United Kingdom FinTech Monzo debuted a tool to help consumers share expenses with friends and family. Monzo Split is aimed at solving what the company said is a persistent problem in the U.K. Consumers lose money because they feel too awkward to ask to be...
Global payments platform Adyen and BNPL platform Affirm have extended their partnership into the U.K., a move designed to help British merchants offer consumers more flexible payment options. Under the expanded collaboration, Adyen’s merchant customers in the U.K. can now integrate Affirm’s installment payment services...
Revolut is reportedly hiring 100 new staffers as it prepares to expand its U.K. banking business. The FinTech received its long-awaited British banking license last summer — albeit with some restrictions — and has already begun building that side of its business, Francesca Carlesi, Revolut’s...
The head of the United Kingdom’s Payment Systems Regulator (PSR) reportedly said Wednesday (March 12) that he had been aware since January that the regulator could be abolished, as Prime Minister Keir Starmer said Tuesday (March 11) that it will be. PSR Interim Managing Director David Geale told a...
December 02, 2024
In recent years, digital wallets have become an essential tool for making online payments, but their uses are quickly expanding. In the U.K., nearly half of consumers (44%) expect to continue using digital wallets in the next three years, with Gen Z and millennials leading the charge. According to a PYMNTS Intelligence report, “Digital Wallets […]
September 26, 2024
What is necessary for organizational success isn’t always easy. And as the U.K. National Health Service’s (NHS) recent 2.5 billion pound procurement request for its Digital Workplace Solutions 2 mega-framework shows,...
September 03, 2024
Digitization over the past decade-plus has transformed the back office with next-generation software solutions. But it’s not just the back office; innovations like digital wallets have been transforming the proverbial...
July 25, 2024
In the United Kingdom, digital wallets are not just tools for online payments; they are rapidly evolving into versatile companions for everyday tasks and transactions. A recent PYMNTS Intelligence Report,...
March 25, 2025
The United Kingdom’s Financial Conduct Authority plans to retire more than 100 pages of outdated guidance, withdraw hundreds of supervisory publications and take other steps to reduce burdens on businesses and improve outcomes for consumers. The regulator proposed these steps after receiving feedback from industry and others in response to a Call for Input it […]
March 24, 2025
United Kingdom FinTech Monzo debuted a tool to help consumers share expenses with friends and family. Monzo Split is aimed at solving what the company said is a persistent problem...
March 20, 2025
Global payments platform Adyen and BNPL platform Affirm have extended their partnership into the U.K., a move designed to help British merchants offer consumers more flexible payment options. Under the...
March 13, 2025
Revolut is reportedly hiring 100 new staffers as it prepares to expand its U.K. banking business. The FinTech received its long-awaited British banking license last summer — albeit with some...
