EMEA

TikTok Shop Puts European Plans on Hold, Concentrates on US

TikTok Shop Puts European Plans on Hold, Concentrates on US
TikTok Shop Puts European Plans on Hold, Concentrates on US
May 31, 2024  |  Social Commerce

TikTok has reportedly decided to put its plans for expanding its eCommerce business in major European markets on hold. Instead, the ByteDance-owned social media platform...

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Mastercard and HSBC Middle East Partner on Travel Industry Payments
Mastercard and HSBC Middle East Partner on Travel Industry Payments
May 30, 2024  |  Partnerships

Mastercard and HSBC Middle East have joined forces to introduce the Mastercard Wholesale Program (MWP) in the Middle East, with a specific focus on the...

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Mastercard Opens Center to Combat Cybercrime in Europe
Mastercard Opens Center to Combat Cybercrime in Europe
May 30, 2024  |  Fraud Prevention

Mastercard has unveiled a center in Europe aimed at tackling cyber crime in the region. The Europe Cyber Resilience Center (ECRC), announced Thursday (May 30),...

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Trustly CEO: IPO Is Still 1 to 2 Years Away Despite Profit Jump
Trustly CEO: IPO Is Still 1 to 2 Years Away Despite Profit Jump
May 30, 2024  |  Digital Payments

The CEO of Swedish FinTech Trustly says going public is not yet on the company’s radar. Speaking to CNBC Thursday (May 30), Johan Tjarnberg said that although his company...

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European Central Bank Member Calls for Easier Cross-Border Bank Mergers
European Central Bank Member Calls for Easier Cross-Border Bank Mergers
May 29, 2024  |  Banking

European Central Bank (ECB) governing council member Françoise Villeroy de Galhau reportedly said Wednesday (May 29) that mergers of banks in different European countries should...

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Kintsugi Raises $6 Million to Further Develop Tax Automation Platform
Kintsugi Raises $6 Million to Further Develop Tax Automation Platform
May 29, 2024  |  Investments

Kintsugi raised $6 million in a Series A funding round to further develop its tax automation platform. The round, which valued the company at $40...

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Elavon and Woo Partner on Online Payments for European Businesses
Elavon and Woo Partner on Online Payments for European Businesses
May 29, 2024  |  Partnerships

Elavon and Woo partnered to facilitate online payments for small- to medium-sized businesses (SMBs) in Europe. With this collaboration, Elavon’s payment extension will be integrated...

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Mistral AI Targets US Market With Open-Source Models
Mistral AI Targets US Market With Open-Source Models
May 28, 2024  |  Artificial Intelligence

France’s Mistral AI, a European developer of generative artificial intelligence tools, has reportedly set its sights on the U.S. market. The startup hired Marjorie Janiewicz,...

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