United Kingdom

Retail Brands Seek Compensation from Visa, Mastercard, Claiming High Fees

Retail Brands Seek Compensation from Visa, Mastercard, Claiming High Fees
Retail Brands Seek Compensation from Visa, Mastercard, Claiming High Fees
December 12, 2021  |  Credit Cards

Several big retail brands, including Levi, Superdry and AllSaints, are looking for compensation from Visa and Mastercard over the payment companies’ controversial transaction fees, a...

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UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
December 05, 2021  |  Credit Cards

With credit card interest rates at new highs, campaigners want there to be more caps on the rates, The Guardian writes. Get the Full Story...

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The Bank of London Opens Doors at $1B Valuation
The Bank of London Opens Doors at $1B Valuation
November 30, 2021  |  Banking

The Bank of London is opening its doors on Tuesday (Nov. 30) as a new financial institution that aims to serve as the first purpose-built...

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UK FinTech Thought Machine Raises $200M at $1B Valuation
UK FinTech Thought Machine Raises $200M at $1B Valuation
November 29, 2021  |  Investments

U.K. FinTech startup Thought Machine raised $200 million in a Series C funding round at a valuation estimated in excess of $1 billion to bring...

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Zip Debuts In-Store BNPL Payment Option in UK
Zip Debuts In-Store BNPL Payment Option in UK
November 29, 2021  |  BNPL

Shoppers are able to use Buy Now, Pay Later with Zip in the U.K. with new developments, a report says. Get the Full Story Complete...

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British Used Car Website Carzam Nets Almost $150M in Funding
British Used Car Website Carzam Nets Almost $150M in Funding
November 28, 2021  |  Investments

Carzam, the used car site, has raked in £112 million toward its business to keep selling used cars, a report from The Telegraph says. Get...

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UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
November 28, 2021  |  Taxes

U.K.-based crypto exchanges will now have to pay a new digital service tax after an update to the regulations for Her Majesty’s Revenue and Customs...

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Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose Millions in Taxes on Crypto Due to El Salvador Loophole
Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose...
November 28, 2021  |  Bitcoin

El Salvador’s move to make bitcoin a legal tender could end up causing problems at tax time elsewhere in the world, a report from The...

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