European Payments Acceptance | Weekly News 26 July

eBay to stop accepting American Express. Users will still be able to use their Amex on eBay by going through PayPal – but with large purchases, they may lose Section 75 protection of the Consumer Credit Act 1974.
Sage has partnered with Stripe to improve cashflow management and payment processing for SMBs, providing Sage customers with more options to pay and get paid quickly.
END. Clothing partners with Adyen for unified commerce solution.
Nexi partners with Liberis to launch revenue-based financing for clients in Germany.
ACI extends partnership with Worldpay. The agreement will see ACI continue to provide infrastructure to Worldpay to support merchants worldwide.
Worldline partners PayEye to launch biometric payment services. PayEye has created a biometric ‘eyepos’ payment terminal, enabling payment authentication with facial recognition. This technology combines iris and facial biometrics. When making a payment at the eyepos terminal for the first time, a unique code is generated based on the user’s biometric features. This code is then compared to the original biometric template during the payment process.

Nexi partners with Liberis to launch revenue-based financing for clients in Germany.

Germany B2B BNPL provider Billie integrates its service with Stripe. This new feature will be available to select online shops and marketplaces catering to business customers in Germany, France, and the Netherlands over the summer. By the end of the year, any business using Stripe’s financial infrastructure will be able to offer Billie’s BNPL service.
Klarna integrates Sofort into Klarna Payments for improved security. Earlier this year, Klarna extended the Sofortüberweisung service to additional markets, including the UK. The integration allows users to manage Sofortüberweisung payments within the Klarna app

Cash usage increases. The number of people mainly using cash for day-to-day spending hit a four year high during the cost of living crisis. 1.5 million adults mainly used cash in 2023 – marking the first rise since 2019, according to UK Finance.

UniCredit to acquire entire share capital of Vodeno and Aion Bank. The two companies provide a cloud-based platform for BaaS using Aion’s ECB licence. This platform offers a range of banking services, including accounts, deposits, lending, and payment solutions, which can be integrated into the operations of various financial and non-financial entities across Europe.
Ebury enlists Goldman Sachs for GBP 2 billion London IPO. The IPO is expected to take place in the first half of 2025

Paysafe partners with Alchemy Pay. Alchemy Pay will access Paysafe’s suite of payment products for consumers to use their fiat funds to purchase crypto across 130 markets.
Australian stablecoin payment startup Stables has launched stablecoin virtual Mastercard card in Europe.

Third of Brits now use mobile contactless payments. The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.

UK open banking hits 10 million users. More than 10 million UK consumers and small businesses are now regularly benefiting from using open banking technology.

By connecting national instant payment schemes, the cross-border instant payment market will increase by 223% globally by 2028; resulting in a 29% share of all global instant payment transactions by 2028. This change will be driven by the reduction in transaction friction.

Modulr’s customer onboarding ban lifted by the FCA. When Modulr decides to start onboarding new customers after the ban, it must give the FCA a 10 days notice.

Mastercard joins forces with McLaren Racing Formula 1 Team in a multi-year deal. Mastercard has become a major sponsor of the McLaren Formula 1 Team.

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