Today marks the one-year anniversary of the European Commission’s VAT in the Digital Age (ViDA).

Set to be enforced between 2024 and 2028, these reforms respond to reports indicating a €93 billion loss in VAT revenues for European member states in 2020 and aim to enhance efficiency and combat fraud.

As cash payments in the UK rise for the first time in a decade, payments technology and solutions provider Monavate has worked with e-commerce payments innovator Kasssh and recently launched a trailblazing cash payment solution for online shoppers in the UK.

January Technologies, Inc. (“January”) has announced that it has raised $12 million in Series B financing, preempted and led by existing investor IA Ventures. Existing investors Brewer Lane Ventures, Third Prime, and Reciprocal Ventures, along with new investors such as Upper90, Shrug Capital, and numerous strategic angel investors, joined IA Ventures in the current round. The current round follows January’s $10 million Series A fundraise in 2022.

Binance, the global blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, is pleased to announce that it is the official Gold Sponsor of Taipei Blockchain Week 2023. This community-hosted event has been highly anticipated, and will bring together over 5000 individuals within the crypto, blockchain and Web3 industry from Taiwan and beyond.

Canapi Ventures ("Canapi"), the fintech venture capital fund backed by nearly 70 financial institutions and strategic investors across the United States, today announced the raise of a $750 million Fund II. Canapi is backed by the Canapi Alliance, the fund's unique network of strategic banks and financial partners institutions across North America, as well as institutional investors.

LexisNexis® Risk Solutions earned recognition as a leader in the Global Behavioural Biometrics and Fingerprinting Solutions report from Datos Insights (formerly Aite-Novarica). It achieved best-in-class scores across three of the four criteria areas assessed: vendor stability, client strength and client service. The analysts also considered LexisNexis Risk Solutions to be a strong contender, bordering on best-in-class status, in the product features criteria area.

The advent of Generation Z (Gen Z) and Millennials has ushered in a new era of payments, motivated by their significant impact on commerce and their progressive technological preferences. Gen Z, the generation following Millennials, are the dynamic cohort epitomizing the digital age. Born after 1995, they have grown up immersed in a world defined by smartphones, social media platforms, and immediate access to information.

The accelerated transformation in business-to-business (B2B) payments seen in the last three years is set to continue into 2024 and beyond. As businesses look for more efficient ways to make and take payments and even fund their operations and growth initiatives, digital B2B payment technology is proving to be an effective solution.  

PPRO, the leading digital payment platform, has integrated Swiss payment method TWINT onto its platform. Processing over 386 million transactions in 2022 alone, TWINT is the preferred way to pay for more than half of the Swiss population and it has become an essential choice for online merchants looking to reach Swiss consumers.