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Sweden extends CBDC trials to February 2022

News | Cryptocurrencies | 22 Feb 2021

A trial of central bank digital currency in Sweden is to be extended for another year to 2021, in a bid to better understand the benefits and implications of a wider roll-out.

CBDC, central bank digital currency, Sweden, digital krona, Accenture, Riksbank, central bank

Northmill Bank raises USD 30 mln in funding

News | Online & Mobile Banking | 11 Feb 2021

Sweden-based challenger Northmill Bank has raised around USD 30 million in new funding.

Northmill Bank, fuding, Sweden, incumbent banks, banking license, digital banking

Zwipe Pay ONE platform selected by VOPY for its biometric payment cards

News | Cards | 08 Feb 2021

Zwipe’s biometric payment platform, Zwipe Pay ONE, has been selected by Sweden-based fintech Vopy, a provider of embedded financial services for telecom and financial institutions.

VOPY, Zwipe Pay ONE, Zwipe, biometrics, payment cards, partnership, Sweden, financial services, financial institutions

Swedish company Zwapgrid launches 'Internet of Systems'

News | Ecommerce | 26 Jan 2021

Sweden-based Zwapgrid, a cloud service interconnecting business support systems, has launched a tool aimed to streamline app communication for finance, ecommerce, and payments

Zwapgrid, product launch, Sweden, Internet of Systems, internet of things, IOT, ecommerce, online payments, Sweden Europe

Swedish payments provider Trustly plans USD 11 billion IPO

News | Online Payments | 25 Jan 2021

Sweden-based payments company Trustly has announced plans to launch an IPO in late April or early May 2021, with a valuation of up to USD 11 billion

Trustly, IPO, payments , Europe, Sweden, initial public offering, Sweden, Spain, Malta, Germany, UK, funding round, BlackRock, Investment Corporation of Dubai, Aberdeen Standard Investments, Neuberger Berman

Swedish startup Minna secures EUR 15.5 mln in funding

News | Online & Mobile Banking | 19 Jan 2021

Sweden-based startup Minna Technologies, a company helping bank customers to manage personal subscriptions within their banking app, has secured funding of EUR 15.5 million.

Minna, fintech, Sweden, mobile banking, digital banking, global baning, bank subscriptions, banking app

Fingerprints Cards enables Rocker's biometric payment card pilot in Sweden

News | Cards | 10 Dec 2020

Fingerprints Cards (Fingerprints) has announced it is enabling Rocker to launch the first contactless biometric payment card pilot with its customers in Sweden during Q1 2021. 

Fingerprints Cards, Rocker, biometrics, contactless, payment card, challenger bank, product launch, Sweden

Amazon.se now available to Swedish shoppers

News | Ecommerce | 29 Oct 2020

Amazon has announced the launch of its website in Sweden.

Amazon, Sweden, ecommerce, shopping app, Electrolux, Lagerhaus

ECB launches feasibility study into instant cross-border payments in Sweden

News | Online Payments | 12 Oct 2020

European Central Bank (ECB), in collaboration with Sveriges Riksbank, has announced it is launching an investigation into how the platform could support low-cost instant cross-currency transactions.

ECB, European Central Bank, tips, Target Instant Payment Settlement, instant payments, Sweden, Europe, digital payments, real-time low cost payments, merchant payments, ecommerce, consumer goods payments

Tink, Lydia partner for open banking in Europe

News | Online & Mobile Banking | 08 Oct 2020

France-based mobile payment app Lydia has selected Sweden-based Tink as its open banking technology partner to leverage access to PSD2 APIs across Europe. 

Tink , Lydia, Open Banking, Europe, Sweden, France, mobile payments, app, PSD2, APIs, account aggregation, payment initiation, Lydia app, banks, bank transfers

Loomis launches payment solution for cash, cards, and other digital payments

News | Online Payments | 09 Sep 2020

Sweden-based company Loomis has launched Loomis Pay to expand its presence across the value chain.

Sweden, Loomis, Loomis Pay, payment platform, merchants, payment suppliers, Denmark

Amazon to launch a dedicated Amazon website in Sweden

News | Ecommerce | 05 Aug 2020

Amazon has announced the upcoming launch of a dedicated Amazon website in Sweden.

Amazon, launch, Amazon Sweden, Sweden, Europe, online shopping, ecommerce

Ecommerce in Europe to account EUR 717 bln in 2020

News | Ecommerce | 10 Jul 2020

An ecommerce research has revealed that ecommerce is expected to be worth EUR 717 billion in 2020, meaning a 12.7% increase compared to 2019.

Ecommerce Region Report, ecommerce, research, report, Europe, online shoppers, Romania, Bulgaria, Spain, Belgium, Ireland, Austria, Iceland, UK, Denmark, Germany, The Netherlands, Sweden, foreign ecommerce, national ecommerce, Poland, Malta, Cyprus

Fidesmo, Mondaine partner to launch wearable payments

News | Cards | 06 Jul 2020

Sweden-based wearable payments provider Fidesmo has partnered with watch brand Mondaine to enable wearable payments through Fidesmo Pay.

Fidesmo, Mondaine, Sweden, launch, wearable payments, Europe, contactless payments, cards, Fidesmo Pay

Sweden-based company Datema rolls out 'scan and pay' mobile solution

News | Mobile Payments | 30 Jun 2020

Sweden-based IT company Datema has launched the EasyShop app that enables consumers to scan their items and pay all through their smartphone. 

Datema, Sweden, EasyShop, mobile payments, scan and pay, Coop, Norway, Nordics, Russia, Germany, The Netherlands, UK, Italy, Baltics, shopping lists, point of sale, POS, retailers, contactless payments

PayPal launches QR code contactless payments In Canada, with zero transaction fees

News | Mobile Payments | 26 Jun 2020

PayPal has rolled out QR code payments in Canada, enabling contactless mobile payments through the PayPal app. 

PayPal, Canada, contactless payments, mobile payments, QR code, transaction fees, merchants, coronavirus, Australia, Austria, Belgium, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Slovakia, Sweden, Switzerland, Spain, United Kingdom, United States.

Trustly raises new funding round backed by BlackRock

News | Payments General | 11 Jun 2020

Sweden-based fintech Trustly has raised a new round of funding from a group of investors lead by US-based investment management corporation BlackRock.

Trustly, BlackRock, funding round, online payments, Sweden, online banking payments, Europe, US, investment management, funding

58 percent of Europe-based checkouts have multiple errors, Stripe data reveals

News | Ecommerce | 10 Jun 2020

Stripe’s data has revealed that 58% of Europe-based checkouts have at least three basic errors, which could slow down the checkout process for customers. 

Stripe, Europe, checkouts, ecommerce, ecommerce checkouts, checkout process, UK, France, Germany, The Netherlands, Spain, Italy, Sweden, card number verification, mobile wallets, iDeal, eps, P24, Bancontact

Klarna rolls out Vibe loyalty programme

News | Ecommerce | 10 Jun 2020

‘Buy now, pay later’ service Klarna has announced the launch of its own loyalty scheme, called Vibe, in the US.

Klarna, US, VIBE, buy now pay later, gift cards, retailers, Starbucks, Sephora, Foot Locker, Uber, Germany, Sweden, UK, Australia, Split Payments, rewards programme, Klarna Ghost card, single-use virtual card, cards, ecommerce

Sberbank calls on suppliers to provide almost 5.00 ATMs with graphic cards

News | Cryptocurrencies | 01 Jun 2020

Russia-based Sberbank has called on local suppliers to provide 4.917 ATMs that come with built-in graphic cards that can perform ‘blockchain operations.’

Russia, banks, Sherbank, cards, ATMs, blockchain, graphic cards, Bitcoin, BTC, BTM, banks, DLT, China, loan, SMBs, Sweden, France, CBDC