European Payments Acceptance | Weekly News 23 August

Brazil’s Pix lands in Europe. Brazilian tourists in Spain and Portugal will soon be able to use the Pix instant payments system on their trips thanks to a partnership between PagBrasil and Wipay.
DNA Payments’ solutions available on Oracle Cloud Marketplace. Pay at Reception, Pay at Counter, and Pay at Table are now available on the Oracle Cloud Marketplace, to provide solutions to F&B and hospitality sectors.
EU payment fraud surpasses EUR 4.3 billion. EBA and ECB have revealed that payment fraud in EEA reached EUR 4.3 billion in 2022, with an extra EUR 2.0 billion reported in the initial half of 2023
Trustly has parterned foodora to launch a new checkout service option for customers. Food delivery service company, foodora set to launch service initially in Finland, with plans to expand into other European markets, including Norway, Sweden, the Czech Republic, and Austria.

Starling searches for a group head of investor relations, perhaps creating speculation of an IPO in the near future.
Klarna acquires assets of Laybuy, bankrupt BNPL firm in New Zealand. Klarna says it will relaunch the business in New Zealand in the coming weeks under the Klarna umbrella. The UK laybuy operations still continue to trade.
Revolut hits $45 valuation in secondary share sale with new and existing investors. The share sale, which enables current employees to cash out some of their shares, is being led by Coatue and D1 Capital Partners, and existing investor Tiger Global.

UK based money movement company TerraPay forms council to improve global wallet interoperability. TerraPay has announced a partnership with five major digital wallet operators to create the Wallet Interoperability Council. Members include Airtel, bKash, MPESA, Nequi, and Sama Money, representing a significant user base across Bangladesh, Colombia, Kenya, Senegal, Tanzania, and Uganda.

Turkey’s crypto market sees surge in license applications.This surge in applications follows regulatory updates by the Turkish Capital Markets Board (CMB), marking a critical juncture for the nation’s crypto sector.
Circle introduces USDC contactless payments on iPhones. Circle’s new features follows Apple’s decision to open its near-field communication (NFC) chip to third-party developers. It creates new opportunities for crypto developers to integrate their services into Apple’s ecosystem.

Bank of Ireland warns of worrying surge in investment scams. For the first half of 2024, the volume of investment fraud attempts has surged by 76% compared to the same period in 2023

NatWest has expanded its partnership with Visa to introduce a new travel reward credit card to UK customers. This announcement comes after Reward expanded partnership with Natwest to power the Travel Reward Credit Card

Switzerland to launch instant payments. Swiss firms have been enabled to make instant electronic payments, while customers will have the possibility to use physical cash transactions as well.

Mastercard to cut around 1000 jobs (3% of workforce), due to organisational changes to realign the regions to accelerate growth. due to organisational changes to realign the regions to accelerate growth.

To find out more, get in touch