Europe
💣EU moves to finalize financial data access rules (FiDA), excluding US tech giants 🇺🇸 Paid Members Public
💣EU moves to finalize financial data access rules (FiDA), excluding US tech giants 🇺🇸 According to the Financial Times, the European Union plans to bar Amazon, Apple, Google, and Meta from accessing its new financial data-sharing system. The measure is framed as part of Europe’s drive for “financial sovereignty.” ▶️The
😳United Kingdom🇬🇧: The Bank of England will limit stablecoin ownership Paid Members Public
😳United Kingdom🇬🇧: The Bank of England will limit stablecoin ownership The Bank of England’s cautious stance reflects concerns that the widespread adoption of stablecoins could drain deposits from traditional banks and undermine financial stability. At the same time, the UK crypto community has voiced strong opposition. ▶️The central bank
⚡️PayPal users will be able to send money and crypto via P2P links Paid Members Public
⚡️PayPal users will be able to send money and crypto via P2P links To send or request a transfer, users simply need to open the PayPal app and enter the payment details. This generates a unique, one-time link that can be shared via SMS, email, direct messages, or chat. ▶️It
👍United Kingdom🇬🇧: FCA prepares to lift contactless payment limits Paid Members Public
👍United Kingdom🇬🇧: FCA prepares to lift contactless payment limits The UK Financial Conduct Authority (FCA) plans to allow card issuers to set their own contactless payment limits for their customers. For instance, this is already the case in the United States🇺🇸. ▶️This initiative is part of the 50 measures outlined
🎉Europe: Swedish fintech Klarna introduces its debit card Paid Members Public
🎉Europe: Swedish fintech Klarna introduces its debit card Now, anywhere Visa is accepted, European users will be able to pay upfront. ▶️In the Klarna app, consumers can choose 1 of 3 plans, including “Pay in 3”, “Pay later”, or long-term financing for larger purchases, subject to approval. ▶️Context: currently, Klarna’
🐫🐫🐫Revolut accelerates expansion in the UAE🇦🇪 Paid Members Public
🐫🐫🐫Revolut accelerates expansion in the UAE🇦🇪 The British-Lithuanian🇬🇧🇱🇹 neobank received approval from the Central Bank of the United Arab Emirates (CBUAE) to obtain a license for fund custody and retail payment services (category II). ▶️The services are mainly aimed at retail customers in the region. Expansion in the UAE is
⚡️Payment alliance EuroPA signs partnership with the European Payments Initiative (EPI) Paid Members Public
⚡️Payment alliance EuroPA signs partnership with the European Payments Initiative (EPI) The platforms included in the alliance — Bancomat, Bizum, MB WAY (SIBS) and Vipps MobilePay — will integrate their solutions into a central technical hub built on European infrastructure. This integration will enable users to make instant cross-border payments on a
🏴☠️Germany🇩🇪: PayPal🇺🇸 users shocked as banks halt customer transactions Paid Members Public
🏴☠️Germany🇩🇪: PayPal🇺🇸 users shocked as banks halt customer transactions Early last week, the banking sector suspended payments worth EUR 10 billion due to concerns that PayPal’s security system had allegedly stopped verifying them for potential fraud. The issue has since been resolved, but mistrust remains. ➡️ A surge in suspicious