European Payments Acceptance | Weekly News 28 June
European Payments Acceptance | Weekly News 28 June
- UK-based gaming marketplace, Driffle has partnered with Mangopay for payin, e-wallet management, seller payout, and KYC/KYB.
- Ecommpay partners with BigCommerce in UK and EMEA to add it to its list of integrations for merchants.
- Apple launches Tap to Pay on iPhone for users in Germany. Adyen, Commerz Globalpay, myPOS, Nexi, SumUp, and Viva are the first payment platforms in Germany to offer Tap to Pay on iPhone.
- Worldline partners with Preferred Hotels & Resorts, a luxury hospitality company. The partnership focuses on simplifying payment procedures and enhancing the guest experience in the luxury hospitality sector. The collaboration will benefit over 600 member properties across 80 countries.
- Wearable paytech provider MuchBetter has launched a contactless payments ring in Italy. The ring is free as long as users load it with €100 through the associated app. Customers just pay EUR 5.99 for delivery. Following the launch of the ring in Italy, it will also be available in Germany, Austria, the UK, Ireland and Poland.
IN OTHER NEWS…
ACCEPTANCE & PROCESSING
- The value of contactless payment transactions will grow by 113% over the next five years, from $7.4 trillion in 2024. The research found greater contactless payment availability for smaller businesses with Soft POS systems, is powering growth. As access becomes more widespread, users increasingly expect contactless payments; creating a virtuous cycle of increasing use.
CORPORATE ACTIVITY
- Klarna is selling its checkout business due to conflict of interest with peers such as Adyen and Stripe. The deal is valued at $520million and expects to be taken over by entrepreneur Kamjar Hajabdolahi.
OPEN BANKING & PSD2
- BR-DGE partners with Trustly to optimise Open Banking connectivity for its customers.
- Nuapay joins UK public sector Open Banking DPS Framework positioning Nuapay as a trusted partner for central and local government bodies to utilise Open Banking.
- Gr4vy expands partnership with Trustly into the European market following successful rollout in the US in 2023.
REALTIME/INSTANT PAYMENTS
- Computop will make wero available for merchants when it launches eCommerce payments in mid-2025. Computop will integrate the payment method in Q4 2024. While payments between individuals will be available in 2024, online retailers will be able to offer wero payments by mid-2025.
