EMEA

Mercedes-Benz and Visa Roll Out In-Car Payments in Germany
Mercedes-Benz and Visa Roll Out In-Car Payments in Germany
March 06, 2023  |  Payments Innovation

Mercedes-Benz has begun using Visa technology to enable native in-car payments. With Mercedes pay+, which is being rolled out on select new vehicle models beginning...

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FinTechs’ Shift Toward Profitability Gets Mixed Views From VCs
FinTechs’ Shift Toward Profitability Gets Mixed Views From VCs
March 06, 2023  |  Fintech Investments

In a race to break even, British FinTech giant Revolut is the latest startup to claim profitability, a milestone that few neobanks have attained despite...

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Ooredoo and Huawei Partner on Mobile Money in MENA Region
Ooredoo and Huawei Partner on Mobile Money in MENA Region
March 06, 2023  |  Financial Inclusion

Ooredoo and Huawei have partnered on mobile money in the Middle East and North Africa. This collaboration will provide Huawei’s FinTech and mobile money platform...

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Abound Raises $601 Million to Fund Open Banking Business
Abound Raises $601 Million to Fund Open Banking Business
March 06, 2023  |  Investments

British lender Abound has raised $600 million to tap into increased interest in open banking. The funding, reported Monday (March 6) by TechCrunch, will help...

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British Government Investing $446 Million to Support ‘Future Industries’
British Government Investing $446 Million to Support ‘Future Industries’
March 06, 2023  |  Technology

The British government is investing £370 million (about $446 million) to support “future industries.” The new Science and Technology Framework provides government funding to improve...

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FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall 
FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall 
March 06, 2023  |  Legal

If FTX was founder Sam Bankman-Fried’s alleged personal piggy bank, it wasn’t refilled. Newly filed court documents introduced last week (March 2) reveal what John J. Ray III,...

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What Zara and H&M Are Getting Wrong About Charging for Returns
What Zara and H&M Are Getting Wrong About Charging for Returns
March 06, 2023  |  Retail

If declining sales and the continued stress to keep bottom lines healthy were not enough pressure already, retailers are today faced with another key challenge...

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N2F Raises $25 Million to Expand Expense Management Platform
N2F Raises $25 Million to Expand Expense Management Platform
March 06, 2023  |  Investments

French expense management platform N2F is preparing to expand after raising $25.5 million. “N2F’s ambition is to grow internationally across Europe where it can help...

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AI Brings ‘Smart Logic’ to Payments Orchestration
AI Brings ‘Smart Logic’ to Payments Orchestration
March 06, 2023  |  Payment Methods

Artificial intelligence can change the paths of payment and commerce. Literally. “There are many spaces [within financial services] that AI and machine learning can influence,”...

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