Grab is talking to Ant Financial and PayPal about spinning out its financial services business

Grab is talking to Ant Financial and PayPal about spinning out its financial services business

Grab, the $16 billion-valued ride-hailing firm that acquired Uber’s Southeast Asia business last year, is in talks with Alibaba’s Ant Financial and PayPal as it considers spinning out of its financial services unit to double down on its non-transportation business, TechCrunch has learned. The seven-year-old company’s coming-of-age moment was a deal to buy Uber’s regional […]…

Investment platform Ellevest raises $33M Melinda Gates’ Pivotal Ventures, Valerie Jarrett & PayPal

Investment platform Ellevest raises $33M Melinda Gates’ Pivotal Ventures, Valerie Jarrett & PayPal

Ellevest, a digital investment platform specifically focused on helping women meet their financial goals, has raised an additional $33 million in a new round led by Rethink Impact and PSP Growth. The funding includes a handful of notable, new investors including Melinda Gates’s investment fund Pivotal Ventures; PayPal; Wynn Resorts co-founder Elaine Wynn; former Google […]…

PayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouse

PayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouse

It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerhouse based out of Argentina and serving 18 countries across the region, has announced that PayPal is investing $750 million, and VC Dragoneer another $100 million, as part of […]…

Tradeshift says it’s seen a ‘huge drop’ in UK transactions amid Brexit uncertainty

Tradeshift says it’s seen a ‘huge drop’ in UK transactions amid Brexit uncertainty

The UK is experiencing a significant and drastic fall in the volume of business-to-business transactions, according to the CEO of one of the world’s largest B2B payments and supply chain logistics platforms. In an exclusive interview with TechCrunch at the World Economic Forum in Davos Switzerland, Tradeshift CEO and co-founder Christian Lanng said: “We see […]…

Apple Pay coming to Target, Taco Bell, and other major US retailers

Apple Pay coming to Target, Taco Bell, and other major US retailers

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See ya later, credit cards.

Apple announced Tuesday that its contactless payment system, Apple Pay, would soon be available to 74 of the “top 100 merchants” in coming weeks. 

The latest merchants that will allow customers to tap to pay will include Target, Taco Bell, Jack in the Box, and others. Truly the best America has to offer.

Apple launched its payment platform in 2014, which allows iPhone users to make payments at brick and mortar stores by scanning their phones — no plastic credit cards required. It slowly but surely has added more popular merchants in its four years of existence. Read more…

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