Sections
United Kingdom
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2.8KRetailTesco Places Quantity Restrictions On eCommerce Orders
As shoppers stockpile items over the COVID-19 crisis, U.K. grocer Tesco will let shoppers order up to 80 items through the internet. The cap...
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1.9KRetailBritish Retailers Experience Strong Black Friday
Retailers in the U.K. enjoyed a strong Black Friday despite forecasts that the holiday would leave shopping malls empty. Barclaycard reported an...
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3.0KB2B PaymentsUK Reveals Late Payments Law Loophole
The U.K. is perhaps the most vocal market in the late B2B payments world, with regulators working to address delayed invoice payments,...
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2.5KBank RegulationUK Watchdog Orders Barclays To Improve SMB Treatment
The U.K.’s Competition and Markets Authority (CMA) is ordering Barclays to improve its treatment of small and medium-sized businesses (SMBs) after the...
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2.9KBitcoinCrypto Drug Dealers Get Jail Terms
After relying on the supposed anonymity of bitcoin, members of a ring that imported drugs into the United Kingdom with the help...
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5.1KGlobal PaymentsAnt’s Xiang Hu Bao Brings In 50M Users; Bristol Leads UK In Contactless Payments
Welcome to The Axis, your late look at payments news from around the world. Coverage includes a ranking that shows Bristol as the...
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5.1KRegulationDraft Guidelines Clarify GDPR Scope
As GDPR continues to take root, having an impact in Europe and beyond the confines of the continent, news came late last...
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4.7KGlobal PaymentsWestern Union Unveils UK High-Value Transfers; Gap Taps Adyen For European Payments
Welcome to The Axis, your look at payments news from around the world. Coverage includes The Western Union Company’s roll out of...
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6.0KRegulationUS Regulators Lead Pack In Penalties On Firms And Individuals
In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops...
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3.2KGlobal PaymentsWestern Union Expands Banco Monex Alliance, Volopa Unveils Contactless Multi-Currency Cards
Welcome to The Axis, your look at payments news from around the world. Coverage includes the expansion of the alliance between Western...
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4.6KPartnerships / AcquisitionsPayPal-iZettle Deal Probed By UK Regulators
As reported by the Financial Times on Friday (Sept. 21), the United Kingdom’s competition watchdog, the Competition and Markets Authority said, in...
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7.5KBitcoinBitcoin Daily: UK, China Issue Crypto-Related Warnings, Russian Police Seize 20 Crypto ATMS
U.K.’s financial services providers watchdog, the Financial Conduct Authority (FCA), has sent out a warning about three crypto-related firms that have been...
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3.6KEuropeUK Debt Advice Providers Lack Funding To Keep Up With Demand
As consumer debt levels in the U.K. are on the rise and debt collection groups are reportedly not paying voluntary contributions, providers...
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3.9KLegalGDPR Thins The Herd For Online And Mobile Advertising
Don’t cry for Facebook. Sure, the social media platform said it lost one million active users from Europe after the General Data...
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3.6KB2B PaymentsUK Government Urged To Break Up Financial Reporting Council
The U.K. government heard calls this week to break up its Financial Reporting Council (FRC), separating the body’s audit watchdog and corporate...
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12.8KSafety and SecurityUK To Fine Critical Companies With Weak Cybersecurity
Critical companies in the United Kingdom could face a hefty fine – up to £17 million ($24 million) – if they don’t...
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7.0KCashIn The UK, Cash And Contactless Are Vying To Stay On Top
British banknotes are practically royalty. According to research in the new PYMNTS Global Cash Index™ U.K. Analysis, physical currency is still king...
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8.7KCashNEW STUDY: Can Cash Keep Its £70 Billion British Crown?
When it comes to payment usage in the U.K., cash is as close to British royalty as payments get — and not just...
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3.7KToday In DataToday in Data: U.K. Lender Prodigy’s U.S. Expansion Funding
It can be argued that one of the highest costs to expanding professional careers is that of funding student loans. Post-primary schooling...
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6.4KVISAVisa Announces Plan To Open Two New Data Hubs
“Our mission is to be the best way to pay for everyone anywhere,” Visa’s Executive Vice President of Technology Rajat Taneja, told...
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3.8KBrexitContingency Plans Mulled Ahead of Brexit
Contingency plans seemed to be the name of the game in recent days as relates to Brexit, and as the Telegraph reported,...
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3.5KBankingIn Land Of Free Banking Apps, Red Ink And Investor Support Only Go So Far
Upstarts are trying to eat traditional banks’ lunch, especially in Europe. But the field is a crowded one, awash in red ink. Will...
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4.1KB2B PaymentsUK Government Recruits Big Banks For SME Trade Finance
As part of a broader effort to keep the economy strong post-Brexit, the United Kingdom has reportedly reached a deal with the...
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6.6KPayment MethodsOnline Purchases Rule The UK Commerce Arena
As the popularity of online shopping continues to rise, it comes as no surprise that there has also been an uptick in...
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5.2KInternationalThis Is Brexit? First U.K. Consumer Spending Drop In Four Years
The pound has been on a downward spiral since the Brexit referendum, and that inflation is reflected in lack of consumer spending....
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2.7KSecurity & FraudUK Government Renews Calls For Clampdown On End-To-End Encryption
The U.K. government, in the wake of the terrorist attack over the weekend, is increasing its calls for governments around the world...
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4.5KB2B PaymentsUK Endures Q1 Insolvency Spike
U.K. business insolvencies are up, according to new analysis from Hudson Weir. The London-based insolvency firm released the latest data this week...
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3.5KPartnerships / AcquisitionsFood Ordering Startup Delivery Hero Makes Second Acquisition In Six Months
Berlin-based Delivery Hero has made its second acquisition in six months, buying Kuwaiti rival Carriage for an undisclosed price. According to Business...
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3.3KInternationalBrexit Exodus Trickling Toward a Steady Stream?
The exodus fomented by Brexit may be quickening. As noted by sources including CNN Money, data shows that 117,000 individuals, who have...
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5.0KBrexitBrexit Tracker: Amazon UK Hiring, Tech Sector Downfalls, And The Bre-xodus Begins?
It can be hard to tell exactly how Brexit Britain is faring during this time of uncertainty – reports highlight that either...
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4.4KPayments As A ServiceGiving UK Hospitality A Reboot With Full-Service Payments
In a sea of small businesses, what does it take to stand out? For the January Payments as a Service Tracker™, PYMNTS...
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6.3KPayments As A ServicePayments as a Service Tracker: Beacon Of Hope For UK Merchants?
In a sea of small businesses, what does it take to stand out? For the January Payments as a Service Tracker™, PYMNTS...
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5.0KInternationalBrexit Leading To Bigger Grocery Bills In Britain
Supermarket prices rose about 1 percent in July in the United Kingdom, the second straight month prices have increased, which seems to suggest...
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7.7KInternationalUK And Korea Create FinTech Bridge
With FinTech startups exploding on the scene, U.K. and Korea want to make it easier for both companies to invest in the financial...
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4.2KInternationalIn UK, SMB Mistrust Of Alternative Payment Firms
A new study by Visa Europe finds traditional banks hold sway over tech-driven alternative payments providers — at least, for small business...
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5.1KInternationalKabbage Partners With Santander To Serve UK SMBs
Grupo Santander subsidiary Santander UK said on Monday (April 4) that it will license the Kabbage Platform in an effort to increase...
- 6.0KRegulation
The UK’s Payments Regulator Talks Innovation
It’s been almost a year since the United Kingdom ushered in a first of its kind: the launch of a Payment Systems...
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2.3KLoyalty & RewardsUK’s Largest Loyalty Program Goes Digital
Nectar, a longstanding loyalty program that allows customers to collect points from online retailers and brick-and-mortar retailers in the U.K., announced the...
