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

Digital Wallets Account for 20% of All In-Store Payments in Germany, Highest in EU-5
Digital Wallets Account for 20% of All In-Store Payments in Germany, Highest in EU-5
October 16, 2022  |  Payment Methods

With nearly 29 billion debit and credit cards in circulation worldwide, cards power the digital economy. But as consumers warm up to alternatives, other payment...

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Portugal Proposes New Taxes on Crypto Transactions
Portugal Proposes New Taxes on Crypto Transactions
October 10, 2022  |  Cryptocurrency

Portugal wants to begin taxing digital currency gains on purchases held for less than a year, according to a proposal in the country’s 2023 budget....

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Biden Executive Order Aims to Protect US-EU Data Transfers
Biden Executive Order Aims to Protect US-EU Data Transfers
October 07, 2022  |  Data

President Joe Biden has signed an executive order aimed at protecting data transfers between the United States and European Union. The order, announced Friday (Oct....

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Regulation and Readiness Will Go Hand in Hand for European Banks in 2023
Regulation and Readiness Will Go Hand in Hand for European Banks in 2023
October 07, 2022  |  Bank Regulation

In its recently published work plan for 2023, the European Banking Authority (EBA) signals how the European Union’s banking sector intends to adapt to new...

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Final Draft of EU Crypto Law Caps Stablecoin Transactions
Final Draft of EU Crypto Law Caps Stablecoin Transactions
October 06, 2022  |  Regulation

The final text of the Markets in Crypto Assets (MiCA) law creating a broad legal framework for digital assets including cryptocurrencies and stablecoins has been...

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Tempo France, Orokii Team to Open Remittance Corridor
Tempo France, Orokii Team to Open Remittance Corridor
October 05, 2022  |  B2B Payments

Money transfer companies Tempo France and Orokii have opened a remittance corridor between the U.S., 27 European Union countries, the Philippines and Ukraine. “This partnership...

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Over 90% Smartphone Penetration Creates Different Results in Spain, Italy
Over 90% Smartphone Penetration Creates Different Results in Spain, Italy
October 05, 2022  |  Connected Economy

Despite topping the PYMNTS ranking for smartphone ownership, the state of digital transformation in Italy and Spain diverges significantly. Drawing on data collected from over...

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EU Watchdog Mulls Regulation of AI-Cybersecurity Firms
EU Watchdog Mulls Regulation of AI-Cybersecurity Firms
October 05, 2022  |  Regulation

In what’s been called the fourth industrial revolution, artificial intelligence (AI) is radically transforming global economies at a pace that has regulators scrambling to keep...

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Italy’s Digital Wallets Strive for Interoperability, Stronger Pan-EU Payments Integration
Italy’s Digital Wallets Strive for Interoperability, Stronger Pan-EU Payments Integration
October 04, 2022  |  Mobile Wallets

When PYMNTS assessed the landscape of digital payments in Italy for the “Benchmarking the EU’s Digital Engagement” series, it was observed that the country sits...

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