In today’s top news, Albertsons is laying off some of its unionized drivers as it teams with DoorDash, and FinTech Divvy raised $165 million. Plus, in a new SEC filing, Affirm revealed that it is looking to raised as much as $934.8 million, to value the company at over $9 billion.
Albertsons, the second-largest supermarket chain, is reportedly laying off some of its unionized drivers and instead teaming with DoorDash for deliveries, a move it says will help it compete as a home delivery provider. The partnership will initially affect delivery service drivers at Safeway and Vons locations.
Divvy, which offers a platform for tracking business expenses, has raised $165 million in a funding round that includes PayPal Ventures as a new investor, valuing the company at $1.6 billion.
Affirm Holdings, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a much-anticipated initial public offering (IPO) that could raise as much as $934.8 million, and could result in a total valuation of over $9 billion.
President Donald Trump has banned transactions with eight Chinese software applications, including Ant Group’s Alipay, which will escalate tensions with Beijing as he prepares to leave office later this month.
There are 37 million Mexican citizens with bank accounts and 84 million with mobile phones. “Bringing them together,” Miguel Diaz, general director of payment systems and market Infrastructures at Banco de Mexico told Karen Webster, is the goal of digital wallet tech with the hope banks will give consumers and merchants a more secure and inclusive way to interact.
Just as it when it was founded in 1884, NCR still embraces a “simple made possible” mantra that aims to make life easier for businesses and the customers they serve. Doug Brown, senior vice president and general manager of Digital Banking at NCR, told PYMNTS’ Karen Webster that it applies to the three verticals the company serves: banking, restaurants and retail.
Samsung recently announced it will not extend its points program into the new year, starting a wider discussion about mobile wallets and their growing place in the consumer payments universe.