EMEA: Goldman Expands Transaction Banking to EU

Today in Europe, Africa and the Middle East, Goldman Sachs introduced the growth of its transaction banking companies into the European Union and French banking agency Groupe BPCE has united its fee operations underneath the Payplug model.

Zenchef Secures $50M Equity Investment to Fuel Growth

French restaurant tech agency Zenchef has secured an funding of over 50 million euros from PSG Equity.

Founded in 2011, Zenchef supplies software program options for eating places to reinforce the shopper expertise and front-of-house operations. In a press launch, the corporate stated that in 10 years it has managed practically 50 million reservations for greater than 7,000 eating places.

Through Zenchef’s platform, which integrates reservation and venue administration, web site and digital menu administration, advertising actions, click on and gather and cell funds, eating places can management all their front-of-house operations from a single interface.

Zenchef, which is already out there in additional than 15 international locations, together with France, Belgium and Switzerland, intends to make use of the newest injection of capital to speed up its progress in Europe.

Goldman Sachs Expands Transaction Banking to EU

Goldman Sachs is bringing Transaction Banking (TxB) to Frankfurt, Germany, earlier than heading to Amsterdam, because the U.S. banker expands into the European Union with its world transaction banking platform.

TxB initially launched within the U.S. in 2020 and the U.Ok. in 2021. Goldman Sachs stated the EU growth will assist foster outreach to new shoppers throughout Europe whereas additionally deepening relationships with present clients with totally different banking wants.

TxB supplies a cloud-based world platform to serve shoppers’ treasury wants, together with deposits and funds, in over 160 international locations in additional than 120 currencies, providing account visibility, funds and liquidity positions.

Groupe BPCE Merges Payplug and Dalenys Into Single Payments Subsidiary

French retail banking conglomerate Groupe BPCE introduced it’s combining two subsidiaries in a transfer to consolidate the group’s FinTech operations.

Payplug, an omnichannel funds resolution designed for small and medium-sized companies, and Dalenys, an eCommerce-focused fee platform, are being mixed and can henceforth function underneath the Payplug model, Groupe BPCE stated.

Financial Super App Revolut Adds Pay Later Product in Ireland 

Global monetary tremendous app Revolut has launched its Pay Later product in Ireland, a rustic through which it has 1.9 million account holders.

The launch of the installment product comes after it was supplied to a choose group of consumers within the nation in June, and after greater than 1,000 of these clients bought services with Revolut Pay Later, in line with a press launch emailed to PYMNTS.

Revolut Pay Later makes use of an authorized credit score restrict and isn’t restricted to getting used at sure service provider companions. It can be utilized on-line or in-store with any service provider that accepts Revolut.

Apple Increasing App Store Prices in Certain European, Asian Countries

Apple is elevating the value of apps and in-app purchases in some international locations in Europe and Asia as of Oct. 5, although auto-renewable subscriptions might be excluded from the hike.

The new costs will have an effect on Japan, Malaysia, Pakistan, South Korea, Vietnam, Sweden, Poland and all territories that use the euro foreign money, in addition to Chile and Egypt. Price hikes within the Euro market are roughly 20%, whereas the will increase in Japan are about 30%.

The cause for a lot of the will increase s wasn’t supplied within the put up however may very well be attributable to a mixture of a robust greenback in opposition to a weakening euro and yen, excessive inflation and rates of interest and a weakened world economic system. Apple didn’t reply to PYMNTS’ request for remark.

PayTabs Brings Instant Payments to GCC’s Gig Economy

Omnichannel fee options firm PayTabs is bringing instantaneous funds to entrepreneurs, freelancers and folks working within the gig economic system throughout the Gulf Cooperation Council (GCC).

PayTabs’ Paymes platform will carry quick funds over social media to freelancers, artisans, consultants, micro-vendors and others who promote their services throughout the United Arab Emirates (UAE) and Saudi Arabia, the corporate introduced in a press launch.

MoneyGram Helps e& Offer Mobile Wallets to 160M People

MoneyGram is increasing its partnership with expertise and funding group e&, a transfer the businesses say will let practically 160 million individuals use the e& cell pockets to ship cash around the globe in near-real time.

“As a result of our strategy to invest in our digital network that now extends to over 100 countries, we’re seeing increased demand to access our global platform,” MoneyGram Chairman and CEO Alex Holmes stated in a press launch.

The corporations say their cash switch service is reside all through Saudi Arabia, the United Arab Emirates and Afghanistan. It is anticipated to launch in Pakistan, Egypt and several other different markets in Africa within the subsequent few months.

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New PYMNTS Study: How Consumers Use Digital Banks

A PYMNTS survey of two,124 US customers exhibits that whereas two-thirds of customers have used FinTechs for some side of banking companies, simply 9.3% name them their main financial institution.