As it prepares to go public, the South Korean eGrocer Kurly expects to reach $2.5 billion in gross merchandise value (GMV) after crossing the $1.6 billion (or 2 trillion won) threshold last year. As Pulse reported Tuesday (Jan. 18), multiple retail industry sources say Kurly...
The European Union General Data Protection Regulation (GDPR) law is taking a financial toll on Big Tech as fines have soared nearly sevenfold in the past year. Nearly 1.1 billion euros (about $1.2 billion) in fines have been levied for a wide range of infringements...
Not to be left behind in the race to digitize its economy, China has issued its latest five-year plan to promote its development, the General Office of the State Council announced. The administrative arm of the People’s Republic of China said the digital economy should be...
In today’s top Europe, Middle East and Africa news, Amazon U.K. is changing course and has decided to accept Visa after all, and the U.K.’s Financial Conduct Authority issued $775 million in fines last year. Plus, the Netherlands-based FinTech Blender has purchased a Lithuanian credit...
Over the weekend, Blender, the Netherlands-based FinTech, announced it had purchased Lithuanian credit union (CU) for NIS 18 million ($5.8 million). Under the terms of the deal, which is expected to close in the second quarter, Blender will own 77% of Šeimos Kredito Unija. The...
A rise in financial crime fueled by the pandemic led the U.K.’s Financial Conduct Authority (FCA) to issue 568 million British pounds (about $775 million) in fines last year, according to a Monday (Jan. 17) press release emailed to PYMNTS. The total is made up...
The People’s Bank of China (PBOC) has published new rules designed to place a cap on bank’s commercial financing operations, while also bolstering risk management for the use of commercial bills. As Reuters reported Friday (Jan. 14), China’s central bank has ruled banks and finance...
In today’s top Europe, Middle East and Africa news, the London-based buy now, pay later (BNPL) FinTech Zilch has launched in Europe, and the Kenyan BNPL startup Lipa Later has raised $12 million. Plus, Barcelona-based Last.app cooks up $2.5 million to expand its restaurant management...
In today’s top Europe, Middle East and Africa news, WeTransfer is expected to seek an initial public offering (IPO) in Amsterdam, while U.K. retailers’ earnings forecasts have been buoyed by the holiday shopping season. Plus, NVIDIA and Arm tell the U.K.’s competition watchdog why it...
