A recent analysis of global cryptocurrency transactions by Chainalysis sheds light on the unique nature of Sub-Saharan Africa’s crypto market, which represented just 2% of global activity between July 2021 and June 2022. For example, although large transactions fueled by investors and financial institutions helped...
Today in Europe, the Middle East and Africa, the Dutch technology firm Prosus announced that it has cancelled a planned takeover that would have seen its FinTech arm PayU merge with the Indian payment firm BillDesk. In Italy, a court has overruled a $169 million...
Dutch technology investment giant Prosus has canceled its subsidiary PayU’s $4.7 billion acquisition of Indian digital payments processor BillDesk, saying conditions of the deal had not been met. In a Monday (Oct. 3) announcement on its website, Prosus said that “certain conditions precedent were not...
Deliveroo is opening its first brick-and-mortar grocery store as the rapid delivery service attempts to expand its offerings. “The grocery store offers customers a new way to shop, with customers able to shop in-store by ordering through digital kiosks; ordering via the Deliveroo app for...
French multinational financial services company Société Générale announced Monday (Oct. 3) that it is to acquire a majority stake in PayXpert. The final acquisition remains subject to the approval of the relevant authorities, according to a press release. Neither party has revealed the value of...
Taking the next step in its inquiry into a data breach of Meta’s Facebook platform, the Irish Data Protection Commission (DPC) has submitted a draft decision to other concerned supervisory authorities across the European Union (EU). As outlined in Article 60 of the EU’s General...
An Italian court has overruled a $169 million (€173 million) fine that the country’s antitrust authority levied against Apple and Amazon. That’s according to a report Monday (Oct. 3) from Reuters, which noted the figure had come down from the Italian Competition Authority’s original $225...
Artificial intelligence (AI)-powered insurance company Lemonade has launched in the United Kingdom and now offers contents insurance to residents across the U.K. Lemonade now operates in five countries, after previous launches in the United States, France, Germany and the Netherlands, according to a Monday (Oct....
If the Middle East was late to the neobank party, the United Arab Emirates, at least, is making strides toward the future of digital banking. In an interview with Jayesh Patel, CEO at UAE-based neobank Wio Bank, he said that the new platform emerged out...
The number of small- and medium-sized businesses in Britain selling over Amazon increased by more than 25 percent in 2021 — a growth rate far exceeding those posted by businesses in Germany, France or Italy. The 85,000 small- to medium-sized businesses (SMBs) in the United...