Cross-border Payments

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....

Cross-border Payments
4 Key Factors Creating Payments Friction Across MENA
June 19, 2022

A report by the MENA Fintech Association (MFTA) analyzing the landscape of cross-border payments across the region has found that cost, speed, accessibility and transparency are issues creating friction in payments both between MENA countries (intra-MENA) and between MENA countries and the rest of the...

Europe
EMEA Daily: UK Could Revamp 50-Year-Old Credit Law
June 17, 2022

In today’s top stories from Europe, the Middle East and Africa, the U.K. looks at overhauling its decades-old Consumer Credit Act to reduce costs for businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cross-border Payments
UK Pledges to Change 50-Year-Old Consumer Credit Law
June 17, 2022

The United Kingdom government has announced plans to reform the Consumer Credit Act, which regulates credit card purchases and personal loans. The proposed overhaul aims at cutting costs for businesses and simplifying rules for consumers. Get the Full Story Complete the form to unlock this...