article thumbnail

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. Javier has driven deep partnerships with local, regional and global customers, opened up new markets, and navigated and maximized new regulation and legislation,” said Caldart. “He

article thumbnail

On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable. Since 2010, we have been committed to bringing fresh, local, and delicious meals into your homes along with all our customers across the country,” the company wrote in the e-mail announcement, according to reports.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Amazon Gains Ground In Holdout Markets

PYMNTS

Not every product launches smoothly (RIP Fire Phone ), not every new endeavor delivers (Amazon’s flirtations with offering a travel platform ended abruptly) and not every new market immediately yields. Amazon still has mountains to climb, even as the market is softening toward them. Amazon is the biggest winner.”.

Marketing 237
article thumbnail

In Europe, Single Data Market Looms?

PYMNTS

The European Union is examining the creation of a single data market that would reportedly challenge tech firms such as Google and Facebook, as Reuters reported. The creation of a “single European data space, a genuine single market for data” would include new rules governing cross-border use and data interoperability, among other tenets.

Data 130
article thumbnail

German FinTech N26 Eyes IPO With Hiring Of New CFO

PYMNTS

In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Dropbox leader Adrienne Gormley will become the chief operating officer. The company operates in 25 countries and employs more than 1,500 people. s break from the European Union, N26 ended operations there. .

Fintech 254
article thumbnail

Data Shows 42 Pct Of Small Cap US Businesses Failing To Turn Profit

PYMNTS

The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss. The number is the highest since 2010’s 44 percent, the index says. The number of small U.S. companies not turning a profit has reached an unfortunate historic high due to the coronavirus pandemic, the Financial Times reports.

US 175
article thumbnail

Marqeta Teams With Goldman Sachs To Power Marcus Checking

PYMNTS

Silicon Valley’s Marqeta is a card-issuing platform that offers infrastructure and tools for building and operating payment solutions. Uber plans to use Marqeta’s technology in several product sectors and global markets. Marqeta also teamed with Uber in November to power its global cards and payments infrastructure.

Cards 207