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PingPong To Enter Europe Via $113M Investment

PYMNTS

PingPong and Luxembourg’s relationship goes back to 2017, when the FinTech startup got a payments license in the region, which allowed it to operate between Chinese outfits and customers in Europe. Earlier this year , Luxembourg passed a bill to amend an existing securities law so that it includes blockchain.

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Getaround Acquires Nabobil For $12M

PYMNTS

The acquisition will boost growth, and improve the user experience in the Nordic region through the integration of Getaround’s connected car technology. The entire Nabobil team will join Getaround to continue operations and oversee expansion in the region. Founded in 2015, Nabobil has built a strong user base in Norway.

Regional 108
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Australia, New Zealand Take A Hard BEC Scam Hit

PYMNTS

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. In total, about $104.5 million erroneous payment resulting from a BEC scam.

Fraud 177
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How A Local Lens For Risk Analysis Can Fight Global Money Laundering And Fraud

PYMNTS

Payment processors expanding their operations into new industries and markets have their work cut out for them, however. Using the large data flows that international payment processing sees can give you great local and regional and international forewarning of behaviors. The card industry’s 3D Secure 2.0

Fraud 130
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Tienda Pago Lands Funding For Mobile, One-Week SMB Loans

PYMNTS

Reports in ImpactAlpha on Monday (April 9) said Peru-based Tienda Pago, which operates in Peru and Mexico, secured $7.5 The company links SMB borrowers to financing via mobile phone and has already serviced 17,000 businesses since 2013, reports said. According to Gabbay, the region struggles with late supplier payments.

Mobile 100
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What Big Tech’s Patents Tell Us About The Future Of Data Security

CB Insights

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Similarly, Amazon Web Services (AWS) has a contract with the US government called Secret Region to serve workloads across the full range of government data classifications, including Top Secret documents. The Future of Data Security.

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Deep Dive: Smoothing X-Border Subscription Payment Pains

PYMNTS

Expanding operations to reach customers like these requires that businesses not only offer appealing products and services, but also provide payment experiences that are both convenient for consumers and easy for the companies to manage.

Payments 115