International

International
EMEA Daily: Europe to Account for 28% of X-Border eCommerce in 2022, French Payments Firm...
December 21, 2021

In today’s top Europe, Middle East and Africa news, Europe is set to account for 28% of cross-border eCommerce in 2022, while French payments firm Numeral has snagged $14.7 million in its latest seed round. Plus, the United Kingdom is moving to open banking 3.0,...

International
Swiss Bank UBS Takes Appeal of Money Laundering Verdict to French Supreme Court
December 20, 2021

UBS has filed an appeal over a Paris court’s decision that upheld the company’s conviction for money laundering, Reuters reported Monday (Dec. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

International
EMEA Daily: Italy’s Zegna Goes Public in $3.1B SPAC Deal; Europe’s Digital HealthTech Sector Gets...
December 20, 2021

In today’s top Europe, Middle East and Africa (EMEA) news, Italian luxury fashion firm Zegna goes public in a $3.1 billion deal; Europe’s digital healthcare sector gets a $30 million funding boost; venture capital investment in Saudi firms is on the rise; the Davos Economic...

International
Bank Chief Says Russia Anticipates Staying Connected to SWIFT
December 19, 2021

The Russian financial system could survive even if disconnected from the global SWIFT interbank payment system, according to the head of the country’s VTB Bank, Andrey Kostin, Reuters reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

International
China to Step up Antitrust Enforcement
December 19, 2021

The anti-monopoly bureau in China plans to ramp up its action against monopolistic behavior, according to chief Gan Lin, Reuters writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

International
European Cloud Project Kicks off Without US, Chinese Firms
December 15, 2021

The European Commission launched on Tuesday (Dec. 14) the European Alliance for Industrial Data, Edge and Cloud. This project is part of the European Data Strategy, created in 2020, which aims to create a single EU data market and to have more control of the...

International
Banking as a Service Gets Boost From EU Creator Economy
December 14, 2021

Embedded banking and banking-as-a-service (BaaS) have been mainly concentrated in the FinTech and financial services domain, but that is gradually changing as non-financial services platforms take the plunge into financial services for the first time. Get the Full Story Complete the form to unlock this...

International
EMEA Daily: Norway’s Visma Acquires Danish Firm Acubiz, JPMorgan’s British Retail Bank Chase Expands Staff
December 14, 2021

In today’s top Europe, Middle East and Africa news, Norway’s Visma acquires Danish expense management solution Acubiz and J.P. Morgan’s British retail bank Chase expands its staff and its product suite. Plus, Klarna teams with GoCardless for its U.S. expansion, the European Union may regulate...

International
Merchant Involvement in European Payments Initiative Has Been Less Than Satisfactory
December 14, 2021

Unlike other European payment service providers, Market Pay has a unique characteristic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...