EMEA

Apple Adds Open Banking-Powered Capabilities to iPhone Wallet in UK
Apple Adds Open Banking-Powered Capabilities to iPhone Wallet in UK
September 29, 2023  |  Apple

Apple has reportedly soft launched an iPhone Wallet app integration that provides users in the United Kingdom with their current account balances and transaction histories. This...

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Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
Report: LVMH CEO Bernard Arnault Faces Money Laundering Investigation
September 29, 2023  |  Legal

French billionaire Bernard Arnault, the CEO of luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE, is reportedly under investigation for possible money laundering. The investigation, initiated...

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Global Merchants See Sales Boost With Modern Cross-Border Payments Infrastructure
Global Merchants See Sales Boost With Modern Cross-Border Payments Infrastructure
September 29, 2023  |  eCommerce

The pandemic era ushered in many favorable trends for global eCommerce businesses, but times have changed, says Pranav Sood, EMEA executive GM at payments firm...

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Report: Travelex Owners Assess Buyer Interest for Potential Sale
Report: Travelex Owners Assess Buyer Interest for Potential Sale
September 28, 2023  |  Acquisitions

British currency exchange company Travelex is reportedly considering a sale. The owners of Travelex, including former bondholders who gained control through a debt restructuring, are working with...

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Allegro Expects eCommerce Market Growth Even as Consumers Trade Down
Allegro Expects eCommerce Market Growth Even as Consumers Trade Down
September 28, 2023  |  eCommerce

Much like their American counterparts, consumers in Poland are trading down. However, that apparently hasn’t stunted the growth of Allegro, that country’s largest eCommerce platform, as...

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BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
September 28, 2023  |  CBDC

The Bank for International Settlements (BIS) and three central banks concluded a central bank digital currency (CBDC) project. Project Mariana was developed by three BIS...

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Flutterwave CEO: African Consumers Need Faster and Secure Payments to Thrive in the Digital Economy
Flutterwave CEO: African Consumers Need Faster and Secure Payments to Thrive in the Digital Economy
September 28, 2023  |  Global Payments

Nigeria, Africa’s largest economy, has all the tools for success in today’s connected global economy. But despite its economic prowess, restricted access to foreign currencies...

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French Startup Mistral AI Unveils Its First Generative AI Model
French Startup Mistral AI Unveils Its First Generative AI Model
September 27, 2023  |  Artificial Intelligence

French startup Mistral AI has unveiled its first generative artificial intelligence (AI) model. The company’s Mistral 7B is a “small-sized” model with 7 billion parameters,...

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Revio Raises $5.2 Million to Grow Africa-Focused Payments Orchestration Platform
Revio Raises $5.2 Million to Grow Africa-Focused Payments Orchestration Platform
September 27, 2023  |  Investments

Revio, a payment orchestration platform, secured $5.2 million in a seed round to tackle the challenges and opportunities in the African payment ecosystem. The funding...

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