Tag: Electronic payments
The digital euro is to become legal tender
Digital Euro According to the ideas of the EU Commission, the digital euro should become legal tender – just like cash. (Photo: imago images/Christian Ohde) Frankfurt, Brussels The digital euro…
EY boss Carmine di Sibio announces withdrawal
Carmine di Sibio EY’s global boss will step down from his post next year. (Photo: EY) Dusseldorf The global boss of the auditing and consulting firm EY, Carmine Di Sibio,…
Banks will continue to issue Girocards with a Maestro function for the time being
The Maestro logo can still be found on many Girocards Mastercard is phasing out the Maestro feature for international payments. The banks have to convert their Girocards from July, Deutsche…
India targets Deutsche Bank for Xiaomi remittances
Deutsche Bank AG The banks had received the notifications because they allegedly had allowed such transfers abroad without a corresponding examination and request for the necessary documents. (Photo: dpa) New…
Consumer center calls for more legal clout for Bafin
BaFin in Bonn Collective consumer protection is now also one of the tasks of financial supervision. (Photo: imago images/Schöning) Frankfurt For around eight years, the financial supervisory authority Bafin has…
Around 15 million Girocards will be able to go online
savings bank Six savings banks have already started or completed the conversion to Girocards with an additional Mastercard function. (Photo: SZ Photo) Frankfurt In the next six months, many Sparkasse…
Why business in Germany would be difficult
Apple With its new commitment in the financial sector, the tech group is putting enormous pressure on traditional banks. (Photo: Reuters) Frankfort, San Francisco A new offer from the tech…
Bafin comparison portal for banks will not go into operation until 2024
Change bank details if the institute is too expensive? With the planned Bafin portal, citizens should get an overview of the conditions of credit institutions, for example for transfers, cash…
60 percent of purchases are paid in cash
money in the till Customers used cash, especially for smaller amounts. (Photo: dpa) Frankfurt Consumers in Germany still prefer to pay with cash. 59.4 percent of all transactions at the…
14 million Visa debit cards in Germany
Visa logo Banks in Germany have issued 14 million Visa debit cards. (Photo: imago images/Silas Stein) Frankfurt The US payment group Visa has almost tripled the number of its debit…
Bafin increases pressure on banks after delays in tax certification.
Financial supervision BaFin The authority wants to prevent banks from sending tax certificates to their customers too late due to organizational deficiencies. (Photo: IMAGO/Hannelore Föster) Frankfurt After the delayed dispatch…
Why Ethereum is gaining ground over Bitcoin
Presentation of the two cryptocurrencies There are still more Bitcoin in circulation than Ethereum. But that could change. (Photo: Reuters) Frankfurt Bitcoin’s price appeared to be stabilizing near $30,000 midday…
Wirecard short-term boss supports charges
Wirecard According to the indictment, some people are said to have falsified Wirecard’s balance sheets since 2015 and damaged lending banks by 3.1 billion euros. (Photo: Reuters) Munich In the…
Wirecard short-term boss supports charges
Wirecard According to the indictment, some people are said to have falsified Wirecard’s balance sheets since 2015 and damaged lending banks by 3.1 billion euros. (Photo: Reuters) Munich In the…
European banks will start their own payment service in 2024
Pay by smartphone The European Payments Initiative (EPI) plans to start mobile-to-mobile payments in 2024, with other mobile payments to follow. (Photo: Moment/Getty Images) Frankfurt A new alternative to Visa…
European banks want to start their own payment service in 2024
Frankfurt A total of 16 European financial service providers, including Deutsche Bank and the savings banks, want to start a new European payment system at the beginning of next year.…
Checking account stuck in the niche – Big competition
Klarna app The payment service provider Klarna recently launched a price comparison service for online shopping in Germany. Klarna is one of the big payment companies, but the current account…
Apple attacks banks and fintechs with savings accounts
Apple logo in New York The savings account is an additional offer for customers who already have an Apple credit card. (Photo: Reuters) Frankfort, New York Apple stirs up the…
Wirecard board torpedoed special test – “There were several attempts to influence us”
Markus Brown The former Wirecard board member tried to change the report of the special test until the very end. (Photo: dpa) Munich According to the auditor KPMG, the former…
Financial guru collects 13 million euros – and can more than double the valuation
Finance guru founders and co-heads Alexander and Benjamin Michel Financial guru has received fresh capital from investors. (Photo: finance guru) Frankfurt Financial guru receives fresh capital: The Frankfurt fintech has…