EMEA

Swedish Court Fines Klarna $733,324 for Flaws in Privacy Notice

Swedish Court Fines Klarna $733,324 for Flaws in Privacy Notice
Swedish Court Fines Klarna $733,324 for Flaws in Privacy Notice
March 11, 2024  |  Legal & Regulation

Klarna has reportedly been fined 7.5 million Swedish crowns ($733,324) after a Swedish court ruled that the company violated the European Union’s (EU) General Data...

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Nexi Picks Mastercard for European Open Banking Partnership
Nexi Picks Mastercard for European Open Banking Partnership
March 11, 2024  |  Partnerships

Nexi has chosen Mastercard to help it support open banking account-based payments throughout Europe. “Through this partnership, Mastercard Open Banking will facilitate e-commerce payments across Nexi’s gateways serving merchants across...

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Report: Shein to be Subjected to DSA Rules
Report: Shein to be Subjected to DSA Rules
March 08, 2024  |  Legal & Regulation

Fast-fashion giant Shein is reportedly facing scrutiny under the European Union’s Digital Services Act (DSA). Shein will soon be designated as a company that must...

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Norway Considers Rules to Ensure Consumers Can Pay With Cash
Norway Considers Rules to Ensure Consumers Can Pay With Cash
March 08, 2024  |  Cash

The government of Norway has reportedly proposed rules designed to ensure that consumers can pay with cash. These measures are meant to ensure that those...

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NatWest to End BNPL Option Due to Lower-Than-Expected Use
NatWest to End BNPL Option Due to Lower-Than-Expected Use
March 08, 2024  |  BNPL

NatWest will end its buy now, pay later (BNPL) product May 7 due to lower-than-expected use of the offering. This move comes less than two years...

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Qonto to Acquire Regate, Add Financial Tools for Accountants
Qonto to Acquire Regate, Add Financial Tools for Accountants
March 07, 2024  |  Partnerships

European business finance solution firm Qonto plans to acquire French FinTech company Regate. The deal is expected to close within weeks, Qonto said in a Thursday...

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Nationwide Building Society Will Acquire Virgin Money for $2.7 Billion
Nationwide Building Society Will Acquire Virgin Money for $2.7 Billion
March 07, 2024  |  News

The U.K. bank Nationwide Building Society is set to acquire Virgin Money for $2.7 billion. The boards of the two companies reached a preliminary agreement to the deal on Thursday...

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Apple/Epic Spat Gets EU Attention as DMA Takes Effect
Apple/Epic Spat Gets EU Attention as DMA Takes Effect
March 07, 2024  |  Mobile Commerce

The European Commission wants answers about Apple’s ejection of Epic Games from its App Store. The commission (EC) has “requested further explanations” from the iPhone maker about the move, the Financial Times reported...

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