Tag: UK
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PayPal launches a new solution for SMEs in the UK
PayPal has announced the launch of a new solution designed specifically for Small and Medium-sized Enterprises (SMEs) in the UK. The solution aims to help SMEs streamline their payment processes and grow their businesses. Key Features of the New Solution Fast and Secure Payments: The new solution from PayPal ensures that SMEs can receive payments…
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UK grants law enforcement expanded powers over crypto assets
The United Kingdom has recently passed legislation that grants law enforcement agencies expanded powers over crypto assets. This move comes as part of a larger effort to combat financial crime and money laundering activities that often involve the use of cryptocurrencies. Under the new regulations, UK authorities will have the ability to seize and forfeit…
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Clear Junction joins UK Cryptoasset Business Council
Clear Junction, a leading London-based payment infrastructure provider, has announced its membership in the UK Cryptoasset Business Council. The Council, established by the trade association CryptoUK, aims to champion best practices in the cryptoasset industry and foster collaboration between businesses, regulators, and policymakers. As a member of the UK Cryptoasset Business Council, Clear Junction…
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Volt obtains EMI licence in the UK
London-based fintech company Volt has recently announced that it has obtained an Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA) in the UK. This milestone achievement allows Volt to offer a wider range of financial services to its customers, including the issuance of electronic money, payment services, and other related activities. With…
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CFIT offers recommendations on UK Open Finance
The Consumer Financial Data Right (CFDR) Implementation Trust (CFIT) has recently offered recommendations on the implementation of UK Open Finance. Open Finance is an initiative aimed at giving consumers greater control over their financial data and enabling them to securely share this data with third-party providers. CFIT has recommended that the UK government should establish…
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Enfuce secures an EMI licence in the UK
Enfuce, a leading fintech company based in Finland, has recently announced that it has secured an EMI licence in the UK. This marks a significant milestone for the company as it continues to expand its presence in the European market. An EMI licence, which stands for Electronic Money Institution licence, allows companies like Enfuce to…
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OANDA launches crypto trading platform in the UK
Leading global Forex broker OANDA has recently announced the launch of its new crypto trading platform in the UK. This move comes as a response to the increasing demand for cryptocurrency trading among UK investors and aims to provide them with a reliable and secure platform to trade digital assets. The new platform will offer…
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Mollie Capital goes live in the UK
Mollie Capital Goes Live in the UK Exciting news for businesses in the UK as Mollie Capital, a leading fintech company, has officially launched its services in the country. Mollie Capital offers innovative financial solutions for businesses looking to grow and expand. With their easy-to-use platform and competitive rates, businesses can now access a range…
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Radial partners Pay by Bank for UK ecommerce
In a major development for the UK ecommerce industry, Radial has announced a partnership with Pay by Bank, offering a hassle-free payment solution for online shoppers. Radial, a leading global provider of omnichannel technology and operations, aims to enhance the shopping experience for consumers by providing secure and efficient payment…
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Revolut ventures into telecom: introduces phone plans in the UK
Revolut Ventures into Telecom: Introduces Phone Plans in the UK Revolut, the popular financial technology company known for its digital banking and money transfer services, announced its expansion into the telecom industry with the launch of phone plans in the United Kingdom. This move comes as no surprise, considering Revolut’s history of disruptive innovations in…
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NatWest gets accepted onto new UK Open Banking DPS
NatWest, one of the largest retail and commercial banks in the UK, has been accepted onto the new UK Open Banking Dedicated Payments Systems (DPS). This marks a significant milestone for the bank in embracing the open banking revolution. Open Banking is an initiative aimed at increasing competition and innovation in financial services by allowing…
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bunq to expand in the UK
bunq to Expand in the UK London, United Kingdom – In an exciting announcement, Dutch fintech company bunq has revealed its plans to expand its operations in the United Kingdom. This move marks another milestone in bunq’s global expansion strategy and aims to provide innovative financial services to British consumers and businesses. About bunq …
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UK partners with Japan for cybersecurity
The United Kingdom and Japan have joined forces in a ground-breaking collaboration to enhance global cybersecurity efforts. With the ever-increasing threat of cyber attacks, this partnership is aimed at strengthening defenses and sharing expertise to combat the growing challenge. “Cybersecurity is a critical issue that requires international cooperation. By working together, the UK and Japan…
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Payhawk secures EMI licence in the UK
London, United Kingdom – Payhawk, a leading fintech company offering a next-generation all-in-one finance solution, announced today that it has been granted an Electronic Money Institution (EMI) licence by the Financial Conduct Authority (FCA) in the United Kingdom. This EMI licence enables Payhawk to provide enhanced financial services to businesses and clients within the UK…
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Emirates Islamic launches QuickRemit in the UK
Dubai-based Emirates Islamic, one of the leading Islamic financial institutions, has announced the introduction of its innovative money transfer service, QuickRemit, in the United Kingdom. The QuickRemit service aims to provide a faster, more convenient, and secure way for customers to transfer money internationally. With this launch in the UK, Emirates Islamic customers residing in…
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Study on the UK’s BNPL shows repayment fees trend for one-quarter of users
Introduction A recent study conducted on the Buy Now Pay Later (BNPL) trend in the United Kingdom has revealed concerning findings regarding repayment fees. The study focused on users of BNPL services and found that approximately one-quarter of users faced repayment fees during their experience with BNPL schemes. The Rise of BNPL Buy Now Pay…
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UK and Switzerland form important financial deal post-Brexit
The United Kingdom and Switzerland have recently joined hands in an essential financial deal, marking a significant step toward solidifying their economic relationship in the post-Brexit era. The strategic agreement underlines the importance of maintaining a robust partnership and fostering stability in the face of changing global dynamics. The historic decision between the two nations…
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PSR bolsters UK consumer protection against APP fraud
The Payment Systems Regulator (PSR) in the UK has recently implemented new measures to further safeguard consumers against Authorized Push Payment (APP) fraud. PSR’s initiative aims to provide better protection to consumers from fraudulent activities during financial transactions. Authorized Push Payment fraud, often referred to as APP fraud, involves tricking individuals into authorizing…
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Revolut plans to suspend some of its UK crypto services
Revolut Crypto Services In a recent announcement, digital banking platform Revolut revealed its plans to temporarily suspend some of its cryptocurrency services for UK-based customers. The decision comes as the company faces increasing scrutiny from regulators who are concerned about potential risks associated with crypto investments. The move will impact services such as crypto withdrawals…
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Regtech Salv raises EUR 3.9 mln to combat APP fraud in the UK
APP (Authorised Push Payment) fraud has been a persistent problem in the UK, causing significant financial losses for individuals and businesses. However, the fight against this type of fraud has received a significant boost with London-based regulatory technology (Regtech) company Salv successfully raising EUR 3.9 million in funding. Salv is on a mission to combat…