europe

Europe’s 28 Million Small Businesses Get Ready for PayFac Version 2.0
Europe’s 28 Million Small Businesses Get Ready for PayFac Version 2.0
May 04, 2023  |  Digital Payments

The European region, Lynsey Verrillo, Head of Enablers and Small Business at Visa, and Marc-Alexander Christ, SumUp co-founder, told Karen Webster, is home to 28...

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CBDC Skepticism in Europe Paves Path for Tokenized Deposits
CBDC Skepticism in Europe Paves Path for Tokenized Deposits
May 03, 2023  |  CBDC

A spate of bank runs and controversies over central bank digital currencies (CBDCs) may further pave the way for tokenized deposits. The issues surrounding CBDCs...

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European Luxury Retailer Openings Jump 77% as China Sees ‘Softening’
European Luxury Retailer Openings Jump 77% as China Sees ‘Softening’
May 03, 2023  |  Retail

Luxury store openings in Europe skyrocketed last year as global travel resumed. That’s according to the latest edition of Savills’ Global Luxury Retail Outlook, which...

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Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
April 27, 2023  |  Earnings

British online auto marketplace Cazoo said an intense focus on improving unit economics as well as restructuring activities which saw it ditch its other European...

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Embedded Invoice Financing Bridges Cash Flow Gap for EU Freelancers, SMBs
Embedded Invoice Financing Bridges Cash Flow Gap for EU Freelancers, SMBs
April 27, 2023  |  SMBs

Delayed invoice payments are the bane of businesses everywhere, but for freelancers and small businesses, the sting from these late payments can be especially crippling...

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Worldline and Credit Agricole to Create ‘Major’ French Payments Player
Worldline and Credit Agricole to Create ‘Major’ French Payments Player
April 19, 2023  |  Partnerships

Worldline has teamed with French lender Crédit Agricole to form a joint payments operation. The partnership between the two companies will “create a major player...

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Axway Acquires AdValvas to Expand B2B eInvoicing Compliance Capabilities
Axway Acquires AdValvas to Expand B2B eInvoicing Compliance Capabilities
April 19, 2023  |  Acquisitions

Axway has added new eInvoicing compliance capabilities to its B2B integration software by acquiring AdValvas. The new capabilities include embedded support for Pan-European Public Procurement...

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Zalando to Add ChatGPT-Powered Fashion Assistant to Online Platform
Zalando to Add ChatGPT-Powered Fashion Assistant to Online Platform
April 19, 2023  |  Retail

Zalando will add a ChatGPT-powered fashion assistant to its online platform for fashion and lifestyle. The fashion assistant’s generative artificial intelligence (AI) capabilities will enable...

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European Commission Proposes Devoting $1.2 Billion to New Cybersecurity Initiatives
European Commission Proposes Devoting $1.2 Billion to New Cybersecurity Initiatives
April 18, 2023  |  Cybersecurity

The European Commission has proposed devoting 1.1 billion euros (about $1.2 billion) to new cybersecurity initiatives. The proposal of the European Union Cyber Solidarity Act...

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