PYMNTS-MonitorEdge-May-2024

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

Germany to Deliver Benefits Via Payment Cards Rather Than Cash
Germany to Deliver Benefits Via Payment Cards Rather Than Cash
April 12, 2024  |  Disbursements

The German parliament approved legislation Friday (April 12) that calls for benefits to be delivered to asylum seekers on payment cards rather than cash.  This...

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EU Watchdog: 90% of Crypto Trading Confined to 10 Exchanges
EU Watchdog: 90% of Crypto Trading Confined to 10 Exchanges
April 10, 2024  |  Cryptocurrency

Ten cryptocurrency exchanges account for 90% of the market’s trading. And that concentration could be a problem, according to a report issued Wednesday (April 10) by...

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Blockchain.com and MetaMask Partner to Streamline Adoption of Crypto Payments
Blockchain.com and MetaMask Partner to Streamline Adoption of Crypto Payments
April 09, 2024  |  Partnerships

Blockchain.com and MetaMask partnered to enable seamless and secure cryptocurrency payments. The new partnership includes an integration of Blockchain.com’s crypto payment solution, Blockchain.com Pay, with MetaMask’s self-custodial platform, the...

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EU Leaders Seek Reforms to Attract Private Capital
EU Leaders Seek Reforms to Attract Private Capital
April 09, 2024  |  International

European Union (EU) leaders reportedly aim to harmonize the member nations’ bankruptcy and corporate tax laws. The leaders will call for this and other changes during...

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Apple Yields to EU Demands on Music Streaming
Apple Yields to EU Demands on Music Streaming
April 07, 2024  |  Apple

Apple has reversed course in the battle over music-streaming services in Europe. The tech giant said Friday (April 5 it has accepted demands by the European...

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Swan Taps Wise to Enable International Payments for European Companies
Swan Taps Wise to Enable International Payments for European Companies
April 05, 2024  |  Cross-border Payments

European embedded finance firm Swan has integrated Wise Platform to enable its clients to send and receive money from more than 190 countries.  With Wise Platform, which is Wise’s...

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Scayl Raises $108 Million for FinTech Lenders
Scayl Raises $108 Million for FinTech Lenders
April 03, 2024  |  Investments

Debt financing platform Scayl has raised $108 million to lend to other European FinTech lenders. Billing itself as a “Fintech for Fintech Lenders,” Scayl said it helps...

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Authorities Search Booking.com Offices in Italy in Antitrust Probe
Authorities Search Booking.com Offices in Italy in Antitrust Probe
March 22, 2024  |  ANTITRUST

Italian authorities carried out inspections at the premises of Booking.com (Italia), the local company supporting Booking.com in Italy, Thursday (March 21) as part of an antitrust investigation. The...

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EU Set to Investigate Apple, Google Compliance With DMA
EU Set to Investigate Apple, Google Compliance With DMA
March 21, 2024  |  Regulation

The European Commission (EC) is reportedly set to launch full-scale investigations of tech giants Apple and Google, looking into their compliance with the EU’s new Digital Markets Act (DMA). The probes...

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