Monzo Introduces Payment Reversal Option
Monzo customers may now have up to a minute to decide whether they want a transaction to proceed, thanks to the new payment reversal feature.
UK
From Cards to Direct Transfers: The A2A Payment Transformation in Europe and Beyond
The global payment landscape is rapidly changing driven by a seismic shift in popular transaction methods. A closer look at payment statistics reveals that account-to-account (A2A) transfers are ascending in importance. Its growing dominance among other payment types is especially evident in the European market.
GoCardless and Cloud Market Tools Integrate for Fully Automated Payment Collection
With the full integration of GoCardless within the Cloud Market Tools suite, MSP businesses can manage collections and reconciliations without leaving their routine billing system.
Cardstream and Mastercard to Advance Open Banking Payments in UK
The British fintech company Cardstream has announced the start of cooperation with Mastercard.
OakNorth Taps OpenAI Tech to Deliver AI-Led Digital Banking
OakNorth wants to embed custom-built GPT tools powered by OpenAI into the core of its digital banking platform that serves over 215,000 customers.
Revolut to Launch Mobile Plans Creating Competition for Traditional Network Providers
Revolut mobile plans stand out with their unlimited calls, texts and data offering complemented with an attractive roaming proposition.
Google Wallet to Facilitate Age and ID Verification
Google Wallet expands its functionality with ID passes for the UK market, and mobile IDs spreading to more U.S. states.
UK Introduces Draft Legislation for Crypto Industry
British regulators have come up with a draft legislation to bring some clarity and customer protection to the UK crypto sector.
Business Confidence in UK Holds Record High
UK businesses illustrate robust confidence levels with growth driven by optimistic retail firms.
Monzo Introduces Contents Insurance
A study by Monzo revealed that half of UK renters either lacked contents insurance or were unaware of its existence altogether.
FreeAgent Enables Tax Filing From Space
A unique use case for accounting software was delivered by FreeAgent that enabled a UK small business to submit the world’s first tax filing from space.
UK Capital Markets Are Evolving But Businesses Need to Boost Competitiveness: Report
In line with global trends, the structure of the UK capital markets is changing, while around 17,000 local companies strive to access the capital they lack to scale up operations.
UK Economy Starts to Emerge From Stagnation
The Prime Minister of the United Kingdom, Keir Starmer, came to power accompanied by pledges to take measures aimed at accelerating the growth of the country’s economic system, but as a result, the UK gross domestic product (GDP) demonstrated the opposite vector of its dynamic, however, the difficult state of affairs, which became reality instead […]
Lloyds Starts Virtual Card Partnership With Taulia
SAP-owned working capital management solutions provider Taulia has announced a partnership with Lloyds in the virtual card area.
UK Inflation Demonstrates Decline
Last month, inflation in the United Kingdom showed a moderate decrease to 2.8%.
FCA Intends to Retire Outdated Guidance to Streamline Regulation
In the United Kingdom, the Financial Conduct Authority (FCA) plans to retire more than 100 pages of outdated guidance, withdraw hundreds of supervisory publications, and take other actions to reduce the burden on businesses and improve outcomes for consumers.
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