Integrating online features and in-store shopping is reshaping the shopping experience in the U.K. However, more than one-quarter of U.K. merchants don’t offer the digital shopping features customers want. Even worse, one-third of these consumers faced challenges when looking for the features they most desired...
Boohoo Group saw its shares fall Tuesday (Oct. 3) as it revised its earnings and revenue forecasts. The U.K.-based fast-fashion retailer’s strategy of lowering prices to attract cash-strapped shoppers has resulted in a decline in revenue, Bloomberg reported Tuesday. Boohoo Group revised its full-year sales forecast Tuesday, anticipating...
The British government has seen a spike in the value of fraudulent COVID emergency loans. Figures released Thursday (Sept. 14) by the Department for Business and Trade showed the value of those loans rising by 572 million pounds. According to the report, the department identified 1.69 billion pounds ($2.11...
At first glance the latest open banking stats coming out of the U.K. might hint at a seismic shift in payments across the pond. And would signal that open banking might be a proverbial slam dunk in the U.S. But dig a little deeper and...
March 07, 2023
Increased British adoption of open banking this year may be making headlines after the announcement of a new regulator focusing on the space — but this surge may have been made possible by the country’s high digital engagement. Surveying more than 30,000 consumers across 11 countries, PYMNTS’ December ConnectedEconomy™ Index, “How the World Does Digital,” is […]
August 10, 2022
Britain’s cost of living crisis is at an all-time high as millions of households fall behind payments and struggle to make ends meet. According to Neil Kadagathur, CEO at U.K....
June 09, 2022
“We’re in a very dangerous phase,” said Starling Bank CEO Anne Boden in a session at the ongoing Money2020 Europe conference in Amsterdam when describing the heightened exposure to fraud...
December 24, 2021
This Christmas, the U.K.’s Financial Conduct Authority (FCA) is taking the fight against fraud to a whole new musical level. Earlier this month, the financial watchdog announced in a statement...
October 03, 2023
Boohoo Group saw its shares fall Tuesday (Oct. 3) as it revised its earnings and revenue forecasts. The U.K.-based fast-fashion retailer’s strategy of lowering prices to attract cash-strapped shoppers has resulted in a decline in revenue, Bloomberg reported Tuesday. Boohoo Group revised its full-year sales forecast Tuesday, anticipating a drop of 12% to 17%, the company said in […]
September 14, 2023
The British government has seen a spike in the value of fraudulent COVID emergency loans. Figures released Thursday (Sept. 14) by the Department for Business and Trade showed the value of those loans rising...
July 20, 2023
Apple has reportedly taken a tough stance against the British government’s proposed updates to the Investigatory Powers Act (IPA) 2016. The tech giant has said it will remove its messaging services...
March 14, 2023
Binance is halting cryptocurrency withdrawals and deposits for its British customers. The move comes one month after the company temporarily suspended dollar trading, and marks the it’s the latest setback...
