European Payments Acceptance | Weekly News 11 October
European Payments Acceptance | Weekly News 11 October
- Cashflows partner with Mastercard to provide Click to Pay to its UK merchants and customers.
- Worldline has launched a new Embedded Payments solution in Europe in partnership with Online Payment Platform. Features of the Embedded Payments system include split payments, advanced escrow services, and mediation handling.
- FOURSOURCE selects Mangopay to introduce payments directly on the platform, eliminating the need for users to manage their transfers. FOURSOURCE is a German network comprising over 50,000 users in 120 countries, engaged in the buying and selling of apparel, fabric, trims, yarns, and home textiles
- Bizum introduces Bizum Pay, a new contactless payment solution utilising NFC technology. This will enable users to make payments directly from their Bizum account or link cards from various banks.
- FreedomPay partners Stripe to support enterprises in unifying commerce. FreedomPay will use Stripe’s solutions for online and in-person payments together with their existing commerce tools.
IN OTHER NEWS…
- Square introduces Orders platform in the US, a service that offers expanded commerce features to sellers across verticals in the region.
- Stripe partners with NVIDIA to optimise its AI-powered capabilities. The partnership is set to optimise AI for Stripe and improve fraud detection for its customers, while also enabling NVIDIA to expand global access to its NVIDIA AI software and NVIDIA GPUs. This process will take place by allowing developers, firms, and enterprises to prepay for select NVIDIA cloud solutions.
CORPORATE ACTIVITY
- TrueLayer closes USD 50 million funding round in an extension of its E Series funding.
- The board of Klarna Bank has agreed to remove a close ally of co-founder Victor Jacobsson. The directors recently agreed to remove Mikael Walther from the eight-person board, pending shareholders approval.
- UK-based fintech company Pockit to acquire Monese pending regulatory approval from the FCA. Pockit, backed by Puma Growth Partners, will inject up to GBP 15 million in equity capital to support the integration and growth of the combined business.
- Monzo to hit £4.5bn valuation in employee share sale. Monzo is offering employees the opportunity to sell part of their stakes in the digital bank through a secondary sale that sees its valuation hit £4.5 billion.
CRYPTOASSETS/BLOCKCHAIN/DLT
- Coinbase to delist certain stablecoins in the EEA that do not comply with MiCA regulation
FRAUD & CYBERSECURITY
- Global eCommerce fraud to exceed $100bn by 2029. A study from Juniper Research found that the money lost to online fraud will rise from $44bn in 2024 to $107bn in 2029, an increase of 141%.
ISSUING
OPEN BANKING & PSD2
- A2A payments in the UK will increase 212% to $235 billion by 2027; up from $102 billion in 2024, according to Juniper Research.
- London Based A2A provider Banked buys Australian A2A payments outfit Waave to drive Pay by Bank solution in Australia
- GoCardless partners with Moneybox to access its Direct Debit and Same Day Settlement products.
