the joint offering is to spur BaaS use throughout the U.S., according to the announcement.   Powered by […]

Across corporate communications, since the start of the pandemic, restaurants’ c-suite executives have been emphasizing a narrative of collaborations with their franchisees through this difficult period. However, a handful of very public complaints from restaurants’ franchisees have been calling this account into question. Still, it seems that, when it comes to the digital shift, restaurants […]

Adidas’ partnerships are opening new avenues for revenue. Plus, department stores are increasingly reliant on beauty to boost their bottom lines, and all the latest news from Amazon and Walmart. Data: 15: Number of cities where Amazon offers same-day delivery. 91%: Share of consumers who have made at least one Amazon purchase in the past […]

Walmart and Netflix are joining forces to bring products celebrating some of the streaming service’s most popular kids’ shows to store shelves across the country in a partnership they’re calling the Netflix Hub, according to an announcement on Monday (Oct. 11). Walmart shoppers will soon see music, apparel, toys and games in Walmart stores and […]

Cotton prices have hit a 10-year high, adding to the myriad issues facing apparel brands as they try to navigate increased transit times, factory shutdowns and other rising costs across the supply chain ahead of the holiday season, along with preparations for spring merchandise production. Prices remain below the height of over $2 seen in […]

Decades ago, when consumers had only one way to shop — in store — retailers were able to focus all their efforts on optimizing that experience. But as eCommerce has risen and accelerated, brands have had their attentions divided between digital and physical, with online often getting more investment in recent years. Some, such as […]

As eCommerce continues to accelerate and communication becomes increasingly digital, some retail industry experts expect consumers and brands to begin texting and messaging with each other on a regular basis, leading to the rise of “conversational commerce,” or making purchases without leaving a messaging platform. Mike Myer, founder and CEO of communication platform Quiq, told […]

British online retailer ASOS on Monday (Oct. 11) said goodbye to CEO Nick Beighton ahead of what’s expected to be a tumultuous period for the company amid supply chain bottlenecks and a return to pre-pandemic shopping habits that could take a 40% bite out of its profits, according to Reuters. Beighton leaves ASOS after 12 […]

Six months after a funding round that put its valuation at $2.2 billion, India’s CRED is hoping to double that figure. As TechCrunch reported Monday (Oct. 11), the startup, which helps people boost their credit scores by assisting them with on-time bill paying, has begun to reach out to investors in an effort to reach […]

A new Citi study shows that 44% of participants think the settlement timeframe for equities will likely be T+1 in the next five years, according to a press release emailed to PYMNTS. In addition, the study found that the pandemic has caused new challenges, including managing through periods of great volatility, the release stated. That, […]

To paraphrase Mark Twain, the death of the check – the paper kind – has been greatly exaggerated. Stubborn things they are – certainly they’ve found wide berth in B2B payments, even though their overall usage has been declining. The pandemic, though, has not been the nail in the coffin. But there’s evidence that paper […]

The No Surprise Act (NSA) and Transparency in Coverage rule recently issued by the Biden Administration is sending ripples through the healthcare sector, with firms racing to create new digital tools that enable consumer choice while bringing efficiency and clarity to the payments process In a recent conversation with Karen Webster, Amanda Eisel, CEO of […]