Research carried out by 3Gem for Amaiz, the business banking app, has revealed that 50% of small businesses have either become cashless or plan to as a result of Covid-19.  Of the rest, over 18% already only took card and just 21% of small businesses have no plans to go cashless. 

Klarna, the leading global payments and shopping provider, today released new data that tracks how UK consumer purchasing habits have evolved while under lockdown and as the COVID-19 outbreak continues.

The company, which is used by over 7 million shoppers and has over 5,000 retail partners in the UK, analysed all the transactions made through its retail partners to identify what product categories Gen Zers, Millennials, Gen Xers and Baby Boomers are shopping for most often using Klarna’s flexible payment options.  

QuadPay, the payment installment platform, is partnering with Stripe to power advanced buy-now-pay-later experiences that boost conversion and let consumers start shopping instantly both online and in-store. Built on Stripe’s issuing infrastructure, QuadPay enables consumers to start shopping in installments anywhere Visa is accepted and powers buy-now-pay-later experiences that boost sales by more than 20% on average.

FinTech companies and banks work together on a digital future

Most small and medium-sized enterprises (SMEs) in the UK suffer from delays in being paid.

Harbr, a private data ecosystem platform for enterprise data managers, today emerged from stealth. The Harbr platform enables organizations to rapidly exchange, monetize and collaborate on data and models with their customers, suppliers and partners.

Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced that TSYS, its Issuer Solutions business, has signed a long-term agreement with Truist Financial Corporation (NYSE: TFC), to process the bank’s consumer, commercial and small business credit card portfolios.

Temenos (SIX: TEMN), the banking software company, today announced that Enda Tamweel (Enda) has gone live with cloud-native, cloud-agnostic Temenos Transact, the next generation core banking product.

Paysafe, a leading specialized payments platform, has appointed Noah Sharp as Chief Banking Officer with global responsibility for leading and developing the company’s banking, payment partner and card network relationships.  Sharp, an experienced international corporate banker and specialist in Fintech banking and payments, is based in London and reports into Danny Chazonoff, Paysafe’s Chief Operating Officer.