ING is reportedly working on a stablecoin project with other banks and crypto service providers. The Dutch bank launched the project after the implementation of the Markets in Crypto-Assets (MiCA) regulation last year created an opportunity to issue regulated stablecoins in the European Union (EU),...
OpenAI is calling for a simplification and review of AI regulations in Europe that it said could impede the region’s competitiveness globally, as the EU embarks on a set of initiatives for AI growth and innovation. “We call for EU policymakers and regulators to reset...
Lyft is expanding into Europe with its $197 million purchase of taxi app FreeNow. The deal, announced Wednesday (April 16), will see Lyft acquire the Germany-based company from BMW and Mercedes-Benz Mobility. It also marks the ride-hailing service’s largest expansion outside of North America. “We’re on an ambitious path to build the...
South Africa-based payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants. The company will use the new funding to deepen its in-person payments offering, bolster its online payments suite and move into the acquiring...
January 17, 2025
With the Digital Operational Resilience Act (DORA) now in effect, organizations must pivot from preparation to active compliance and ongoing risk management, That’s according to Carl Leonard, EMEA cybersecurity strategist at Proofpoint. In an interview with PYMNTS, Leonard said that true organizational resilience requires ongoing effort beyond compliance, with regular risk assessments and integration of […]
December 02, 2024
Digital wallets have become a key tool for German consumers, especially for online shopping and banking. Consider that 71% of consumers in Germany used a digital wallet in some way...
October 03, 2024
Embedded lending options are proving to be critical lifelines for individuals and the smallest businesses — particularly in an uncertain macro environment marked by relatively high interest rates. “Many times...
July 29, 2024
While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is...
April 24, 2025
Revolut booked its first billion-dollar annual profit in 2024, underscoring how the London-based super-app’s widening menu of wealth, credit and subscription services is translating customer growth into bottom-line results. The privately held company said Thursday (April 24) that group revenue soared 72% to $4.0 billion, driven by double-digit expansion in every major line, from card […]
April 22, 2025
ING is reportedly working on a stablecoin project with other banks and crypto service providers. The Dutch bank launched the project after the implementation of the Markets in Crypto-Assets (MiCA)...
April 16, 2025
Lyft is expanding into Europe with its $197 million purchase of taxi app FreeNow. The deal, announced Wednesday (April 16), will see Lyft acquire the Germany-based company from BMW and Mercedes-Benz Mobility. It also marks the ride-hailing...
April 15, 2025
South Africa-based payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants. The company will use the new funding to...
