European Payments Acceptance | Weekly News 19 July

UK-based ticketing company Ventrata has expanded its collaboration with Adyen to optimise its booking platform with additional capabilities.
Mangopay partners with ManoMano, European marketplace.
BNP Paribas is collaborating with Ant International to enable thousands of merchants that use BNP Paribas’ acquiring service across Europe to accept payments from more than 25 international mobile partners via Alipay+
Cash App quits UK market as it deprioritises global expansion.
Global IT outage causing planes to be grounded, and banks to be down. Payments in all major shops are down.

UK shoppers were hit by a payments outage Thursday 11^th July, preventing them from making online and card payments using Visa and Mastercard.

Klarna is lining up potential financial advisors for a US IPO that could happen in the first half of next year
Anne Boden quits Starling for new AI venture, AI by Boden.
Stripe valuation hits $70bn. Sequoia Capital has approached investors with an offer to buy shares in Stripe at a $70 billion valuation. Sequoia, which first invested in payments giant Stripe 14 years ago, has emailed limited partners in funds raised between 2009 and 2012, offering to buy up to $861 million in shares at $27.51 per share. The offer gives limited partners the chance to secure liquidity

Monzo to launch a bank account for children under 16, letting youngsters set savings goals and organize money with ‘pots’.
NatWest banking app will be available on Apple Vision Pro, Apple’s new operating system with a three-dimensional user interface. This system is operated using a combination of eye movements, hand gestures, and voice commands. Users can interact with apps through visual selection, finger taps, wrist flicks, or by using a virtual keyboard or voice dictation.

Poland fines PayPal with USD 27.3 mln for inadequately detailing activities subject to penalties in its contractual clauses. UOKiK highlighted that the descriptions of prohibited activities were unclear, potentially leaving users uncertain about what actions were forbidden and the consequences they might face.
Bafin threatens Solaris with fines for AML controls if it doesn’t meet deadlines to improve them.

Mobile money spend in emerging markets will reach $2.37 trillion by 2029, from $1.58 trillion in 2024. Juniper Research predicts that this growth of 51% will be driven by operators expanding their portfolios to include higher-margin advanced services, such as powering merchant payments in-store or via eCommerce, or providing international remittances

EU concludes Apple’s antitrust investigation. EC announced its plans to approve Apple’s allegiance to provide its tap-and-go tech mobile payments system to third parties.

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