There’s little doubt that the youngest generations of consumers are transforming the shopping experience. As millennials move into the mainstream and Gen Z enters adulthood, these digital and social natives are not only exhibiting new shopping behavior, but they’re also shifting how brands interact with their consumers. And this is apparent in the way top brands are changing their approach…
The world’s largest payment card issuer, China UnionPay, is reportedly planning to enter the European market in a move that could cause serious competition for Visa and Mastercard. According to the Financial Times, the Chinese payments provider is planning to issue branded cards in the UK in October followed by similar moves in other European markets in December.
While UnionPay has…
Geo-blocking is a discriminatory practice that prevents online customers from accessing and purchasing products or services from a website based in another member state. In order to remove this barrier, the EU is putting in place a geo-blocking regulation.
On 27 February 2018, the Council adopted the regulation to ban unjustified geo-blocking in the internal market.
“The end of geo-blocking means wider choice, better deals for consumers…
Criminals cashing in on digital payment trends and the rise of cryptocurrencies can expect stiffer jail sentences under new rules approved by a powerful European Parliament committee.
The Civil Liberties Committee passed plans to combat fraud and counterfeiting of non-cash means of payment such as cards, electronic wallets, mobile payments and virtual currencies in an effort to remove gaps in national…
Recently, and in addition to the new Belgian privacy law, the law establishing the Information Security Committee has also been published in the Belgian Official Gazette. This is the next step Belgium is taking in the context of the implementation of privacy legislation after the law establishing the DPA (Data Protection Authority). 1. What does the Belgian law bring?
The new privacy…
Companies can determine whether they should invest in blockchain by focusing on specific use cases and their market position. Speculation on the value of blockchain is rife, with Bitcoin—the first and most infamous application of blockchain—grabbing headlines for its rocketing price and volatility. That the focus of blockchain is wrapped up with Bitcoin is not surprising given that its market value…
On 6 February MEPs agreed on a regulation to end geo-blocking and country redirects in the EU. The change will enter into force by December 3, 2018. Retailers will be obliged to give people access to goods and services on the same terms across the whole EU, wherever they may be connecting from.
How will it affect (cross-border) ecommerce in Europe and…