In major news from Europe, the Middle East and Africa, Europe is expected to account for 28% of cross-border e-commerce in 2022, while French payments firm Numeral took home $ 14.7 million in its last round of table. In addition, the UK is moving to open banking 3.0, Morningstar is on the verge of purchasing Praemium’s global branches and competition is intensifying in the crowded European market for electric scooters.
Europe to account for 28% of billion dollar cross-border e-commerce sales in 2022
According to a recent report by PYMNTS examining the latest developments in cross-border retail payments, cross-border e-commerce sales are expected to continue to soar next year, reaching around $ 1.2 trillion in 2022. Europe is expected to account for nearly 28.3% ($ 340 billion) of total total sales forecast in cross-border spending.
French payments startup Numeral raises $ 14.7 million
French startup Numeral raised 13 million euros ($ 14.7 million) in a funding round led by Balderton Capital to help the company grow its team from 10 to 40, boost the development of products and extend its banking coverage, according to a blog post Tuesday (December 21).
Angel investors, including Alexandre Prot of Qonto, Tom Blomfield of Monzo, Guillaume Princen of Stripe and Kima Ventures, also participated in the seed funding.
UK switches to Open Banking 3.0 – and this could affect £ 7,000,000 in payments
UK interbank payments, such as Bacs and the Faster Payments Service (FPS), amounted to nearly £ 7 trillion in 2020. The UK now plans to replace the underlying infrastructure of the new architecture payment (NPA), which could be in place by 2024.
Polish bank deploys biometric cards via Thales, Fiserv and Mastercard
Thales technology company, FinTech Fiserv and payments giant MasterCard are rolling out biometric cards across Poland, with Bank Pocztowy being the financial institution that will offer the futuristic payment and ID cards to their customers, according to a report on Tuesday (December 21st).
Bank Pocztowy started issuing the biometric cards on Monday, December 20, saying they offer increased security and are safer for cross-border transactions.
Morningstar to buy Praemium’s UK wealth management platform provider, International Business for $ 46.3 million
Independent investment research firm Morningstar has agreed to buy the operations of wealth management platform provider Praemium Limited in the UK, Jersey, Hong Kong and Dubai for £ 35million (£ 46.3million). dollars), according to a Tuesday, December 21. Press release. The companies plan to complete the transaction by the third quarter of 2022.
Competition Intensifies in Overcrowded European Electric Scooter Market as US Players Flock
Competition in the European electric scooter (eScooter) space continues to grow as micromobility companies capitalize on new sustainability trends to reduce greenhouse gas emissions and traffic congestion in densely populated cities. from Europe.
The pandemic has also prompted many to avoid overcrowded public transport networks, further boosting the popularity of shared micro-electric vehicles in the region.