A report published during the Global E-commerce Summit in Barcelona shows Europe B2C e-commerce grew to EUR 363.1 B in 2013 a 16.3% increase vs. 2012. It is further forecasted to grow 17.2% to 425.5 Bn in 2014 and 19.8% CAGR to EUR 625 Bn...
French Groupement des Cartes Bancaires (CB) is testing a Natural Security Alliance approved biometric payment system, which would be available by EOY. In a first phase a fingerprint-reading chip will be integrated into a key fob and it is intended to sequentially incorporate it into...
Taxi drivers from London to Madrid plan to bring traffic to a halt this afternoon, across Europe’s most popular shopping and tourist locations, in protest of Uber, reports Bloomberg. The San Francisco ride-sharing app poses a threat to traditional taxi services globally, as its reach expands to...
A report by the UK Card Association shows that 74.5% of retail volume transactions (GBP 520 Bn) in UK were made using payment cards in 2013 vs. 46.5% in 2003. At the same time outstanding credit card debt was reduced to GBP 56.4 Bn vs....
The France-based e-commerce company Cnova NV filed an IPO last week. Cnova’s annual e-commerce sales hit $5.63 billion – mainly in France and Brazil – and the company added that it plans to raise as much as $100 million in new working capital. Get the...
TSN conducted a multi-age research on knowledge and use of e-money online in Russia. Almost every respondent has knowledge about multiple payment options including e-money. The most used non-cash payment method is offline payment at kiosks, followed by payment cards and e-money. Get the Full...
The European Commission published the bi-annual 2014 Convergence Report which details Lithuania has fulfilled all the requirements to join the Eurozone and decided to propose the EU Council of Ministers meeting in late June of adoption in the country as of 1 January 2015. Get...
For the last several years, Spain has struggled to regain economic strength. However, the European nation could be nearing positive change as it works to make regulatory changes in an effort to join in on the pan-European TARGET2 Securities transformation.
European shoppers who are looking for fashion on the go can now make their purchases in 20 seconds or less using their smart phones. Fast Retailing Co.’s Comptoir des Cotonniers division has paired with Powa Technologies, a London-based app maker, to make it possible for...
