Tag "Europe"

European Buy Now Pay Later Market Heats Up

Buy now pay later (BNPL) arrangements, which allow customers to buy items on credit and pay the money back over time, is witnessing record growth in Europe with demand from consumers rising and investor sentiment remaining overall optimistic, according to

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Physical Fintech Events are Back in Europe

As vaccination rollout continues and confidence begins to return, governments in Europe are starting to relax COVID-19 restrictions. Already, signs are showing that the event industry is inching back to the traditional in-person events that were the norm before the

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China, UK, Germany Among Top Shopping Markets for European E-Commerce Customers

In Europe, online shoppers are increasingly embracing cross-border e-commerce, with China, the UK and Germany emerging as the top three preferred shopping markets, a new report says. In a new paper titled How Europe prefers to pay: E-Commerce Payment Report

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2021 Breaks Record in Fintech SPAC Deal Count and Volume

In Q1 2021, 17 blank check companies announced plans to merge with fintech firms, totaling a combined valuation of US$62.396 billion, data from fintech-focused investment bank Financial Technology Partners (FT Partners) show. These figures are a new record for the

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Fintech Funding in Europe Reaches Highest Quarterly High Since Q2’18

In Q1’21, fintech funding in Europe reached its highest quarterly total since Q2’18, surpassing US$2.9 billion in just the first two months of the year, data from market intelligence startup CB Insights show.   High fintech investment levels, not only

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The Most Well-Funded Fintech Startup in Each Country in Europe

In Europe, fintech is the largest investment category, receiving more than EUR 30 billions of venture capital (VC) investment since 2014, ahead of health (EUR 29B), enterprise software (EUR 27B) and transportation (EUR 12B), data from Dealroom show. An analysis

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IMF Study: Europe Lags Behind in Fintech Activities

Fintech activities relating to alternative financing and mobile money are less developed in Europe than in the Americas and Asia Pacific (APAC), a trend’s most likely due to the region’s high pre-existing banking presence and financial inclusion, strict regulation, and

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EU Consumers Uncomfortable Sharing their Data, Finds New Open Banking Survey

European consumers still have reservations about open banking offerings despite the entry into force of the Revised Payment Services Directive (PSD2) and efforts from governments to promote fintech and open banking, according to a new survey by PwC’s Strategy&. The

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COVID-19 Accelerates Shift to Digital Payments, Virtual Banking: McKinsey

The COVID-19 pandemic and its many repercussions have dramatically changed consumer behaviors, accelerating the move from physical to virtual banking and boosting digital payments, according to a new report by McKinsey. All forms of electronic payments, whether peer-to-peer (P2P) or

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A Deep Dive Into the European Open Banking Adoption and Fintech Collaboration Space

Across the world, banks in Europe are being the most active in adopting open banking, and the majority of them are pursuing a collaborative approach when it comes to developing new, innovative products, a new survey found. The study, conducted

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