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PayPal Holdings and global investment firm KKR renewed their agreement in which KKR’s credit funds and accounts purchase PayPal’s European buy now, pay later (BNPL) receivables.
The new agreement includes a replenishing loan commitment of up to 6 billion euros (about $7 billion) under which KKR will purchase up to 65 billion euros (about $75 billion) of BNPL loan receivables originated...
U.K. FinTech giant Revolut has launched a payments partnership with Booking.com.
With this collaboration, customers of the travel platform can pay using Revolut Pay, the company’s one-click checkout tool, the companies said in a Monday (Nov. 17) news release.
“This partnership is a natural fit given the customer overlap between businesses, with approximately 9 million customers from...
Digital payments firm Ant International has launched a blockchain-centered partnership with banking giant UBS.
The collaboration, announced Monday (Nov. 17), will see the companies explore the use of blockchain-based tokenized deposits to support Ant International’s global payments settlement and liquidity management.
The arrangement involves Ant using UBS Digital Cash, a blockchain-...
The lowest-level, highest-risk tokens are reportedly faring the worst in the recent crypto sell-off.
That’s according to a report Monday (Nov. 17) from Bloomberg News, citing the data from the MarketVector Digital Assets 100 Small-Cap Index. That index, which monitors the 50 smallest digital assets in a group of 100, dropped to its lowest level since 2020 on Sunday (Nov. 16).
As...
Amazon founder Jeff Bezos has reportedly launched an AI startup where he’ll serve as co-CEO.
The company, dubbed “Project Prometheus,” is launching with $6.2 billion in financing, some of it from Bezos himself, the New York Times (NYT) reported Monday (Nov. 17), citing three sources familiar with the project.
The report notes this is the first time Bezos has taken an official...
Watch more: Monday Conversation: Cox Automotive’s Jessica Stafford
Buying a car has always been a big decision wrapped in an outdated process. It’s one of the largest purchases consumers make, yet the experience still feels stuck in another era. Part research project, part paperwork marathon, and part negotiation ritual.
Today’s consumers start nearly everything online, and car buying...
The persistence of legacy accounting practices continues to make accounts payable (AP) a significant challenge for many companies. Manual processes cost time and money while delaying payments and increasing errors. However, artificial intelligence (AI) is promoting AP from the back office to the front lines of financial strategy. In 2025, organizations are using AI-driven AP innovations to...
Watch more: What’s Next In Payments: Trulioo’s Vicky Bindra
The connected economy is redrawing the map of how CEOs think about their companies’ long-term futures. It’s magnifying their near-term obligations to customers, shareholders and regulators. And it’s also reshaping how they battle fraud, verify transactions and protect data. As Trulioo CEO Vicky Bindra told PYMNTS in the “What’...
Sometimes you don’t need a ride to travel. That’s a good lesson to remember as Thanksgiving and the holidays scatter American consumers to highways and airports for their annual visits. Because in the travel category for PYMNTS app provider rankings, Couchsurfing has taken the lead.
The PYMNTS.com Travel Apps page offers a monthly ranking of smartphone Travel Apps, assessing them...
Insurance once sold peace of mind. Today, peace of mind arrives in milliseconds—or not at all. When policyholders file a claim, they are not benchmarking insurers against other carriers. They are benchmarking them against the rest of their digital lives, where money moves instantly and options are table stakes. If the payout lags, the brand suffers.
This urgency is growing as...