European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.

Source: europa.eu

Germans Prefer Carrying Cash as CBDC Decision Looms
Germans Prefer Carrying Cash as CBDC Decision Looms
August 18, 2024  |  CBDC

The future of the digital euro could be decided next year.  But as Bloomberg News reported Sunday (Aug. 18), many people in Europe’s largest economy...

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Apple Gives Third Parties Access to Tap-and-Go Payments Tech
Apple Gives Third Parties Access to Tap-and-Go Payments Tech
August 14, 2024  |  Apple

Apple says it is giving developers access to its near-field communication (NFC) technology. “Starting with iOS 18.1, developers will be able to offer NFC contactless...

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Legacy Treasury Management Systems Ill-Equipped as Markets Enter Real-Time Era
Legacy Treasury Management Systems Ill-Equipped as Markets Enter Real-Time Era
August 08, 2024  |  B2B Payments

When it comes to contemporary business operations, complexity is nearly unavoidable. The bigger a business gets, the more borders it crosses and peers it acquires,...

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Banks and Their Tech Suppliers Face More IT Scrutiny in Europe
Banks and Their Tech Suppliers Face More IT Scrutiny in Europe
August 08, 2024  |  Cybersecurity

Banks and their IT providers will soon face tougher scrutiny in the European Union (EU). That’s because of the Digital Operational Resilience Act (DORA), which...

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Report: Meta Facing EU Fine for Linking Facebook and Marketplace
Report: Meta Facing EU Fine for Linking Facebook and Marketplace
July 25, 2024  |  ANTITRUST

Meta Platforms is reportedly facing its first antitrust fine in the European Union (EU). That fine could be handed down in a few weeks in response...

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European Commission Will Not Oppose Advent Acquisition of Nuvei
European Commission Will Not Oppose Advent Acquisition of Nuvei
July 17, 2024  |  Acquisitions

The European Commission will not oppose the proposed acquisition of payment technology provider Nuvei by private equity firm Advent International. European Commission Director-General Olivier Guersent...

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European Commission Asking Competitors About Effects of Google-Samsung AI Deal
European Commission Asking Competitors About Effects of Google-Samsung AI Deal
July 17, 2024  |  artificial intelligence

The European Commission is reportedly looking into whether Google’s generative artificial intelligence (AI) deal with Samsung keeps other companies’ chatbots off Samsung smartphones. The antitrust...

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Apple Opens Payments Tech to Avoid EU Fine
Apple Opens Payments Tech to Avoid EU Fine
July 11, 2024  |  Apple

Apple has agreed to open its mobile wallet tech to rivals, thus avoiding fines in Europe. The agreement, announced by the European Union (EU) Thursday...

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How the World Does Digital: France’s Gen Zers Tops Digital Engagement Country Rankings
How the World Does Digital: France’s Gen Zers Tops Digital Engagement Country Rankings
July 08, 2024  |  Connected Economy

Although France checks in seventh — the first country below the median — in the recently released landmark report by PYMNTS Intelligence, “How the World...

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