Dear Subscriber,

In our lead story we take a look at the latest payment habits data coming out from Europe. Cash may still be king in Germany and France but a lot can change in five years especially when consumers expect to use newer payment technologies such as mobile wallets and Apple Pay.

Elsewhere in the newsletter, American banks are gearing up to take on Venmo with their recently revamped clearXchange, now promoted as Zelle, whilst two biometric companies, EyeVerify and BioConnect are collaborating on the technology in the fintech sector.

We round off the newsletter with the news that UK fintech startup Smartcalling will join Nordea’s new fintech accelerator, which kicks off next month.

Enjoy!

New data from Worldpay, which surveyed 4,000 shoppers in Europe, shows the continent is becoming more tech-savvy and a keen adopter of new payment technology.

American banks are planning to push their revamped person-to-person payment service, clearXchange and take on Venmo.

UK fintech startup Smartcalling will join Nordea’s new fintech accelerator, which kicks off next month.

BioConnect, an identity management platform company, and EyeVerify, a biometric technology company, have announced a licensing agreement that includes the integration of the latter’s Eyeprint ID into the BioConnect platform.