Klarna Halves Losses
Klarna is on the way to restoring its financial performance to an acceptable level.
Sweden
Swedish Open Banking Startup Kreditz Raises €10 Million
Swedish open banking startup Kreditz has announced that it has managed to attract investment funds for 10 million euros.
Danske Bank Now Helps Businesses Track Their Customers’ Financial Health
The new B2B business intelligence service enables Danske Bank business customers to check their customers’ creditworthiness and access the risks of non-payment
Central banks join to explore CBDC for international retail payments
BIS and the central banks of Israel, Norway and Sweden teamed up to find out how CBDCs can be used for international retail and remittance payments
Where do global governments stand on the CBDC issue?
Many countries have explored and tested national digital currencies. Yet, it doesn’t mean they are going to implement them. Read how national opinions on CBDC have changed over time
Credit Suisse considers aggressive job cuts
Swiss lender weighs laying off thousands of employees globally to reduce its overall cost base by an additional $1 billion
Riksbank launches instant payments service
Riksbank has introduced the RIX-INST service, which means that payments between banks can be made in real-time with central bank money. The Riksbank is thus offering the banks a secure and cost-effective payment system for instant payments that creates opportunities for Swedish companies to develop new innovative payment services. The service is connected to the […]
Record number of European consumers abandon financial apps during onboarding
The report is based on a survey of 7600 consumers across Europe including Belgium, Denmark, Estonia, Finland, France, Germany, Lithuania, the Netherlands, Norway, Poland, Spain, Sweden, the UK, and Ukraine
H&M trials new marketplace model
H&M has started trials of its new marketplace model in Germany and Sweden, as per Ecommerce News. This means that online shoppers can now find items from third-party brands in the section of the website called ‘H&M with Friends’. If successful, the model will be extended to other markets. A month ago, H&M released its […]
Klarna announced partnership with Wix
From designers and developers to musicians and restaurant owners, Wix is a website development platform for e-commerce merchants globally
BigBuy now covers all European Amazon marketplaces
This week, the B2B wholesale platform extended this service with two other Amazon marketplaces
Sweden’s economic forecast 2021: what’s coming next?
Bader Al Hussain PaySpace Magazine Analyst Sweden is a Scandinavian country having thousands of coastal islands and inland lakes. It is a part of Northern Europe and a member of the European Union but retained its own currency (i.e., Swedish krona (SEK)). With a per capita income of $50,339 and a Human Development Index […]
Here’s who accounted for over 60% of high-value VC investments in Q2 2021
Both nations attracted high-value VC investment deals worth over $100 million both in terms of volume and value
One of Swedish parcel delivery companies quadrupled its revenues
Nowadays, over 2 million people in Sweden use the company’s parcel locker offering
Nearly 70% of Europeans want to be inspired when shopping online
Retailers should identify how offline shopper behavior can be transformed online
German seniors to make most purchases online in 2022: survey
Over 9,000 consumers from the US, UK, Australia, Germany, Austria, the Netherlands, Norway, Finland and Sweden participated in the poll
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