Food Delivery Startup Zomato Notches $562.3M

In today’s top connected economy news, Indian food delivery startup Zomato has notched $562.3 million from investors, while Apple is said to be working on an “Apple Pay Later” monthly installment service. Plus, Blackhawk Network is rolling out the Enterprise Edition of its Digital Gifting platform to help retailers prepare for the holiday shopping season.

India\’s Food-Delivery Startup Zomato Nets $562.3M Ahead Of IPO

Indian food delivery startup Zomato has landed $562.3 million from backers. The firm is heading for an initial public offering (IPO) this week, and it has already secured approximately 45 percent of the $1.3 billion it is intending to raise through the public offering, according to a published report. To that end, the public share sale for Zomato will start on Wednesday (July 14) and wrap up on Friday (July 16).

Apple Working On \’Apple Pay Later\’ Monthly Installment Offering

Apple is reportedly at work on an offering for Apple Pay users that will let them purchase merchandise and then pay for those items in monthly installments. The so-called “Apple Pay Later” service would be reportedly integrated with Apple Pay once it rolls out. Goldman Sachs, which is the financial institution (FI) behind Apple Card, would serve as the tech company’s partner for the Apple Pay Later program.

Blackhawk Network Brings Enterprise Edition Of eGifting Offering To Retailers

Blackhawk Network, the global branded payment provider, is launching the Enterprise Edition of its Digital Gifting platform to help merchants prepare for the busy holiday shopping season. That offering allows retailers to get an eGifting experience in operation in as soon as two weeks. “The eCommerce growth experienced over the last year has made it more important than ever to have an optimized eCommerce gift card program this holiday season,” Blackhawk Network Group Vice President of U.S. Digital Commerce and Loyalty Jennifer Philo said in a release.

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NEW PYMNTS DATA: DIGITAL BANKING STUDY – THE BREWING BATTLE FOR WHERE WE WILL BANK

About: Forty-seven percent of U.S. consumers are shying away from digital-only banks due to data security worries, despite significant interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can shore up privacy and security while offering convenient services to satisfy this unmet demand.

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