EMEA

Bank of England: CHAPS Payment System Service Restored After Outage
Bank of England: CHAPS Payment System Service Restored After Outage
July 18, 2024  |  Payment Methods

The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We...

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Cash App Exiting UK to Increase Focus on US
Cash App Exiting UK to Increase Focus on US
July 18, 2024  |  Payment Methods

Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it...

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Global Regulators Race to Tame the Wild West of AI
Global Regulators Race to Tame the Wild West of AI
July 17, 2024  |  artificial intelligence

From Washington to Brussels, policymakers are scrambling to rein in artificial intelligence’s (AI) rapid advance. As the Federal Communications Commission (FCC) targets AI-powered robocalls and...

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UK Regulators Investigating Benefits, Risks of Digital Wallets
UK Regulators Investigating Benefits, Risks of Digital Wallets
July 15, 2024  |  Payment Methods

Two United Kingdom regulators have begun gathering information on the benefits and risks of digital wallets for people and businesses. The Payment Systems Regulator (PSR) and Financial...

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PayPal Fined $27 Million for Contract Violations in Poland
PayPal Fined $27 Million for Contract Violations in Poland
July 15, 2024  |  Regulation

A Polish regulator fined PayPal $27.3 million over allegedly “unprecedented” user agreement violations. The Office of Competition and Consumer Protection (UOKiK) said in a Monday...

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Nala Raises $40 Million to Expand Consumer Business Beyond Africa
Nala Raises $40 Million to Expand Consumer Business Beyond Africa
July 12, 2024  |  Investments

Nala raised $40 million in a Series A funding round to expand its consumer business beyond Africa and to build its B2B payment platform for Africa....

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BaFin: Solaris SE Must Improve Controls or Face Financial Penalties
BaFin: Solaris SE Must Improve Controls or Face Financial Penalties
July 12, 2024  |  Bank Regulation

German financial regulator BaFin said Friday (July 12) that Solaris SE faces financial penalties if it doesn’t improve its controls. Solaris, which has a banking license in Germany...

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Walmart Taps Automation in Bid to Broaden Grocery Lead Over Amazon
Walmart Taps Automation in Bid to Broaden Grocery Lead Over Amazon
July 12, 2024  |  Retail

As Walmart looks to hold its own against Amazon’s growing lead in retail, the company is leaning into its food and beverage stronghold, leveraging automation...

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Mastercard and Network International Launch Business Payment Solutions in UAE
Mastercard and Network International Launch Business Payment Solutions in UAE
July 11, 2024  |  B2B Payments

Network International has introduced new Business Payment Solutions for companies in the United Arab Emirates (UAE). These solutions were launched in partnership with Mastercard and include card...

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