News Round-ups

An additional US$900 billion was spent in online retail around the world in 2020

Visa has hit one billion additional contactless transactions less than a year since contactless limits increased across Europe

Mastercard launches Request to Pay application solution

KBC and equensWorldline launch the first co-badged wearable in Europe

Square starts operations in Ireland

Online deliveries from the EU to the UK have fallen by more than 50% since January

German Federal Court of Justice allows German merchants to charge an extra fee for online payments

Fintechs launch initiative to tackle IBAN discrimination in Europe

Payconiq becomes iDEAL’s technology provider in the Netherlands

Afterpay launches Afterpay Card in Australia

PSR issues a Statement of Objections that alleges that five companies engaged in anti-competitive behaviour

The OBIE introduces Variable Recurring Payments

BIS paper on mCBDC arrangements and cross-border

BIS brief on regulating big techs in finance

EC roadmap for instant payments in EU

‘Pay at gate’ change to airline payment model?

Giropay merger to build uniform payment brand

LINK on Cash and Covid-19

Stripe €80 billion valuation

Sum Up also raising more funds

Yandex launches Pay wallet

Afterpay using Clearpay brand for EU expansion

EBA publishes Consumer Trends Report

European Parliament seeks changes to online platform regulation

Pay.UK Report on future retail payment trends

Mastercard expands Engage platform

PayPal to acquire Curv

Stripe supports merchant revenue improvement

Klarna Report sets out BNPL positives

Australia sees BNPL industry Code

Mastercard identifies UK social shopping growth

EBA Opinion on risks of AML/TF

ESMA overview on Wirecard; Writes to EC

FCA increases  contactless limit

CMA Consultation on Open Banking governance

UK Finance proposals on Open Banking’s future

Visa’s ‘Where You Shop Matters’ initiative

Mastercard completes Nets Group deal

Klarna raises $1 billion; launches UK Influencer Council

Amazon introduces “just walk out” technology in UK

Revolut expands European banking footprint