Author: Sarim Pixako

The pandemic created a digital-first customer in a matter of 12 weeks amid a massive shift to digital in categories such as grocery and food delivery. PYMNTS identified four digital consumer personas that provide new insight into whose digital habits might be enduring, where and why. And the pandemic has changed how consumers shop and pay for everyday purchases, … Continue reading The Pandemic’s Impact On The Digital Shift And Payments Continue Reading →

Billionaire Facebook co-founder Eduardo Saverin’s budding venture capital firm has raised a new $820 million fund for investments in startups, a move that comes at a time when many entrepreneurs are struggling amid a sharp decline in financing deals. B Capital Group, launched five years ago by Saverin and former Bain Capital executive Raj Ganguly, … Continue reading Facebook Co-Founder On Hunt For Startups With $820M Fund Continue Reading →

The Singapore government’s Temasek Holdings Ltd. is in talks to invest up to $100 million in Zomato, the Indian food delivery service firm, the India Times reported. Founded in 2009, Zomato describes itself as a provider of restaurant reviews and food delivery for more than 1.5 million restaurants in two dozen countries. Based in Gurgaon, India, it services more … Continue reading Singapore Government To Invest $100M In Zomato Continue Reading →

Humana said it is planning “an innovative new collaboration” that will make it “the first healthcare company to offer its members drive-through [COVID-19] testing at hundreds of Walmart Neighborhood Market drive-through pharmacy locations across the country.” Walmart’s Neighborhood Markets are its smaller stores. The partnership also includes Quest Diagnostics. In a press release on Tuesday (June 30), the health insurer … Continue reading Humana, Walmart Link Up For COVID-19 Testing Continue Reading →

As omnichannel retail becomes pivotal for success in the long haul, merchants in cities big and small are harnessing eCommerce. Square has seen merchants transition to the web in weeks — or even days in some instances, the company said in its Rise of eCommerce report. In the report, Square said Albuquerque, New Mexico saw the largest rise in … Continue reading Square: Albuquerque Sees Biggest Increase In New Sellers Move Online Due To The Pandemic Continue Reading →

Qualified customers who make purchases in France via PayPal can now pay in four equal installments over three months, San Jose, California-based PayPal Holdings said in a news release on Tuesday (June 30). Merchants will be paid in full immediately, PayPal said. Purchases must fall between 100 euros and 2,000 euros, or between about $112 and $2,240. The program, … Continue reading PayPal Expands ‘Buy Now, Pay Later’ Option To France Continue Reading →

Citi has become the latest financial giant to step forward to boost a rising nonprofit dedicated to minority and women-owned small businesses hit hard by the coronavirus crisis and the economic downturn. Starting Wednesday (July 1), Citi and Mastercard together will donate a few cents on all credit card transactions involving small businesses to Start Small Think Big, … Continue reading Citi Launches Small Biz Campaign To Support Struggling Entrepreneurs Continue Reading →

The stunning demise of Germany’s Wirecard AG could lead to a revamp of some of the rules governing the international payments sector, which has seen rapid growth in recent years, though a key player says it is still too early to say. Agustin Carstens, general manager of the Bank for International Settlements (BIS), said Tuesday … Continue reading Wirecard AG Debacle Could Trigger Changes, BIS Chief Says Continue Reading →

The Wirecard AG accounting scandal has extended its reach to Austria. A criminal complaint has been filed in a Vienna court against Wirecard’s former CEO Markus Braun and its fired CEO Jan Marsalek, accusing them of market manipulation and fraud, Reuters reported. The Vienna prosecutors’ office confirmed that it received the claim from attorney Joerg Zarbl, the news service reported. … Continue reading Former Wirecard Execs Face Criminal Charges In Austria Continue Reading →

In today’s top news, Wirecard’s separate North America company is up for sale, and Uber is eyeing a Postmates acquisition. Plus, Stripe launched a customer billing portal and expanded payment options. Wirecard North America Business Entity Up For Sale Wirecard North America Inc., a separate company that is “substantially autonomous” from Wirecard AG, the German … Continue reading Today In Payments: Wirecard North America Business Entity Up For Sale; Uber Eyes Postmates Buy Continue Reading →