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Uber Technologies reportedly expects to increase its grocery and retail deliveries, with the annual run rate of that segment of its business reaching $12.5 billion in gross bookings by the end of the year.
The company made this projection as it has seen these non-restaurant deliveries grow faster than expected, Bloomberg reported Friday (Sept. 26), citing an Uber spokesperson.
Uber...
Light raised $30 million in a Series A funding round to accelerate the global expansion of its artificial-intelligence-native finance platform that is designed to replace legacy tools and meet the needs of hypergrowth companies.
The Denmark-headquartered company will use the new capital to open a new office in New York, triple its engineering team, launch a process-optimization...
Cryptocurrency platform Kraken reportedly raised $500 million in a funding round that closed this month and valued the company at $15 billion.
The funding round was part of Kraken’s final preparations for an initial public offering, Fortune reported Thursday (Sept. 25), citing unnamed sources.
Reached by PYMNTS, Kraken declined to comment on the report.
It was reported in March that...
As Agentic AI transitions from hype to practical use, companies and institutions are compelled to assess both its economic potential and its associated risks. What began as small trials is now transforming how businesses modernize, how software is developed and how rules are established. However, adoption is hindered by concerns over verification, trust and the costs of reworking legacy systems...
Trade association UK Finance and several financial institutions have launched a pilot project that they said will include the first U.K. live transactions of tokenized sterling deposits (GBTD).
The pilot will cover three use cases for GBTD: person-to-person payments via online marketplaces, remortgaging processes and digital asset settlements, UK Finance said in a Friday (Sept. 26) press release...
Mastercard and Smile ID plan to accelerate the rollout of secure digital identity solutions across Africa to enable enterprises to onboard new customers faster.
The companies have extended their commercial partnership and will offer solutions that combine Mastercard’s global insights and Identity technology with Smile ID’s data verification and fraud detection capabilities, according...
Generative artificial intelligence tools have reportedly lowered the cost and increased the frequency of bot network attacks targeting corporations on social media.
While the deployments of bot networks on social media were previously made primarily by fraudsters and state-based actors, they have become more common over the past year or two due to the capabilities of gen AI, The Wall...
Consumers in the United States continue to spend, but their incomes are not keeping pace.
The widening gap indicates household savings may risk being depleted, and reliance on credit is intensifying.
The Bureau of Economic Analysis released data Friday (Sept. 26) showing that personal consumption expenditures (PCE) rose 0.6% in August, the strongest monthly gain since March and an...
Cash is moving faster. Risk is rising. The margin for error is shrinking.
This is the world in which middle-market chief financial officers and treasurers now operate. It is also the backdrop for the third annual Growth Corporates Working Capital Index 2025-2026, a Visa report produced by PYMNTS Intelligence. With insights from 1,457 CFOs and treasurers across 23 countries, 10...
Meta plans to offer people in the United Kingdom the option to pay to gain an ad-free experience on its social media platforms Facebook and Instagram.
The company will roll out the offering in the coming weeks, offering subscriptions for 2.99 pounds (about $4) per month on the web and 3.99 pounds on iOS and Android, it said in a Friday (Sept. 26) press release. Meta said the higher...