Today in Europe, the Middle East and Africa (EMEA) news, Moneygram announces a new partnership with Jingle Pay, while the European Council officially approves the Digital Services Act.
MoneyGram Powers Remittances for UAE’s Jingle Pay App
Money transfer service businesses MoneyGram and Jingle Pay have announced a partnership to enable global money transfers through the Jingle Pay app. Consumers in Jingle Pay’s native market, the United Arab Emirates, can now use the Jingle Pay app to send money to over 200 countries and territories around the world thanks to the new partnership.
Europe Stamps Digital Services Act With Final Approval
The European Council has officially approved the Digital Services Act (DSA), a piece of legislation that aims to ensure a safer and more transparent online environment with greater accountability and protection. The DSA, packaged with the Digital Markets Act (DMA), requires transparency from technology platforms as well as accountability in their role as disseminators of content.
Global Blue Acquires Majority Stake in Shipup, Expands Post-Purchase Tech
Switzerland-based retail technology and payments company Global Blue has acquired a majority stake in post-purchase technology provider Shipup. Shipup is a Software-as-a-Service (SaaS) provider that enables retailers to create automated messages for their customers, including live delivery notifications, delivery estimates and satisfaction surveys. The acquisition is expected to close by the end of October.
Germany’s NORD/LB Will Use Trade Ledger’s LendTech Platform
Trade Ledger, a London-based Lending-as-a-Service FinTech, is teaming up with one of Germany’s largest commercial banks, Norddeutsche Landesbank Girozentrale (NORD/LB), to streamline lending decisions for corporate customers. The bank currently releases funds within seven working days of a receivables finance client raising an invoice but will reduce that time frame to 24 hours via the Trade Ledger platform.
Now an Apollo Brand, Ingenico Can Fly Solo
French payments company Ingenico is free to operate as an independent firm now that it is owned by Apollo Funds, after a deal with Worldline that had been under negotiations for months closed Monday (Oct. 3). Ingenico has a strategy in place to accelerate its business transformation as a payments ecosystem enabler and has appointed a supervisory board to help its management team drive that ambition.
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