uk

Revolut Revenues Jump 95% With Addition of 12 Million Customers

Revolut Revenues Jump 95% With Addition of 12 Million Customers
Revolut Revenues Jump 95% With Addition of 12 Million Customers
July 02, 2024  |  Banking

Revolut’s revenues jumped 95% last year as it continues to pursue a British banking license. The London-based FinTech released its 2023 annual report Tuesday (July...

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NatWest Expands Retail Banking with £2.5 Billion Sainsbury’s Acquisition
NatWest Expands Retail Banking with £2.5 Billion Sainsbury’s Acquisition
June 20, 2024  |  Partnerships

NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury’s, the second-largest grocer in the...

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UK Neobank Starling Profits Soar 55% for Third Year in the Black
UK Neobank Starling Profits Soar 55% for Third Year in the Black
June 12, 2024  |  Banking

Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing...

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UK Payments Regulator Won’t Delay Fraud Reimbursement Rules
UK Payments Regulator Won’t Delay Fraud Reimbursement Rules
June 10, 2024  |  Fraud Prevention

The UK’s payments regulator says new fraud reimbursement rules will proceed as planned. The Payment Systems Regulator told PYMNTS Monday (June 10) that it still...

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UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard
UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard
June 07, 2024  |  Legal & Regulation

Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings —...

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Sainsbury’s Brands Argos, Habitat, TU Add Klarna BNPL Options
Sainsbury’s Brands Argos, Habitat, TU Add Klarna BNPL Options
June 07, 2024  |  BNPL

Sainsbury’s is now offering shoppers in the United Kingdom the option of using Klarna’s buy now, pay later (BNPL) payment methods at the online checkouts...

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5 Things to Watch as Open Banking Gains Ground in the US
5 Things to Watch as Open Banking Gains Ground in the US
June 06, 2024  |  Legal & Regulation

Open banking’s success in the United States — as with any ecosystem — will hinge on several factors, none guaranteed. But, with lessons learned from...

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UK Neobank Starling Will Not Reapply for EU Banking License
UK Neobank Starling Will Not Reapply for EU Banking License
June 05, 2024  |  Banking

United Kingdom neobank Starling reportedly does not plan to reapply for a European Union banking license. Instead, the company will try to expand internationally via...

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