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Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard’s European businesses cater to more than 950 million people via business partnerships with retailers, financial institutions (FIs) and other companies.

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Metro Cash And Carry Launches App To Help India Shops Digitize

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The Indian arm of German retailer Metro Cash and Carry has announced the launch of an app for kirana stores, allowing retailers to order stock, keep a check on inventory, and facilitate payments directly from their smartphones.

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MGM Resorts Appoints Acting Chief Executive Officer

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Amid the public health crisis in the country and the travel vertical, MGM Resorts International said in an announcement that Chief Operating Officer and President Bill Hornbuckle has been appointed to the position of acting chief executive officer and president. He is a Providence Equity Partners senior managing director emeritus.

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Yotpo Joins UPS eCommerce Tech Program For SMBs

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“This exciting relationship with Yotpo offers the marketing and shipping tools that SMB customers need to quickly, cost-effectively and smartly propel their operations forward,” said Michele Peters, senior manager of UPS Global eCommerce marketing, in a statement.

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Jack In The Box Gives Up Qdoba For $305M

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Jack In the Box acquired Qdoba restaurants in 2003, when it was an 85-location chain with around $65 million in annual sales. Apollo Global Management is the buyer behind the deal, which is expected to close sometime in April. “We We are firmly committed to Qdoba’s continued growth as a leading fast casual restaurant operator.”.

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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

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MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. It now operates in 18 countries in Latin America. It launched as the eCommerce industry took off in 2003, and has seen a surge in usage with the pandemic.

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Walmart May Be Looking To Sell Off Its Japanese Business

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Walmart has been operating in Japan for the last 16 years — a time described as “tumultuous” by the Financial Times ( FT ). When you look at the list of failures by foreign retailers in Japan, it is quite tough to imagine bringing in someone to manage a great turnaround story for Seiyu.

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