Europe

Global Blockchain Companies Launch Blockchain for Europe Association

Four global blockchain companies (EMURGO, Fetch.AI, NEM and Ripple) have come together to found an association representing blockchain originating organisations in Europe. Blockchain for Europe claims to be the first credible attempt to create a unified voice for the blockchain industry at European level.

Read More

Alibaba to Open First E-commerce Trade Hub in Europe

Alibaba struck a partnership with the Belgian government on Wednesday to create a trade hub that aims to help companies in the country to sell products abroad.

Read More

Seven EU States Sign Declaration to Promote Blockchain Use

Seven southern European Union member states have released a declaration calling for help in the promotion of Distributed Ledger Technology’s (DLT) use in the region, the Financial Times ( FT) reports.

Read More

EC and Card Giants Close in on Inter-regional Interchange Fee Agreement

Visa and Mastercard are nearing a deal with the European Commission which would see the interchange fees merchants in the EU pay on transactions involving cards issued outside of the region slashed by at least 40.

Read More

Brexit Is Real. What Now for Finance Companies?

Deadlines have a way of focusing the mind, and that’s certainly the case with Brexit. By Friday, 29 March 2019 – less than four months from today – the UK will leave the European Union (EU), for better or worse. What once had been a distant possibility now looms as a concrete reality for millions.

Read More

ECB Launches Real-time Payments in Challenge to Tech Giants

The European Central Bank will on Friday unveil the first pan-eurozone instant payment service, hoping to become a dominant player in a field crowded by US and Asian tech giants. The so-called TIPS system will allow consumers and businesses across the 19-nation euro area to send and receive money in mere seconds, without the usual […]

Read More

Visa, Mastercard Offer Tourist Card Fee Cut in EU Antitrust Probe

Visa and Mastercard have offered to trim the fees merchants pay on card payments by tourists in the European Union in an attempt to stave off possible fines after a long-running antitrust investigation, people familiar with the matter said.

Read More

Major Banks Sign Up for New EU Commission Blockchain App Association

The European Commission, the EU’s executive body, is launching a new blockchain association next year and major banks are already on board.

Read More

ECB Steps Up Checks of Banks at High Risk of Laundering Money

The European Central Bank is stepping up scrutiny of banks it sees at high risk of laundering money by launching a dedicated network of watchdogs sharing information on the matter, its chief supervisor Daniele Nouy said on Tuesday.

Read More

Smartphone Payments Now Account for 6% of All Card Transactions in UK

Uptake of smartphone payments such as Apple, Google and Android Pay in the UK has quadrupled over the last two years, account for nearly 6 of all card transactions, according to new research. The study, from Cardlytics, indicates that as a proportion of total payments, mobile transactions in the UK have jumped from 1.3 in […]

Read More

Bank of England Launches Cash vs Cashless Challenge

As part of a new open forum on the future of money, the Bank of England is challenging Brits to see if they can live for a week either using only cash or not using cash at all. The BofE says banknotes will remain an essential form of payment for some time – just this […]

Read More

Australian Banks Planning to Abandon London as Brexit Looms

Australia’s banks are beginning to put in motion plans to shift staff and other assets out of London after Brexit. Australia’s largest bank by assets, Commonwealth Bank of Australia, is planning to base 50 staff in the Dutch capital, Amsterdam. Others including Macquarie, Westpac, and ANZ Bank are making plans on the continent.

Read More