News Round-ups

Adyen launches Tap-To-Pay for iPhones

Zip terminates $491mn Sezzle merger

Deutsche Bank develops white-label BNPL

Stripe reduces valuation by 28%

Monzo narrows losses to £119mn

STEP2 allows real-time settlement of SEPA

Plaid opens network to crypto exchanges

Consumers demand contactless payments for transit

Revolut launches mPOS terminal

Nexi and Alpha Bank create Nexi Payments Greece

PayPoint offers next day settlement

Subscriptions account for 36% of revenue

35% of French shoppers abandon online carts due to complex purchase journey

CMA opens investigation into Amazon’s marketplace practices

European eCommerce grew by 13 % in 2021

Huge rise in authorised push payment fraud in the UK

UK Open Banking May Highlights

Nexi to power Ireland’s first instant mobile payment service

PSR sets out plans to help UK retailers get better acquiring deals

The issue with BNPL returns

Apple announces BNPL solution

Square offers Tap to Pay on iPhone

UK card spending up 9.3%

Zopa enter BNPL market

Stripe integrates Affirm

PayPal expands Pay Later options with PayPal Pay Monthly

PayPal announced to let users transfer cryptocurrencies to other wallets and exchanges

Stripe launches delegated authentication feature for SCA

UK reaches 6m open banking users

Stripe opens an app marketplace

Klarna lays off 10% of staff

Mercado Pago offers payments initiation

UK SMEs selling more online

Western Union launches digital banking offer

Chase reaches half a million customers in the UK

Ingenico to support Alipay+

Central Bank of Ireland adopts new consumer protection legislation for BNPL

Square integrates Afterpay

Splitit launches an Instalments-as-a-Service platform

APEXX partners with Global Payments to offer multiple BNPL providers through a single integration

Inditex will charge returns in 30 countries

Uber is launching a new subscription service in the UK and Germany

Volt launches product to encourage shoppers to switch to an open banking payment after choosing to pay with a debit card

FCA to ensure that cash withdrawal and deposit facilities are available in communities across the UK

European Commission seeks market feedback on amendments to the PSD2