Ecommpay Charity Auction Raises Over €7,000 for Street Child
Weekly news up to Tuesday, 4th of March 2025
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👀 NEWS HIGHLIGHT
Boerse Stuttgart, one of Germany’s top stock exchanges, has announced a partnership with DekaBank to bring cryptocurrency trading to the German investment bank’s institutional clients.
The partnership allows DekaBank, a financial giant with over 411 billion euros ($427 billion), to integrate crypto into its offerings using Boerse Stuttgart Digital’s regulated brokerage infrastructure.
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NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Card & APM logos in your checkout: Compliance, UX, and best practices.
⭐️ Olumide Osunkoya sentenced to 4 years for illegally operating crypto ATM network.
⭐️ German court says EY not liable for damages in Wirecard lawsuit.
⭐️ Founders of hospitality cash-back app cash in with seven-figure sale.
FINTECH
Ecommpay charity auction raises over €7,000 for street child. Employees from the UK, Latvia, Kazakhstan and Cyprus offices came together to raise funds for Street Child, a charity dedicated to working with local organisations around the world to ensure every child has access to an education.
National Bank of Ukraine warns that Revolut has not received any licenses or permits. The regulator noted that currently Revolut has not submitted relevant applications, has not contacted the regulator, and is not undergoing the licensing procedure. Read the full piece
Marqeta announces TransactPay acquisition and CEO transition. The acquisition will further strengthen its platform, bolstering its digital payments capabilities for customers in the UK and the European Union. The firm also named Mike Milotich as interim CEO, replacing Simon Khalaf, who has stepped down from that role.
Revolut pressed to consider share sale at $60 billion valuation. Investors are pushing Revolut to consider offering another secondary share sale as new investors are scouring for ways to get a stake in the fast-growing FinTech. Revolut isn’t yet working on an offering and the company would need to authorize such a move.
66,000 Revolut customers charged incorrect ATM stamp duty. The company is in the process of refunding around 66,000 Irish customers after they were charged incorrect amounts for stamp duty on ATM withdrawals. Customers of the FinTech bank were incorrectly charged a total of around €23,000.
PAYMENTS
Silverflow partners with Solidgate to transform subscription payments. This collaboration aims to streamline and optimize the payment process for subscription-based businesses, enabling them to offer a more seamless, secure, and efficient experience for both merchants and customers.
Unzer launches Unzer Direct Bank Transfer. The payment method powered by open banking allows customers to pay directly from their bank accounts without needing a credit or debit card. The service is available to merchants in Germany and works seamlessly across all SEPA countries.
Digital payments: 57% of Italian teenagers choose FinTech, leaving traditional banks behind. 57% of Italian teenagers aged 12-17 use digital payment tools, with 66% in the 15-17 age group. However, only 22% of parents choose traditional banks for their children's accounts, preferring digital solutions like PostePay, Revolut, and Hype.