Lydia — a French P2P payments start-up — has grabbed $7.8 million for expansion in other European countries. The service is designed to allow fee-free transfers between friends via mobile. Thus far Lydia has been limited to in-country use only — “French Venmo,” as the service is...
Seventy-five percent of British bosses are debating whether to shuffle their companies out of the country. That’s according to a survey of 100 U.K. chief executives, published by KPMG today (Sept. 26). This comes after the June 23 “Brexit” vote, stirring uncertainty. Eighty-six percent of...
The impact of the U.K.’s historic vote to leave the European Union on the U.K. economy is still anyone’s guess, but U.K. importers are already feeling the pain. That’s according to Covercy, a cross-border business payments service, which said in a press release on Friday (Sept....
London has long been one of the world’s biggest financial services cities, and in the post-EU era, that status has only become more cemented as the U.K. capitol also became the logical starting point for any number of firms looking to do business in the...
After five years of development, the Bank of England will be crossing a major milestone today (Sept. 13) when it comes to U.K. currency. Starting today, U.K. citizens will be getting their hands on the first polymer £5 notes issued by the Bank of England....
The first six months of 2016 have not been good for U.K. payday lenders’ relationships with their client base — complaints have gone up markedly since the beginning of the year. Britain’s financial ombudsman confirmed these figures earlier today (Sept. 6). The Financial Ombudsman Service (FOS) is...
After a revenue-doubling first half of 2016, Paysafe is launching a new digital wallet product that will help firms sell items like pharmaceuticals, alcohol and fresh groceries. Paysafe made its initial appearance on the FTSE earlier this year – and has seen its sales grow...
Despite their very best efforts with ever more enticing inducements – banks in the United Kingdom just don’t quite seem to be able to steal each other’s customers. Both fortunately and unfortunately for U.K. bankers, consumers are increasingly satisfied with their current bank of choice...
Square, the payments company run by Jack Dorsey, Twitter’s CEO, could be gearing up to expand into Europe. Earlier on Monday (July 19), registration documents filed in Britain showed Square is incorporating a business named Squareup Europe Ltd. Those documents imply the company could be...