article thumbnail

Bain Capital Technology’s Bet On hey And Japan’s Digital Payments Shift

PYMNTS

The country was home to one of the world’s first mobile commerce innovations with the DotCoMo mobile wallet all the way back in 2004. And yet Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities told Karen Webster.

Capital 214
article thumbnail

Top News In Payments: Mastercard CEO Pushes Back Against National Payments System; FCA Tells Credit Cards To Ease Up On Non-Payers

PYMNTS

The People’s Bank of China is ready to inject $173 billion into the country to stabilize the economic damage brought on by the coronavirus, the largest single liquidity injection since 2004. Venture capital and private equity money that flowed into U.K.-based Why Consumers Are Firing Traditional Retailers.

National 141
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Virgin Galactic To Become First Listed Human Spaceflight Company

PYMNTS

Special-purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. The spaceflight company sees the arrangement as providing it with sufficient capital for funding until the time its spaceships have the ability to operate commercial and churn a profit.

Company 128
article thumbnail

India’s Struggling Yes Bank Sees Share Boost From $1.2B Offer

PYMNTS

Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The bank has had a tumultuous 2019, facing increased attention from regulators as well as scrutiny from investors, who are concerned about bad loans , lack of lender regulation and availability of capital.

article thumbnail

PBOC Pumps $173B Into Chinese Economy To Combat Virus Impact

PYMNTS

In Beijing, many stores across multiple retail markets are closed. The People’s Bank of China is poised to inject more money — $173 billion, the largest single liquidity injection since 2004 — into the country to stabilize the economic damage. No one yet knows how bad it will be. 3) from the extended Lunar New Year holiday.

article thumbnail

Banks and CDFIs: Partnering for community impact

Abrigo

Community Development Financial Institution (CDFI) loan funds help to promote healthy communities by providing early-stage credit, capital, and financial services to small businesses, affordable housing and community facilities developers, community organizations, and other types of borrowers. communities where capital tends to be scarce.

Community 246
article thumbnail

Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

Retail 78