Cross-border Payments

Europe
EMEA Daily: Raisin Bank Expands Into Payments Space With Bankhaus August Lenz Acquisition
June 23, 2022

In today’s top stories from Europe, the Middle East and Africa, robotics company BotsAndUs gets funding, retail sales stall in the U.K. and Raisin Bank AG is acquiring the payment services division of Bankhaus August Lenz & Co. Get the Full Story Complete the form...

Europe
Lackluster Rollout of SEPA Instant Stymies EU Payment System Success, Says Wise Product Chief
June 23, 2022

In the context of European banking, customers increasingly expect real-time transactions, transparent exchange rates and reasonable transfer fees. In practice, however, the way banks operate doesn’t always align with customer demand. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cross-border Payments
Blockchain Stellar and Payments Platform Nium Team on Payouts in 190 Countries
June 22, 2022

Money movement platform Nium is working alongside the Stellar Development Foundation (SDF) to offer payouts for 190 countries, a press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Europe
EMEA Daily: eCommerce Car Retailer Cazoo Moves Into Italian Market
June 22, 2022

In today’s top stories from Europe, the Middle East and Africa, online car retailer Cazoo has moved into Italy with its eCommerce car-buying and -selling platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cross-border Payments
China Moving Closer to ‘Healthy’ FinTech Launch
June 22, 2022

Chinese officials on Wednesday (June 22) approved the promotion of the “healthy” development of the payment and FinTech sectors across the nation, according to a Bloomberg report, perhaps a sign leaders won’t look as harshly at tech companies in the future. Get the Full Story...

Cross-border Payments
EMEA Daily: UAE PropTech Startup Huspy Raises $37M
June 21, 2022

In today’s top stories from Europe, the Middle East and Africa (EMEA), Emirati PropTech Huspy, Swedish electric vehicle marketplace Carla and German logistics platform TradeLink all close multimillion-dollar fundraising rounds. Plus, Nordic digital bank TF bank gets a banking license from Swedish authorities, while the...

Europe
State of Open Banking in Europe, Africa and the Middle East
June 21, 2022

Open Banking (OB) refers to the use of open-source technology and data-sharing in the delivery of financial services. The goals of a more open financial system are to improve the banking experience for customers, as well as to increase transparency and competitiveness in the banking...

Cross-border Payments
South Korea Tells Terraform Staff to Stay in Country, Indicating Investigation Ramp-Up
June 21, 2022

The South Korean government has ordered current and former staff of Terraform Labs to stay in the country, Bloomberg reported Tuesday (June 21). The move is likely is an indication the government is ramping up its probe into the collapse of the TerraUSD stablecoin. Get...

Cross-border Payments
Indian Cross-Border Payments Platform PayGlocal Raises $12M
June 19, 2022

PayGlocal, a payment solutions startup, has raised $12 million in a funding round, according to the Economic Times of India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....