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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City.

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The community banks standing by hospitality customers

Independent Banker

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. The bank also helped hotel operators obtain Paycheck Protection Program (PPP) loans. Photo: R.J. billion-asset, family-owned community bank.

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Rescuing The Restaurant Business From App Decline

PYMNTS

Currently exiting beta in New York City, Fahmy’s new company, DineVite, claims to put the discounts back where they belong — with the restaurant owners. The operative word is control. “I [Few] would argue that these services make life easy for the consumer.

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What Serving The Internet’s ‘Underserved’ Means For Payments

PYMNTS

That matters because as time goes by and existing cities become prohibitively expensive — think San Francisco, New York City and Los Angeles, with Chicago, Boston and other areas not far behind — many younger, well-educated consumers are making moves to exurban or even rural areas, or smaller cities.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Vegan fast casual: By Chloe (NYC, Boston, LA, Providence, London). The restaurant has 12 current locations, in New York, LA, Providence, Boston, and most recently London, and another 20 are planned. Successful chefs opening smaller, more casual venues is not new. table of contents. Photo credit: Gothamist.

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The Future Of Housing: From Home Building To City Planning, Tech Giants & Startups Are Reimagining Where & How We Live

CB Insights

In 1964, American writer Isaac Asimov famously attended the World’s Fair in New York and wrote about what the world would look like 50 years in the future. . Now, startups and tech giants are getting in the mix, trying to fix the ways the real estate industry designs, builds, and operates. Construction industry trends.

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Travel, Retail Takes A Hit From The Coronavirus 

PYMNTS

Three quarters — or 75 percent — of companies in a poll noted they sidelined trips to Hong Kong, Taiwan, China and other places in the Asia-Pacific region. And Princess Cruises stopped operating its cruise ships for two months after two boats transported passengers who had the virus.

Retail 151