European Payments Acceptance | Weekly News 21 February

Revolut has expanded its Tap to Pay on iPhone offer to Germany and Romania as part of their Revolut Pro offer.
Adyen is partnering with Eats365, a food and beverage ISV, to offering merchants the ability to access Adyen payment offerings, via Adyen for platforms, streamlining the entire process from ordering to payment across all channels.
Payrails partners with Flix, a travel-tech company for smart routing. Payrails seeks to enhance transaction efficiency across Europe, North America and Turkey and supporting Flix’s expansion into South America and India.
In-store payments orchestrator Aevi integrates with Ixopay to help merchants unify their global payment systems by connecting card-present and card-not-present solutions.
ShopMate partners with DNA Payments to improve its support for UK retailers by integrating a payment solution into its EPOS system, ShopMate Pay.

Klarna will be offering flexible payments to car subscription market with a partnership with FINN a Munich-based car subscription startup. FINN offers consumers a single monthly payment which covers the car, insurance, maintenance and roadside assistance.

Cash usage is declining in Europe with one-in-three Europeans saying they would use digital Euro according to a study from technology consultancy BearingPoint. Cash usage is still dominant in German speaking countries.

Capital One is acquiring Discover Financial for USD 35.3 billion with expectations set for the deal to finalise in early 2025, creating a global payments platform with 70 million merchant acceptance points in more than 200 countries and territories.
Shift4 is expanding their acquiring offer with the acquisition of Global Blue, the merchant-facing DCC and VAT refunds provider, for $2.5bn.
Market Pay acquires Denmark’s AltaPay who offers merchants a unified platform to manage online, in-store and mobile transactions to expand their Scandinavian presence.

Uber is rolling out a preferred Currency Conversion Fee, automatically charging riders a 1.5% currency conversion fee by default. The changes are planned to take place from February 27, 2025 for users in the U.S., U.K., and the EU.
Lili is launching international ACH payments in 27 countries, in aims of enabling small business owners to grow cross-border.

Chase becomes Britain’s favourite bank ahead of Monzo according to new survey from the CMA in which 23,000 participants across Britain and Northern Ireland were asked whether they would recommend their bank to someone.

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