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Eurobank Expands Its Dominance In Cyprus, Acquiring 93.47% of Hellenic Bank

by THEFUTURE.TEAM

February 11, 2025

Eurobank Group has completed its acquisition of a further 37.5% stake in Hellenic Bank, elevating its total ownership to a commanding 93.47%. This move solidifies Eurobank’s position as the dominant force in Cyprus’s banking sector.

In conjunction with this acquisition, Eurobank has made a public offer to buy out the remaining shareholders of Hellenic Bank, signaling its intent to consolidate control.

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The deal represents a significant turning point for Hellenic Bank, as Eurobank takes over shares previously owned by Demetra Holdings Plc, Logicom, and the Cyprus Union of Bank Employees (ETYK). With this substantial stake, Eurobank has officially become the majority shareholder, marking the start of a new era for the bank.

This acquisition is seen as a boost for the Cypriot banking industry, promoting stability and fostering growth and innovation. It also emphasizes Cyprus’s growing appeal to international investors. Eurobank’s acquisition is set to make the combined entity the largest bank in Cyprus, enhancing its capacity to drive economic progress and financial development across the nation.

Now part of a larger regional financial powerhouse, Hellenic Bank is poised to benefit from Eurobank’s expertise and operational excellence. This partnership will not only improve service quality but also foster stronger customer relationships and drive a major digital transformation.

For both Hellenic Bank and its customers, this acquisition marks the start of an exciting new phase—one that promises enhanced banking experiences backed by Eurobank Group’s powerful resources and capabilities.

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Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM

August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

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Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.