According to data gathered by Finanso.se the European digital payments market is expected to hit a record $802 billion transaction value in 2020, which means a 9.9% yearly growth rate.
SoftBank Group announced this Monday it is going to sell up to $41 billion in assets to finance a stock buyback, reduce debts and increase its cash reserves.
Founded in 1886, Banca Sella is one of the better-known banking institutions in Italy.
Costa Coffee decided to refuse cash payments amongst its 2500 branches in the UK. Also, customers will no longer be able to sit in its shops due to the coronavirus epidemic.
UK-based fintech startup TransferWise has enabled international money transfers to China through a partnership with Ant Financial’s Alipay. Transferwise’s users will be able to send Chinese yuan from 17 currencies to users of Alipay.
Banco Santander announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million.
Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.
Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.