European Payments Acceptance | Weekly News 15 November
European Payments Acceptance | Weekly News 15 November
- Mastercard aims to kill passwords and manual card entry by 2030 using tokenisation and biometrics.
- Nuvei finalises regulatory approvals for Advent-led acquisition. Neon Maple Purchaser Inc is a special-purpose entity created by Advent International, and is supported by Philip Fayer, as well as investment funds managed by Novacap Management Inc. and CDPQ.
- Adyen partners with Zalando to optimise payments for European clients. Adyen will be the exclusive payment partner of Zalando for selected local payments, including Cartes Bancaires in France and Bancontact in Belgium.
- Barclays in discussions to offload 80% of merchant payments division to Brookfield but will not receive an up-front cash payment for it.
In other news…
CORPORATE ACTIVITY
- Truelayer laid off roughly a quarter of its workforce in one day in an effort to slash costs and become profitable.
- Klarna files for US IPO for a valuation between USD 15 and 20 bln
- Solaris offloads Engage business in the UK to Suits Me.
- Satispay raises EUR 60 million to further drive its service expansion
CRYPTOASSETS/BLOCKCHAIN/DLT
- Revolut to expand crypto exchange to 30 EU markets after a successful debut in the UK.
MOBILE MONEY
- PayPal rolls out money pooling tool for group purchases. Rolling out globally across the US, Germany, Italy and Spain, the new experience gives customers the ability to set up a pool in the PayPal app or online, invite friends and family to contribute, track group contributions and transfer funds to their PayPal balance to spend or withdraw.
- BANCOMAT, Bizum, and MB WAY launch EuroPA, a service that focuses on interoperability through instant transactions. Following this announcement, the companies have enabled interoperability between their services and carried the first instant payment transaction
OPEN BANKING & PSD2
- Kinguin partners with Volt to offer Pay by Bank in Europe, to allow its 18 million users to securely make purchases of games and in-game items through a Pay by Bank option.
- HMRC appoints Modulr as its new CoP supplier
SCHEMES
- Visa and Mastercard under investigation in Europe with EU antitrust regulators investigating whether their fees negatively impact retailers.
