European Payments Acceptance | Weekly News 01 November
European Payments Acceptance | Weekly News 01 November
- Klarna expands its collaboration with Worldpay to allow new merchants to provide its services to their customers. Klarna will become a network of choice provided as a default payment method for Worldpay’s merchants worldwide.
- Adyen supports Tap-to-Pay on iPhone in more European markets including Sweden, Austria, Czech Republic, Ireland, and Romania.
- Elavon and LS Retail launch new omnichannel payments solution
- Stripe acquires Bridge for USD 1.1 billion. Bridge is a fintech startup specialising in facilitating payments through stablecoins.
- Fiserv eyes CCV. First Data and CCV Group submitted a request to the Netherlands Authority for Consumers and Markets (ACM) for approval for the takeover of CCV by First Data.
CORPORATE ACTIVITY
- Klarna investor increases valuation giving it an implied price tag of $14.6 billion ahead of a widely anticipated 2025 IPO.
- Zip secures USD 190 million in Series D funding
- Visa plans to lay off around 1,400 employees and contractors as part of plan to streamline international business.
DIGITAL, RETAIL & ‘Neo’ BANKING
- Lloyds’ mobile banking app integrated with Link Pay feature, customers can now request money from friends and family leveraging the new Link pay capability in the mobile banking app.
EMBEDDED FINANCE
- Embedded Finance provider Pipe partners with GoCardless to make a strategic push into the UK. Pipe’s Embedded Finance solution is set to be made available through the GoCardless platform in order to boost capital access for small businesses in the region of the UK.
- According to Adyen, SaaS platforms that started embedded finance early on now make more than 50% of their revenue from embedded payments rather than from software and are rapidly scaling other embedded financial products.
ISSUING
- Klarna launches its Gift Card Store in the UK. Klarna has partnered with Blackhawk Network (BHN), a global branded payments provider, in order to launch the Klarna Girft Card Store for customers and clients in the region of the UK.
LITIGATION
- FCA fines Wise CEO Käärmann £350,000 for breach of senior manager conduct relating to his failure to immediately report a default on his tax bill.
