EU

The European Union is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km² and an estimated total population of about 513 million.

Source: en.wikipedia.org

European Regulators Turn Up Heat on Late Payment Fees to Protect Small Businesses
European Regulators Turn Up Heat on Late Payment Fees to Protect Small Businesses
January 03, 2023  |  B2B Payments

European regulators are looking to clamp down on late B2B payments in 2023. In the U.K., the government announced the launch of a review into...

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Central Banks Pursue CBDCs in 2023 but Diverge on Design
Central Banks Pursue CBDCs in 2023 but Diverge on Design
January 02, 2023  |  CBDC

Central banks around the world have diverged in the design of CBDCs. As the investigation phase of the European Central Bank’s (ECB) digital euro project...

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Italy Imposes 26% Crypto Tax
Italy Imposes 26% Crypto Tax
December 30, 2022  |  Cryptocurrency

Italy’s new crypto tax is set to impose a 26% capital gains levy on traders. The tax on crypto traders is set to go into...

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EU Governments’ Pro-Cash Agenda Increases Money Laundering Risks
EU Governments’ Pro-Cash Agenda Increases Money Laundering Risks
December 30, 2022  |  Payment Methods

People who still prefer to pay in cash are often overlooked in today’s digital world.  But Europe seems to be bucking that trend and in...

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Growth of Business and Consumer Lending Slows in Eurozone
Growth of Business and Consumer Lending Slows in Eurozone
December 29, 2022  |  Europe

The growth of business and consumer lending in the eurozone slowed in November. According to the latest figures from the European Central Bank (ECB) published...

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EU Digital Wallets Want to Be More Than a Way to Pay
EU Digital Wallets Want to Be More Than a Way to Pay
December 28, 2022  |  Mobile Wallets

EU digital wallets are looking to be more than just payment apps. According to Markus Kilb, CEO at Swiss mobile wallet provider TWINT, the next...

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EU Watchdog Probes Twitter for 5.4 Million User Data Breach
EU Watchdog Probes Twitter for 5.4 Million User Data Breach
December 23, 2022  |  Regulation

Ireland’s Data Protection Commission is looking into Twitter after a 5.4 million user data breach. The commission released a statement Friday (Dec. 23) that it...

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Takeaways From the EU’s Instant Payment Mandate
Takeaways From the EU’s Instant Payment Mandate
December 18, 2022  |  Faster Payments

The EU has a lot to consider as it mandates banks to offer instant payments. First introduced in 2017, Single Euro Payments Area (SEPA) instant...

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European Banks Pay for Anti-Money Laundering Failures
European Banks Pay for Anti-Money Laundering Failures
December 15, 2022  |  AML

A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank...

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