Germany

Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
September 05, 2024  |  Legal

Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. A judge ordered Braun and two other executives from the defunct German payments company to...

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Amazon and Santander Launch Visa Card in Germany
Amazon and Santander Launch Visa Card in Germany
August 12, 2024  |  Credit Cards

Amazon teamed with Santander to launch a new Amazon Visa card in Germany. The card lets users earn rewards while shopping on and off Amazon’s...

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German Prosecutors Charge 2 Former Wirecard Executives With Embezzlement
German Prosecutors Charge 2 Former Wirecard Executives With Embezzlement
August 06, 2024  |  Security & Fraud

Four years after the collapse of online payments company Wirecard, German prosecutors have reportedly charged two more of the firm’s former executives. Wirecard’s former finance...

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New Data: Germany’s Baby Boomers Flip the Script on Digital Wallet Usage
New Data: Germany’s Baby Boomers Flip the Script on Digital Wallet Usage
August 01, 2024  |  Digital Payments

Consumers in Germany are embracing their digital wallets for payments. Nearly half (47%) use them for online shopping for example. Surprisingly, baby boomers and seniors...

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How the World Does Digital: Germany Lags in Digital Engagement
How the World Does Digital: Germany Lags in Digital Engagement
July 18, 2024  |  Connected Economy

As the largest economy in the European Union, Germany surprisingly ranks near the bottom in digital engagement among the 11 countries studied in PYMNTS Intelligence’s...

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Commerzbank to Launch Fully Digital Credit Card Solution for Businesses
Commerzbank to Launch Fully Digital Credit Card Solution for Businesses
June 21, 2024  |  B2B Payments

Commerzbank plans to expand its credit card offering for business customers in Germany, adding a fully digital card with card management and usage features. The...

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Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset Trading
Deutsche Bank and Bitpanda Launch Real-Time Payments for Digital Asset Trading
June 04, 2024  |  Partnerships

Deutsche Bank and cryptocurrency broker Bitpanda have formed an expanded partnership in which the bank will provide real-time payment solutions for the incoming and outgoing...

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Brite Expands Instant A2A Payments, Payouts Solutions to Germany
Brite Expands Instant A2A Payments, Payouts Solutions to Germany
April 24, 2024  |  Faster Payments

Brite Payments now enables instant account-to-account (A2A) payments and payouts in Germany. The Swedish FinTech already offers these Brite Instant Payments in the Nordics, Baltics...

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Commerzbank Fined for Money Laundering Compliance Failure
Commerzbank Fined for Money Laundering Compliance Failure
April 22, 2024  |  AML

A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations. BaFin said Monday (April 11) that the bank failed to update customer data on time and...

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