A banking glitch in Ethiopia reportedly let customers withdraw unlimited funds. Now, state-owned Commercial Bank of Ethiopia (CBE) is trying to recover the $40-plus million that was withdrawn or...
With funding becoming scarce, European startups are reportedly turning to convertible debt. These increasingly complicated deals are becoming more and more popular for venture capital (VC)-backed firms,...
Ryft, a payment platform for marketplaces and digital platforms, has partnered with American Express. “We are now enabling our merchants within the UK to accept payments...
Swedish payments FinTech Klarna is now offering open banking-powered settlements in the U.K. “The launch means consumers can now pay Klarna directly from their bank account instead of...
The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act. The probe will look at the...
Deliveroo has logged its first-ever profit as it continues pushing past its restaurant roots. The British company on Thursday (March 14) announced earnings of 85 million pounds ($109...
European Union (EU) lawmakers on Wednesday (March 13) passed a groundbreaking law on artificial intelligence (AI), setting a precedent that surpasses the U.S. in AI regulation. The...
The world’s cybercriminals all share one thing in common: they understand people can be exploited. After all, people make mistakes. They fall for scams, and...
PPRO has raised 85 million euros ($93 million) to expand and enhance its local payments platform. The company will use the new funding to grow...