European Payments Acceptance | Weekly News 05 July

Cardstream has partnered with Mastercard to introduce the Click to Pay service to its global customer base. Click to Pay offers merchants an embedded and optimised checkout system within their existing integrations, eliminating the need for manual card detail entry.
Adyen have announced new Q2 product updates, including new direct banking connections, cash out services, platform components and more.
Zimpler partners with Swish providing Zimpler’s merchants with a solution that combines Zimpler’s A2A payments with Swish’s transaction capabilities in Sweden. It is expected that merchants will take advantage of Zimpler’s A2A solution for larger transactions and Swish’s efficiency for smaller payments.
Ant Group acquires MultiSafePay, Dutch payments vendor. The deal will see MultiSafePay integrated with Antom, an Ant International subsidiary to provide digital and omnichannel payment solutions to SMEs across Europe.
EPI launches wero wallet in Germany. German Sparkassen and Volksbanken, Raiffeisenbanken customers can now make instant money transfers from account to account between individuals, via their banking app. Deutsche Bank will launch wero later this year, starting with Postbank.

JP Morgan Payments partners AutoRek to support their insurance customers with data complexities, complex processing, and cash allocation challenges.

Mollie adds Riverty’s BNPL payment method. Riverty is available from today for Mollie customers in the Netherlands, Belgium, Germany, and Austria.
Klarna partners with Adobe Commerce to allow merchants to implement its BNPL services.

Revolut soars to record profit of 438 million pounds in 2023 on strong user growth and soaring interest-related income. The company’s revenue almost doubled to a forecast-beating 1.8 billion pounds in 2023, helped by interest income that soared to 500 million pounds from 83 million pounds in 2022
Currensea raises over GBP 1.7 million on Seedrs in crowdfunding effort.

G+D has launched a token-based system for secure offline payments. G+D Filia Unplugged technology can be integrated seamlessly into existing digital payment offerings, including commercial banks’ tokenised deposit systems, instant payment systems, or mobile money services. The technology protects against power outages, weak internet signals and telecom failures.

Juniper Research found that the global number of digital video subscriptions will grow by 14% over the next five years; rising from 3.1 billion in 2024. This slow growth can be attributed to subscription fatigue in developed markets. The research identified the opportunity in emerging markets as being key to sustaining growth, but that this would require investment in localised content and telecom partnerships to be in place to be effective.

UK bank customers were hit by payment delays. Thousands of major bank customers in the UK have been hit by payments problems that has seen some people not receiving their salaries. Banks including HSBC, Nationwide, Barclays and Virgin Money were all affected by issues.

Handelsbanken Norway extends agreement with Tietoevry Banking for the delivery of a complete solution portfolio. The solution portfolio includes core banking, card and payment solutions, wealth management, as well as solutions for combating financial crime.
Worldline partners with BKN301, UK based BaaS provider for European markets. Worldline provides BKN301 with a customisable product for the instant issuance of payment cards via an online onboarding procedure, which will enable the company to offer its clients the ability to activate their cards easily.

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