EMEA

Germany’s Digital Transformation Stutters as Consumers Pull Back on Spending
Germany’s Digital Transformation Stutters as Consumers Pull Back on Spending
February 23, 2023  |  Connected Economy

PYMNTS’ December ConnectedEconomy™ Index, “How the World Does Digital,” found that in Germany, weaker overall retail demand drove fewer online transactions in Q3. In fact,...

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TransferMate Launches Embedded Solution for Cross-Border Payments 
TransferMate Launches Embedded Solution for Cross-Border Payments 
February 23, 2023  |  Cross-border Payments

TransferMate has launched an embedded solution that facilitates cross-border payments. The new TransferMate Connect enables banks and financial institutions to integrate with the firm’s global...

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Finway Raises $10M to Help Businesses Digitize Finances
Finway Raises $10M to Help Businesses Digitize Finances
February 23, 2023  |  Investments

Germany’s Finway has raised $10 million to help small businesses digitize their finances. The company announced the Series A funding on its blog Thursday (Feb....

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Tech Giants Object to Covering Cost of EU Telecom Upgrades
Tech Giants Object to Covering Cost of EU Telecom Upgrades
February 23, 2023  |  Big Tech

The European Commission is trying to determine who should pay to upgrade Europe’s telecom system. As Reuters reported Thursday, Europe’s telecoms have long argued that...

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Amazon Invests in Online Grocery as Supermarkets Boost In-Store Tech
Amazon Invests in Online Grocery as Supermarkets Boost In-Store Tech
February 23, 2023  |  Retail

This week in grocery, Amazon backs an online grocery startup, Giant leverages video and self-checkout evolves. In Amazon’s ongoing efforts to grow its share of perishables, the...

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Transactive Systems’ Growth Reportedly Slows Upon Bank of Lithuania Review
Transactive Systems’ Growth Reportedly Slows Upon Bank of Lithuania Review
February 23, 2023  |  Regulation

Transactive Systems’ growth has reportedly slowed after the Bank of Lithuania imposed limits on it. The Bank of Lithuania said Jan. 20 that the electronic...

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Mytheresa Sees Widening Gap Among Luxury Shoppers
Mytheresa Sees Widening Gap Among Luxury Shoppers
February 23, 2023  |  Retail

For Mytheresa, the high-end retail segment is diverging. This, as the newly listed luxury brand marketplace says it sees a difference between what it calls...

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The VC Fundraising Sea-Change: Less Formal, More Human
The VC Fundraising Sea-Change: Less Formal, More Human
February 23, 2023  |  Startups

FinTech firms are increasingly focusing on profitability, turning away from the growth-at-all-costs strategy many have long pursued. According to some investors, this strategic pivot from growth...

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Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
February 22, 2023  |  Banking

In this report, PYMNTS takes a look at the 2022 full-year performance of the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest. Barclays...

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