EMEA

BNP Paribas and 321founded Launch Payment Management Tool Panto
BNP Paribas and 321founded Launch Payment Management Tool Panto
October 18, 2023  |  eCommerce

French banking group BNP Paribas has created a FinTech aimed at European eCommerce players. Dubbed “Panto” and launching with the help of 321founded, the offering gives marketplaces “a...

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Digital Euro Begins Two-Year Prep Phase at European Central Bank
Digital Euro Begins Two-Year Prep Phase at European Central Bank
October 18, 2023  |  CBDC

The European Central Bank (ECB) is closer to launching a digital euro. The ECB announced in a Wednesday (Oct. 18) press release that it will...

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Report: CVC Sets Sights on Payments Firm Nexi
Report: CVC Sets Sights on Payments Firm Nexi
October 18, 2023  |  Acquisitions

CVC Capital Partners is reportedly considering purchasing European payments company Nexi. As Bloomberg News reported Wednesday (Oct. 18), sources say the buyout firm has been eyeing Nexi for some...

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Marqeta and Scalapay Team to Expand Europe’s BNPL Use
Marqeta and Scalapay Team to Expand Europe’s BNPL Use
October 17, 2023  |  BNPL

Card issuer Marqeta has teamed with Scalapay to expand buy now, pay later use in Europe. The collaboration, announced Tuesday (Oct. 17), will see Marqeta work with Scalapay — a buy...

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Amazon Plans South African Online Store for 2024
Amazon Plans South African Online Store for 2024
October 17, 2023  |  eCommerce

Amazon will open its doors to sellers in South Africa beginning next year. Starting Tuesday (Oct. 17), independent merchants in the African nation can register...

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Nearly 50% of European Firms Rely on Overdrafts From Corporate Bank Accounts
Nearly 50% of European Firms Rely on Overdrafts From Corporate Bank Accounts
October 17, 2023  |  Loans

Accessing working capital solutions is crucial for growth corporates — often referred to as middle market firms — around the world. However, the choices available...

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Business Lender iwoca Raises $243 Million to Fund Small Businesses
Business Lender iwoca Raises $243 Million to Fund Small Businesses
October 16, 2023  |  SMBs

European small business lender iwoca says it has raised $243 million in new funding.  The financing, announced late Monday (Oct. 16), follows the $152 million the London-based...

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Report: Ad-Free Social Media May Not Have Future in US
Report: Ad-Free Social Media May Not Have Future in US
October 16, 2023  |  Subscriptions

If Meta offered a paid, ad-free version of Facebook, would consumers use it? Probably not, according to a Monday (Oct. 16) Bloomberg report. The company...

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Zilch Launches Product to Improve Credit Access and Management
Zilch Launches Product to Improve Credit Access and Management
October 12, 2023  |  Consumer Finance

Zilch, a U.K.-based ad-subsidized payments network, has launched a new credit product called Zilch Up. Aimed at empowering individuals who are typically excluded from mainstream...

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