In today’s headlines for Europe, the Middle East and Africa, Ericsson buys Vonage in a $ 6.2 billion deal and the UK leads the EU in boosting global growth in the HealthTech sector. Plus, why Dutch firm Booking.com has made payments a strategic priority, Polish consumers embrace open banking and buy now, pay later solutions (BNPL) and UK Finance calls for new open banking standards.
Ericsson buys Vonage in a $ 6.2 billion share deal
On Monday (November 22nd), information and communication technology platform Ericsson announced its plans to acquire cloud-based communications company Vonage for about $ 6.2 billion.
The move will help Ericsson expand its wireless enterprise globally and increase its market share in a business segment projected to be $ 700 billion by 2030.
The UK leads the EU in fostering global growth in the health technology sector
After prolonged blockages and widespread disruption to social services, people have sought alternative ways to access health services, leading to an increase in the use of technology and innovation in health care delivery.
One of the countries driving this growth is the United Kingdom, which has the second highest number of HealthTech companies receiving funding since 2016 (1,090), after the United States (6,551).
Why Booking.com has made payments a strategic priority
As you discuss new initiatives during a recent third quarter revenue call, Booking.comCEOGlenn Fogel told analysts that the company had made its new in-house payment-focused FinTech unit, along with its “Travel Connected” initiative two of the cornerstones of growth, as the travel industry pulls out of months of restrictions. related to the pandemic.
Polish consumers embrace open banking, BNPL solutions
Poland-based BLIK CEO Dariusz Mazurkiewicz tells PYMNTS that BNPL is a key part of the e-commerce business and that despite operating in a market where debit cards are more popular than credit, the mobile payment firm owned by the bank is working right by offering the solution sooner rather than later.
UK finance calls for new open banking standards
The UK needs to develop new open banking standards, according to a new report on open bank payments released by the UK Finance trade association.
There are now over 2.5 million bank payments open per month compared to just 320,000 throughout 2018, and the recommendations in the report will help support the development of more products and services for consumers, the group wrote.
Protests are heating up across Europe over renewed COVID restrictions
Protests are erupting across Europe as renewed COVID-19 restrictions and blockades are being implemented amid cases of virus escalation.
Demonstrations expressing opposition to the new restrictions have erupted in Brussels, Vienna, Rome and Amsterdam, among other places in Europe. Protests in Vienna erupted after Austria’s fourth national blockade, which took effect on Monday (November 22nd), demanding that workers work from home and that non-essential shops be closed.
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