EMEA

Money Transfer Firm Instant Cash Receives License From UAE Central Bank
Money Transfer Firm Instant Cash Receives License From UAE Central Bank
May 25, 2023  |  Mobile Payments

Instant Cash has received a license from the Central Bank of the United Arab Emirates (CBUAE). With this Retail Payment Services and Card Scheme Regulation...

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Digital Wallets and Networks Shake Up the $630 Billion Global Remittance Market
Digital Wallets and Networks Shake Up the $630 Billion Global Remittance Market
May 25, 2023  |  Payment Methods

The global remittance market — where hundreds of billions of dollars flow across borders annually — is being reshaped by digital disruption. Late last year,...

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Starling CEO Steps Aside As Neobank’s Revenues Double
Starling CEO Steps Aside As Neobank’s Revenues Double
May 25, 2023  |  Digital Banking

With profits increasing six-fold and revenues rising, Starling Bank’s CEO is stepping down. Ann Boden, who is both founder and chief executive of the British...

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Embedded Finance Brings Checkout Innovation to European B2B Merchants
Embedded Finance Brings Checkout Innovation to European B2B Merchants
May 25, 2023  |  Innovation

Despite increasing innovation in the B2B space, continued reliance on manual processes and the resulting slow pace and high operating costs associated with managing receivables...

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European Commissioners Say Google CEO Agrees Voluntary AI Rules Needed
European Commissioners Say Google CEO Agrees Voluntary AI Rules Needed
May 24, 2023  |  Regulation

Two European Commission officials said Google CEO Sundar Pichai agreed there’s a need for voluntary rules around artificial intelligence (AI). EC Internal Market Commissioner Thierry Breton said...

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Grocery’s Global Digital Growth Lags Behind Other Industries by 29%
Grocery’s Global Digital Growth Lags Behind Other Industries by 29%
May 24, 2023  |  eCommerce

As consumers increase their digital engagement across all parts of their lives, online grocery adoption is growing more slowly than other parts of people’s day-to-day...

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Tyme Raises $77.8 Million to Grow South Africa, Philippines Operations
Tyme Raises $77.8 Million to Grow South Africa, Philippines Operations
May 24, 2023  |  Investments

Digital banking group Tyme has raised $77.8 million in a pre-Series C capital raise. The Singapore-headquartered firm will use the new funding to continue growing its operations in South...

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Moonfire Raises $115 Million for AI-Centric Early-Stage Startups
Moonfire Raises $115 Million for AI-Centric Early-Stage Startups
May 24, 2023  |  Investments

Moonfire Ventures has raised $115 million for European early-stage startups and the artificial intelligence (AI) space. The new fund is the latest in a series of examples of...

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FinTech Mollie Adds Terminal to Growing In-Person Payments Offering
FinTech Mollie Adds Terminal to Growing In-Person Payments Offering
May 24, 2023  |  Payment Methods

European FinTech Mollie has launched an in-person payments solution called Mollie Terminal. The introduction of Mollie Terminal is part of the company’s drive to enhance its in-person...

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