EU

The European Union is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km² and an estimated total population of about 513 million.

Source: en.wikipedia.org

Nordics Remain Real-Time Frontrunners Amid Double-Digit Growth in Payments Volume
Nordics Remain Real-Time Frontrunners Amid Double-Digit Growth in Payments Volume
March 02, 2023  |  Real-Time Payments

Home to some of the most developed and widespread real-time payments schemes, Europe is leading the charge in driving consumer and merchant adoption across the...

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Time, Investment and Creative Thinking Needed to Accelerate UK and EU Open Banking Adoption
Time, Investment and Creative Thinking Needed to Accelerate UK and EU Open Banking Adoption
March 01, 2023  |  Banking

Five years after open banking became a regulatory requirement, the U.K. now claims 7 million active users. That figure, representing less than 20% of the...

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Austria Accelerates Real-Time Pace as EU Pursues Instant Payment Mandate
Austria Accelerates Real-Time Pace as EU Pursues Instant Payment Mandate
February 28, 2023  |  Real-Time Payments

The SEPA Instant Credit Transfer (SCT Inst) continues to gain traction in Europe amid uneven growth across the region. Introduced in November 2017, the intra-European...

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Debit Card Transactions Soar in Germany Amid Digital Wallet Growth
Debit Card Transactions Soar in Germany Amid Digital Wallet Growth
February 26, 2023  |  Payment Methods

Germany’s girocard clocked 6.7 billion transactions in 2022, a 13% increase compared to the year prior. This led to a 12.2% jump in sales to...

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The VC Fundraising Sea-Change: Less Formal, More Human
The VC Fundraising Sea-Change: Less Formal, More Human
February 23, 2023  |  Startups

FinTech firms are increasingly focusing on profitability, turning away from the growth-at-all-costs strategy many have long pursued. According to some investors, this strategic pivot from growth...

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UK Hits Open Banking Milestone Amid Lingering Doubts About API Performance
UK Hits Open Banking Milestone Amid Lingering Doubts About API Performance
February 21, 2023  |  Banking

About 10% of U.K.’s population used open banking services in January. Data from a recent report by Open Banking Limited (OBL) shows that the number...

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Spend Management Firm SpendHQ Unveils ESG Procurement Help Tools
Spend Management Firm SpendHQ Unveils ESG Procurement Help Tools
February 21, 2023  |  B2B Payments

SpendHQ says it wants to help companies meet their procurement goals and meet ESG standards. To that end, the spend intelligence and procurement performance management firm...

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Cazoo Latest Exit Signals Trouble in Europe’s Once-Booming Used Car Market
Cazoo Latest Exit Signals Trouble in Europe’s Once-Booming Used Car Market
February 17, 2023  |  Retail

British auto marketplace Cazoo is selling its German subscription business two years after buying it.  The decision, announced in a Friday (Feb. 17) statement, comes after the online...

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Big Tech Firms Publish Monthly Active Users Data for EU
Big Tech Firms Publish Monthly Active Users Data for EU
February 17, 2023  |  Legal & Regulation

Big tech companies have released monthly active users (MAU) numbers to comply with a regulation. Reuters reported Friday (Feb. 17) that the firms released the numbers because...

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