EMEA Daily: Amazon Buys Cloostermans; Wise Brings SWIFT to Neobanks

Today in Europe, the Middle East and Africa, Amazon acquired the Belgian robotics company Cloostermans and Wise Platform launched a new solution to help banks enable their customers to receive SWIFT transfers.

Roger Federer-Backed Running Shoe Brand Launches Resale Site in Green Push

Seeking to boost its sustainability and reach new customers, Swiss athletic footwear and apparel brand On — which is backed by tennis star Roger Federer — has launched a resale site called Onward.

The new site will buy and sell used shoes and will do the same with used apparel by the end of the year, according to a report by Bloomberg published Friday (Sept. 9).

Amazon Acquires Belgian Warehouse Automation Firm Cloostermans

Aiming to make its workplaces “safer, simpler and more productive,” Amazon has signed an agreement to acquire Belgian “mechatronics” firm Cloostermans.

Cloostermans’ technology is already used in Amazon facilities to move palettes and totes and to package products for delivery. With the acquisition, Amazon will be able to more quickly deploy solutions like these in its workplaces, the company said in a press release.

Fly Now Pay Later Selects receeve for Collections and Recovery

The debt recovery platform receeve has been selected by the buy now, pay later (BNPL) for flights company, Fly Now Pay Later for its collections and recovery management solution.

Jasper Dykes, CEO at Fly Now Pay Later, said the solution will help the company “provide an enhanced payment recovery experience to our customers,” adding that “oth our team and our customers will benefit from receeve’s maximum flexibility and control.”

Wise Platform Brings SWIFT Transfers to Neobanks

Wise Platform, the enterprise-facing branch of cross-border payments firm Wise, Friday (Sept. 9) announced the launch of its new SWIFT Receive service, which will allow Wise client institutions to facilitate cross-border payments, even if their bank is not connected to SWIFT.

The new service is likely to be well received by neobanks that aren’t connected to the SWIFT network due to the time and resources required to establish a connection, Wise stated on its website.

With this new service, Wise will make it easier for neobanks to connect and enable their customers to efficiently and safely receive international payments through SWIFT using their existing account details.

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