Airbnb to launch payment system for guests from EU through Luxembourg

The home retailing giant employing more than 12,500 workers across the globe had been making preparations for the United Kingdom’s departure from the bloc, Luxembourg for Finance said in a public statement on the 4^th of December 2019.

According to Luxembourg for Finance, a governing body that oversees and promotes the tiny country’s financial sector, Airbnb was provided with a payment institution license to process payments between hosts and guests within the bloc, a 28-nation pact of European nations excluding United Kingdom.

Aside from that, the Luxembourg for Finance had also added in its statement that a number of payment processing giants such as PayPal Holdings, Amazon Payments, Alipay and Rakuten had picked Luxembourg as their operating Centrepoint for the European Union.