Author: Sarim Pixako

With advertising boycotts aplenty, Facebook CEO Mark Zuckerberg is now out $7 billion, Bloomberg reports. The social media giant has faced backlash and losses in partnerships from companies like Unilever, Verizon and Hershey, which have decided to sever ties due to what they say is a failure on Facebook’s part to sufficiently police hate speech and inaccurate news on its platform. Coca Cola has also said … Continue reading Loss Of Advertisers Knocks Facebook’s Market Value Down $56B Continue Reading →

The COVID-19 pandemic is one of the most monumental crises the banking industry has faced, and the sector must stare down the dual challenges of creating safety measures at branch locations while addressing the ongoing economic downturn that has stretched their capacity for processing and deferring loans. Bank branches are either closing outright or slashing their business … Continue reading Wells Fargo On Why First Impressions Are Key In Digital Banking Continue Reading →

eCommerce has grown about as much in the past few months as it has in the past 10 years. Iain McNicoll, VP of Americas/SMB for payments platform Payoneer, recently told PYMNTS that eCommerce’s market share has risen to 27 percent from just 16 percent when the pandemic began. By contrast, it took a decade for it to … Continue reading Merchants And The Big Retail Reset Continue Reading →

Amazon will reportedly pay more than $1.2 billion to acquire Zoox, the Foster City, California self-driving technology company, the Financial Times (FT) reported.  While the purchase could fuel Amazon’s delivery fleet, a source familiar with the deal told the newspaper it could signal the eCommerce giant’s entry into ride-hailing. The source said Amazon would collaborate with Zoox to create … Continue reading Amazon Adds Driverless Car Maker Zoox To Its Portfolio For $1.2B Continue Reading →

Albertson’s, the second-largest grocery chain in the United States, has priced its initial public offering (IPO) at a downsized $800 million, after numerous attempts of owner Cerberus Capital Management to cash out, Reuters said. Cerberus had discussions with numerous shareholders which led to the downsizing, and Cerberus reportedly threatened to walk out at the last minute as it … Continue reading Albertsons Proceeds With Pared-Down $800M IPO Continue Reading →

MoneyGram will partner with Digital Financial Services in order to help facilitate cross-border transfers involving digital wallets in the United Arab Emirates, according to a press release. Digital Financial Services is a partnership between Etisalat and Noor Bank, which was acquired earlier this year by the Dubai Islamic Bank. The new partnership will allow customers of eWallet to make transfers across … Continue reading MoneyGram Teams With Digital Financial Services For Cross-Border Money Transfers Continue Reading →

B2B payments hub Qolo has introduced a new all-in-one payment solution, aiming to address issues with speed, security and costs for B2B payments, a press release says. The company, formed in 2018, calls itself the “Payment Hub of the New Economy,” and wants to provide “comprehensive functionality, improved economics and quicker time to market” during the increasingly complex … Continue reading Qolo Rolls Out Comprehensive B2B Payment Platform Continue Reading →

Ivalua, which works in spend management, has rolled out a new suite of solutions for businesses to organize and handle payments, a press release says. The suite will help businesses with B2B payments by ensuring compliance on all levels of a transaction with various regulatory and policy rules, manage third party risk with 360 degree visibility, speed … Continue reading Ivalua Promises Speed, Efficiency With New Spend Management Suite Continue Reading →

Ivalua, which works in spend management, has rolled out a new suite of solutions for businesses to organize and handle payments, a press release says. The suite will help businesses with B2B payments by ensuring compliance on all levels of a transaction with various regulatory and policy rules, manage third party risk with 360 degree visibility, speed … Continue reading Ivalua Promises Speed, Efficiency With New Spend Management Suite Continue Reading →

Singapore-based early stage tech investment firm East Ventures has targeted a new fund intending on benefiting businesses hurting from the coronavirus pandemic, Bloomberg reported. The seed fund is for $88 million, and East Ventures has raised $57 million at first close from Adams Street and Pavilion Capital, a unit of Temasek Holdings Pte, among other investors, according to East Ventures Managing Partner Willson Cuaca. … Continue reading SE Asia’s East Ventures Looks To Back Startups With $88M Fund Continue Reading →