France news and trends

Microsoft Earmarks $4.3 Billion for AI/Cloud Projects in France
Technology // May 13, 2024

Microsoft says it is investing $4.3 billion toward tech projects in France. The spending package will focus on cloud and artificial intelligence (AI) infrastructure, “AI skilling, and French Tech acceleration,” the company announced Monday (May 13), with the goal of training 1 million people and supporting 2,500 AI...

Amazon Plans to Invest $1.29 Billion in French Tech Projects
Amazon // May 12, 2024

Amazon is reportedly set to invest nearly $1.3 billion on tech projects in France. The eCommerce giant is one of several global companies poised to announce new foreign investments in France this week, Bloomberg News reported Sunday (May 12). French President Emmanuel Macron will host...

Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities
Regulation // March 06, 2024

Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm.  The firm told Reuters this after being asked about a Wednesday report by French newspaper Les Echos that the French banking regulator ACPR had found...

Netflix/Carrefour Collaboration Targets Cost-Conscious Consumers
Subscriptions // January 16, 2024

Netflix is teaming with French grocery chain Carrefour to offer low-cost subscriptions. The streaming service announced late Monday (Jan. 15) that it was offering customers in the French cities Rouen and Bordeaux no-commitment subscriptions to Netflix’s standard 5.99 euros per month subscription — with ads — as well as 10%...

Interviews & Exclusives
Wearables, Mobile Wallets Are Dream Combination for French Merchants

May 29, 2023
PYMNTS recently studied the digital transformation of 11 countries, discovering that France is a growth leader among the countries examined. Consumers in France are 10% more digitally engaged than one year ago, but growth is even higher in some categories, such as travel, eating, well-being or working. This growth means that local consumers regularly perform […]

Open Banking Drives Instant, Large-Ticket Financing in Europe 

May 24, 2023
Buoyed by changing consumer habits in the wake of the pandemic, the buy now, pay later (BNPL) financing model has exploded in recent years, with more and more consumers and...

EPI CEO Says Europe Ready for One Digital Wallet

May 08, 2023
As regulators push for the development of instant payments, European Union countries continue to leverage preexisting economic relationships to advance faster payments across the region.  It’s a trend that has...

Why SocGen’s B2B Marketplaces Strategy Needed FinTech

May 03, 2023
Online business-to-business (B2B) marketplaces are fast growing in popularity, helping to accelerate digital payment innovation in the business space. According to a research study by McKinsey, global sales generated via...

Quick Reads
Mistral AI Names Marjorie Janiewicz as US General Manager

May 14, 2024
French artificial intelligence firm Mistral AI has named a new general manager for the U.S. Appointed last month, Marjorie Janiewicz will be responsible for bolstering the company’s go-to-market presence in the U.S. and leading its American operations, Mistral said in a news release provided to PYMNTS Tuesday (May 14). “Marjorie is a go-to-market veteran with 23 years’ experience building […]

Microsoft Earmarks $4.3 Billion for AI/Cloud Projects in France

May 13, 2024
Microsoft says it is investing $4.3 billion toward tech projects in France. The spending package will focus on cloud and artificial intelligence (AI) infrastructure, “AI skilling, and French Tech acceleration,” the company announced...

Amazon Plans to Invest $1.29 Billion in French Tech Projects

May 12, 2024
Amazon is reportedly set to invest nearly $1.3 billion on tech projects in France. The eCommerce giant is one of several global companies poised to announce new foreign investments in...

Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities

March 06, 2024
Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm.  The firm told Reuters this after being asked...