Yesterday, March 23, Google and Spotify announced a new agreement that will allow users to download Spotify from the Google Play Store and choose to pay with either Spotify´s payment system or Google Play Billing. For the first time, a dual billing option will be displayed side by side in the app. This represents a […]
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Apple is facing regulatory headwinds that may threaten its App Store revenue. However, the Cupertino, California-based company still has some legal arguments that could help it to delay the implementation of one of the most far-reaching provisions in the European Commission’s Digital Markets Act (DMA). The European Union approved in December the DMA, which aims […]
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The Federal Trade Commission (FTC) has been granted with a second chance to continue with its case against Facebook (now Meta), after a U.S. judged rejected the company’s motion to dismiss the lawsuit in a new filing on Tuesday.
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Nexi, Worldline and other European PayTech companies may be in a better position than Visa, Mastercard and Paypal to reap the benefits of the $139 trillion market for account-to-account (A2A) payments that run outside the card networks.
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Three companies are competing to lead the EU PayTech sector, Adyen, Worldline and Nexi. While the former will likely rely on organic growth, the latter still seek more M&A opportunities. In this article, we tell you how these different strategies may play out.
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The failed attempt by Visa to buy Plaid may indicate a bigger problem for card networks and a few fintech companies, they are growing too large to be ignored by regulators and areas such account-to-account payments and merchant acquiring servicies may enter in antitrust scrutiny territory. In this article we tell you which PayTech companies may be in a better position to continue growing through M&A.
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Mastercard can’t shake off a $19 billion consumer class action in the U.K. which may become the first opt-out collective proceeding (as known in the U.K.) to be certified by the Competition Appeal Tribunal (CAT). In this article we explain how much Mastercard may need to pay if it loses this case.
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Recent moves from Intesa San Paolo and La Caixa are encouraging lenders across Europe to position themselves in the M&A chessboard. Most of the European banks need to cut costs as a decade-long slump of revenue is set to continue. In this new wave of consolidation one thing is clear, if you are not at the table, you are on the menu.
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Variable Interest Entity (VIE) is a grey area in China. In the early days, VIE was a convenient alternative for Chinese internet companies to raise money overseas, due to certain obstacles in the domestic market and for foreign companies to invest in China without going through a merger review process. However this may change after the Mingcha Zhegang/Huansheng Information decision. While companies may still use a VIE for investment purposes, these operations may have to be notified in China.
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Apple is facing four antitrust investigations in Europe related to its App Store. Epic Games filed a lawsuit in the U.S. against the company for anticompetitive practices in the App Store and Germany, Japan and Australia have shown interest in these developments. The EU probe may bring more than $5 billion in fines and changes to the Apple’s App Store.
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