Germany

Cash Rich, Digital Poor? The Paradox of German Economic Culture

Cash Rich, Digital Poor? The Paradox of German Economic Culture
Cash Rich, Digital Poor? The Paradox of German Economic Culture
July 18, 2024  |  Connected Economy

As the largest economy in the European Union, Germany surprisingly ranks near the bottom in digital engagement among the 11 countries studied in PYMNTS Intelligence’s...

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Commerzbank to Launch Fully Digital Credit Card Solution for Businesses
Commerzbank to Launch Fully Digital Credit Card Solution for Businesses
June 21, 2024  |  B2B Payments

Commerzbank plans to expand its credit card offering for business customers in Germany, adding a fully digital card with card management and usage features. The...

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Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset Trading
Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset Trading
June 04, 2024  |  Partnerships

Deutsche Bank and cryptocurrency broker Bitpanda have formed an expanded partnership in which the bank will provide real-time payment solutions for the incoming and outgoing...

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Brite Expands Instant A2A Payments, Payouts Solutions to Germany
Brite Expands Instant A2A Payments, Payouts Solutions to Germany
April 24, 2024  |  Real-Time Payments

Brite Payments now enables instant account-to-account (A2A) payments and payouts in Germany. The Swedish FinTech already offers these Brite Instant Payments in the Nordics, Baltics...

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Commerzbank Fined for Money Laundering Compliance Failure
Commerzbank Fined for Money Laundering Compliance Failure
April 22, 2024  |  AML

A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations. BaFin said Monday (April 11) that the bank failed to update customer data on time and...

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German Agency Criticizes EY’s Audits of Wirecard
German Agency Criticizes EY’s Audits of Wirecard
April 19, 2024  |  Cybersecurity

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations...

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Germany to Deliver Benefits Via Payment Cards Rather Than Cash
Germany to Deliver Benefits Via Payment Cards Rather Than Cash
April 12, 2024  |  Disbursements

The German parliament approved legislation Friday (April 12) that calls for benefits to be delivered to asylum seekers on payment cards rather than cash.  This...

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Tide to Launch Financial Platform for Small Businesses in Germany
Tide to Launch Financial Platform for Small Businesses in Germany
March 12, 2024  |  SMBs

Tide will launch its business financial platform in Germany, aiming to serve small businesses in Europe’s largest economy.  Already available in the United Kingdom and...

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