The European Commission sent today, May 2, a statement of objections to Apple with the preliminary view that the company has abused its dominant position for mobile wallets on iOS devices. The EU regulator alleged that by limiting access to standard technology used for contactless payments with mobile devices in stores — Near-Field Communication (NFC) […]
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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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Visa’s $5 billion acquisition of Plaid was unconditionally cleared by the U.K.’s CMA on August 24. It contrasts with the EU conditional approval obtained by Mastercard in its acquisition of Nets on August 17. The analysis conducted by the U.K. regulator left a door wide open for companies like American Express, PayPal and TrueLayer to continue the consolidation in the customer-to-business (C2B) payment sector.
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