article thumbnail

NPCI’s New Third-Party Payments Growth Cap Will Impact Google, Walmart

PYMNTS

NCPI, which operates the country’s popular UPI (Unified Payments Interface) system, said on Thursday (Nov. 5) that it will be capping the amount of UPI transactions any single payments app can handle in a month to 30 percent of the total. Not surprisingly, executives at the American tech giants aren’t exactly thrilled with the cap.

Caps 69
article thumbnail

Chinese Big Tech Value Plummets $280B Amid Regulatory Issues

PYMNTS

Big technology firms in China are suffering as regulatory issues continue, triggering falling share prices, according to a CNBC report on Wednesday (Nov. The State Administration for Market Regulation — China’s regulator — said on Tuesday (Nov. Last Monday (Nov. Hong Kong shares of Alibaba dropped 9.8 percent. “The

NOV 83
article thumbnail

China’s Ant IPO Suspension Likely Came From Top

PYMNTS

Explaining the move to puzzled investors on Wednesday (Nov. Officials in Beijing were concerned about explosive investor interest in the planned $37 billion IPO by the world’s largest FinTech and how it might impact the public markets, according to the news outlet.

Caps 96
article thumbnail

Whirlpool Corporation Rolls Out Swash Laundry Detergent On Amazon

PYMNTS

The rollout of the product represents the firm’s entry into the liquid laundry detergent space, according to a Wednesday (Nov. Swash dispenses the detergent for consumers with its “Precision Pour Cap.” 11) announcement. As a result, consumers only pour the amount of product they require.

Caps 86
article thumbnail

Salesforce Expected To Announce Slack Acquisition Deal Tuesday

PYMNTS

Slack’s current market cap is around $24 billion, the report said. Shares of Slack were up 4 percent in midday trading Monday (Nov. Sources told CNBC they expect the deal to be half cash, half stock, and that it will price Slack at a premium. 30), whiles shares of Salesforce were down 4 percent.

Caps 80
article thumbnail

Bitcoin Daily: Bitcoin Exceeds $17K Price Level; Former Bank Of Japan Exec: It Will Take Years To Make Digital Yen; Crypto Firm Amon To Release Debit Card With Union Pay

PYMNTS

The digital currency reached a high of approximately $17,860 on Tuesday (Nov. on Tuesday (Nov. One approach to steering clear of large outflows would entail placing a cap on how much central bank digital currency (CBDC) one entity can have, according to Hiromi Yamaoka, per the report. Miller Tabak + Co. as of 7:16 p.m.

article thumbnail

Grocers Set Purchase Limits, Walmart Restricts In-Store Customers As COVID Cases Rise

PYMNTS

Giant Food also recently put similar caps in place. Walmart announced via Twitter in October that on Saturday (Nov. "Out of an abundance of caution, we have resumed counting the number of people entering and leaving our stores.". Wegmans imposed limits on purchases of paper towels and some cleaning supplies.