The long road to a unified EU payments market
The creation of a single European electronic payments market is possible, but may be five to ten years away. This was a broad conclusion of the Focus On Payments discussion organised by Luxembourg for Finance on 10 September. What barriers need to be overcome?
Airbnb moves EU payments base to Luxembourg
Airbnb will move the processing of all EU payments from the UK to Luxembourg as of 2020 because of Brexit.
The home rental platform opened a subsidiary in Luxembourg at the end of last year and was granted a payment institution license in the country last month.