One-Fourth of UK Payments are Contactless
During 2023, 18.3 billion contactless payments were made in the UK, with one-third of adults using mobile contactless payments at least once a month
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Revolut Gets Long-Awaited UK Banking License
Revolut startup, which operates in the fintech industry, on Thursday, July 25, announced the receipt of a banking license in the United Kingdom.
Revolut Reportedly to Hit $45 Billion Valuation After Share Sale
The media reports that Revolut is currently preparing for a share sale that would value it at $45 billion.
Revolut Reportedly Denies British Customers Reimbursement Requests
The media reports that Revolut refused to reimburse thousands of customers in the United Kingdom after how they were defrauded.
UK Wage Growth Demonstrates Slowdown
A slowdown in the rate of wage growth was recorded in the United Kingdom.
Ethos & Thought Machine to Launch a Shariah-Compliant Digital Financial Service
Thought Machine’s next-generation core banking platform, Vault Core, will power Ethos real-time Shariah-compliant financial solutions available on mobile devices.
Calastone Says UK Investors Buy $14.5 Billion of Stocks This Year
Data from the Calastone fund network shows that in the United Kingdom, investors added a record 11.4 billion pounds ($14.5 billion) to private equity funds in the first six months of the current year.
Revolut CEO Demonstrates Optimism About UK Bank License Approval
The head of Revolut, a financial technology industry giant based in the United Kingdom, Nikolay Storonsky, said he was optimistic about the prospects that this company would receive a banking license from the UK authorities.
UK GDP Demonstrates Growth
The economy of the United Kingdom left the territory of the materialization of the negative recession scenario ahead of the time that experts and analysts predicted.
Bank of England Keeps Interest Rates at 5.25%
Last Thursday, June 20, the Bank of England, during its regular meeting, decided to keep interest rates at 5.25%.
The Ultimate Guide to Understanding Bupa Private Health Insurance Plans
In today’s fast-paced world, taking care of your health is more important than ever, and having the right insurance coverage can provide peace of mind. Among the plethora of options available in the UK, Bupa stands out as a trusted and reliable choice for many individuals and families. Let’s dive into the world of Bupa […]
SumUp Partners Adyen to Speed Up Payouts for Global SMEs
SumUp and Adyen established a strategic partnership to provide small and micro merchants in Europe and the UK with faster access to their money and full control over their finances.
UK Inflation Falls to 2%
In May, the United Kingdom’s inflation rate fell back against the Bank of England’s 2% target for the first time in almost three years.
Fintech Zilch Taps Deutsche Bank to Raise £100 Million Debt
Fintech company Zilch Technology Ltd., which is based in the United Kingdom, raised 100 million pounds ($127 million) as part of the deal on securitized debt financing.
CuspAI Raises $30 Million
CuspAI, a company based in Cambridge, United Kingdom, was able to secure $30 million.
UK Unemployment Hits 2.5-Year High
In the United Kingdom, unemployment unexpectedly rose, reaching its highest level in more than two and a half years.
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