31 Aug 22 @ 16:13

Credit card borrowing in the UK has grown at its fastest pace since 2005 in the 12 months to July, Bank of England data has shown. The news further extends... read more

31 Aug 22 @ 12:02

If you are betting big on BNPL, please make sure you read this and try to understand that the winds of the economy are turning…losses at Klarna quadrupled in a... read more

30 Aug 22 @ 18:10

A new report has found that the UK public strongly supports government plans to create the UK Digital Identity and Attributes Trust Framework (DIATF), with 87% stating it was a... read more

30 Aug 22 @ 16:41

ING has announced, following the closure of the Yolt cashbook app last year, to phase out its Yolt business-to-business Open Banking activities as well. This was reported by the bank... read more

30 Aug 22 @ 15:21

Citibank has been forced to shut down its consumer and local commercial banking operations in Russia after it proved impossible to find a buyer for the businesses. The bank announced... read more

26 Aug 22 @ 15:54

Visa says it has issued over 4 billion network tokens worldwide through its security technology Visa Token Service (VTS), outpacing the total number of its physical cards in circulation. Visa... read more

26 Aug 22 @ 15:23

Just days after posting stellar results, BLIK, the Polish mobile payment system operator, has signed a 100% purchase agreement of shares in the Slovak company VIAMO – a provider of... read more

26 Aug 22 @ 12:52

Faster Payments and mobile banking remain popular in the UK in 2021, with 86% of all UK adults using at least one form of remote banking during 2021 (online banking... read more

25 Aug 22 @ 16:08

HSBC UK has launched sweeping Variable Recurring Payments (VRPs) to its personal and business customers that participate in or wish to use Open Banking services. VRP allows businesses and consumers... read more

25 Aug 22 @ 13:24

Visa and Mastercard have both cited fraud as the primary reason for their respective increase in interchange fees between the UK and the EU after Brexit. Both companies face a... read more

25 Aug 22 @ 10:32

Just months after the Central Bank of India (RBI) lifted its card issuing ban on Mastercard, it has now lifted the same ban on American Express allowing it to start... read more

24 Aug 22 @ 16:37

Embedded finance sounds like a win-win for everyone. A consumer selects a product, clicks on the selection and – thanks to being pre-authorised – they’ve already paid. Likewise, a customer... read more

24 Aug 22 @ 13:17

In the last couple of years the global Covid-19 pandemic and associated lockdowns have led to significant changes in patterns of the UK payments market. Lockdowns resulted in large sections... read more

23 Aug 22 @ 15:31

Request to Pay (R2P) is a hot industry buzzword. While still in its infancy, Request to Pay promises greater control and faster settlement for consumers and businesses alike. Payments Cards... read more

23 Aug 22 @ 14:23

A new study has found the global number of NFT (Non-fungible Token) transactions will rise from 24 million in 2022 to 40 million by 2027. This is based on a... read more

23 Aug 22 @ 09:19

The New York State Department of Financial Services (DFS) has issued a new Regulatory Guidance, setting foundational criteria for USD backed stablecoins used by DFS-regulated entities. This represents the first US... read more

22 Aug 22 @ 13:53

2022 has been a tumultuous year for cryptocurrency markets, with significant price declines across all currencies in May and June. While there’s no telling if we’ve reached the bottom, as... read more

22 Aug 22 @ 12:30

In August 2020, Citibank mistakenly used its own money to repay a $900 million term loan it administered on behalf of Revlon that was held by multiple asset management groups.... read more