News Round-ups

Visa acquires Currencycloud

Mastercard provides flexible access to the UK’s real-time payments infrastructure

BLIK offers contactless payments without credit or debit cards

PayPal lifts its crypto purchase limits in the US

Mastercard is working to create a card to convert crypto assets into fiat currencies at POS

Square launches Square Banking in the US

Revolut expands into the travel agency ground with Stays

European Commission extends AML rules to the entire crypto sector

Klarna acquires loyalty app Stocard

Apple to launch BNPL offer

Discover is investing on a BNPL service

UK BNPL users are getting more trapped in debt

30% of French consumers pay in instalments when shopping online

Facebook Pay expands to third-party platforms

Despite of Brexit disruption, UK consumers are still more likely to buy from Continental Europe

Lunar plans expansion across the Nordics

Remittance flows surpassed Foreign Direct Investments and overseas development assistance

Emirates pushes A2A payments to lower acceptance costs

Square is launching in France

Splitit expands BNPL offer to in-store

HSBC UK fights off BNPL with credit card instalments

N26 launches their version of BNPL in Germany

Emma launches Open Banking P2P feature

SWIFT payment pre-validation service

Booking.com creates new internal FinTech business unit

MobilePay, Vipps and Pivo mobile wallets are merging

Worldline acquires 80% of Axepta Italy, the merchant acquiring entity of BNL

Rapyd acquires Valitor

Research reveals online shopper behaviour is influenced by the availability of payment options

App spend has hit an all-time record of $34 billion

Klarna to offer merchants access to revenue-based financing options

New QR-code payment and invoicing app, tomato pay, launches in the UK

New European VAT rules for B2C transactions apply from 1^st July

European Commission proposes revisions to its Consumer Credit Directive

European Commission publishes proposal for regulation on the European Digital Identity framework

Visa acquires Tink

Fiserv and Deutsche Bank form JV for payment acceptance in Germany

Worldline launches full service omnichannel offering for the hotel industry

TietoEVRY, MYPINPAD and Surfboard Payments are developing a softPOS solution for the Nordic market

VTB launches ‘pay with a glance’

Wix enters the point-of-sale business

Swift secures support from six global banks for its new transaction management platform

Monneo launches a debit card that merchants can link to several IBANs

World Bank refuses to assist El Salvador with the integration of Bitcoin

BBVA launches a Bitcoin trading service for private banking clients in Switzerland

Facebook announces QR code P2P feature in the US

Stripe is soft launching its POS solution

Laybuy launches digital BNPL card in the UK, Tap to Pay

Gibraltar concedes a banking licence to a bitcoin bank

Amex launched business current accounts for US small businesses

nexo standards expand from card-based transactions to support new payments methods

Contactless payments account for more than a quarter of all payments in the UK

Visa and Mastercard face new class action from small business owners in the US