uk

BOE Official: Crypto Firms May Rival Amazon, eBay

BOE Official: Crypto Firms May Rival Amazon, eBay
BOE Official: Crypto Firms May Rival Amazon, eBay
June 22, 2022  |  Cryptocurrency

Bank of England Deputy Governor Jon Cunliffe has said the survivors of this rout in crypto could be leaders of the future — possibly rivaling...

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UK Open Banking Users Top 6 Million
UK Open Banking Users Top 6 Million
June 22, 2022  |  Banking

More than 6 million individuals and businesses in the United Kingdom regularly use open banking services, the U.K.’s Open Banking Implementation Entity (OBIE) announced in...

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Tether’s GBPT Sets Stage for Stable Crypto-Cable
Tether’s GBPT Sets Stage for Stable Crypto-Cable
June 22, 2022  |  Cryptocurrency

Following Wednesday’s (June 22) news that Tether, the world’s largest stablecoin issuer, is set to launch a new cryptocurrency pegged to the pound, businesses and...

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UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
June 21, 2022  |  Economy

The Bank of England recently raised the key interest rate from 1% to 1.25%, and with the bank’s governor warning Britons that more hikes may...

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UK Payment Systems Regulator to Review Visa, Mastercard Fees
UK Payment Systems Regulator to Review Visa, Mastercard Fees
June 21, 2022  |  Credit Cards

On Tuesday (June 21), the U.K.’s Payment Systems Regulator (PSR) detailed plans for two market reviews it will carry out focusing on card fees. One...

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Discount Clothing Retailer Primark Makes Move to eCommerce
Discount Clothing Retailer Primark Makes Move to eCommerce
June 20, 2022  |  Retail

Primark will be venturing into online shopping with a new “click and collect” feature for children’s products as it looks into moving away from strictly...

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UK InsurTech Startup Instanda Raises $45M
UK InsurTech Startup Instanda Raises $45M
June 20, 2022  |  Insurance

Instanda, provider of a “no-code core insurance platform,” Monday (June 20) announced it raised $45 million in a Series B funding round that was led...

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UK Pledges to Change 50-Year-Old Consumer Credit Law
UK Pledges to Change 50-Year-Old Consumer Credit Law
June 17, 2022  |  Cross-border Payments

The United Kingdom government has announced plans to reform the Consumer Credit Act, which regulates credit card purchases and personal loans. The proposed overhaul aims...

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