The CAPE - Centre des Arts Pluriels Ettelbrück is hosting the third edition of its A CAPE'lla Festival. Delano has 2 festival passes to give away.
The A CAPE'lla festival showcases the art of a capp...
The short-term home rental site Airbnb will start routing EU payments through its Luxembourg unit beginning next year.
Payments between European renters and landlords have been handled out of Airbnb’s UK subsidiary, but the company is making the shift ahead of Brexit.
“The company opened a subsidiary in Luxembourg at the end of last year and has now been granted a payment institution license in the country,” Luxembourg for Finance, a state-backed promotion agency, said in a press release on 4 December.
Airbnb stated in the announcement:
“We chose Luxembourg in a post-Brexit context, for its central location, because it is a major financial center and because many payment services are established there. Everybody in Luxembourg is familiar with the complexity of payments in the e-commerce sector.”
The news was first reported by Delano’s sister publication, Paperjam, on Tuesday.
Paperjam said that Airbnb will continue to run separate payment operations in the US, UK (for British transactions), India and China.