Cross-border Payments

Europe
EMEA Daily: UK Consortium to Examine Future of Digital Currencies; Checkout.com Enhances Authentication Tool
August 17, 2022

In today’s news from Europe, the Middle East and Africa (EMEA), a cross-industry consortium in the U.K. has launched to study the future of digital currencies, and Checkout.com has enhanced its authentication tool for merchants. Get the Full Story Complete the form to unlock this...

Europe
Danish FinTechs Plug Regional Firms Into Global Commercial Networks
August 16, 2022

The Nordic countries are often considered pioneers when it comes to digital innovation and payments. With some of the lowest cash usage in the world and a history of interbank collaboration of money transfers and digital infrastructure, countries like Norway have been trendsetters in everything...

Cross-border Payments
EMEA Daily: Authentic Brands to Acquire UK’s Ted Baker; Remitly to Buy Rewire; Remitly to...
August 16, 2022

Today in Europe, the Middle East and Africa (EMEA) news, Ted Baker is to be bought by Authentic Brands Group for $253 million, while Remitly has agreed to acquire Israeli remittance solution Rewire for $80 million. Get the Full Story Complete the form to unlock...

Cross-border Payments
Surging Cross-Border Payment Volumes Reflect Rise of Multinational D2C Sellers
August 16, 2022

The continued eCommerce shift has merchants — especially larger ones — pivoting to sell their products directly to consumers (D2C). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cross-border Payments
Digital Beats Legacy in Sending Remittances to Remote, Rural Recipients
August 16, 2022

An essential part of migrant workers’ lives is sending money abroad to recipients who often depend on funds for critical expenses such as housing, food and healthcare. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Europe
EMEA Daily: Digital Bookkeeping Startup Pastel Raises $5.5M for Small Business Services in Nigeria
August 15, 2022

In today’s top stories from Europe, the Middle East and Africa, the growing Nigerian digital bookkeeping company Pastel raised over $5 million to expand its business bookkeeping management services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

MENA
UAE Processes $3B in Transactions in 2021, Plans to Roll Out Instant Payment Platform in...
August 14, 2022

The Central Bank of the United Arab Emirates (CBUAE) released its 2021 Financial Stability Report this month detailing measures put in place to mitigate the pandemic’s impact on the country’s economy. And despite the bleak macroeconomic landscape and rising inflation, the CBUAE projects a “positive...

Cross-border Payments
EMEA Daily: Nigeria Begins Regulating Mobile Devices via 5% Tax
August 12, 2022

In today’s top stories from Europe, the Middle East and Africa (EMEA), the Nigeria announced the implementation of a 5% tax on mobile devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cross-border Payments
Klasha Adds Former PayPal Executive to Help Transform African Commerce
August 12, 2022

Klasha has appointed former PayPal executive Ayman Jawhar CPO, saying his experience will help the company scale its B2B and B2C products for cross-border African commerce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...