Revolut, the Financial Super App with over 10 million customers in the UK and Europe, has today revealed figures highlighting a swell in charitable giving among UK consumers during the COVID-19 pandemic. The proprietary Revolut data has been gathered from 3 million UK Revolut customers, comparing stats from January and February 2020 to data since COVID-19 began to impact UK consumers from 1^st March 2020.

Donation amounts increase across all age groups

The Azerbaijani state-owned bank Azer Turk Bank has procured a TransLink.iQ solution for EFTPOS networks monitoring and managing, developed by Lithuanian company ASHBURN International. The company also provided the bank with the country's first payment terminals manufactured by Ingenico.

Capgemini and 

Yolt, the smart thinking money app, has today announced a new API connection with Nutmeg, the digital wealth and investment manager. The connection means that Yolt users with a Nutmeg investment account can now see their portfolios directly within the Yolt app, alongside their other current accounts, savings, credit cards, pensions, and other investments.

Yolt users can analyse all their transactions across their accounts, plan budgets, monitor bills, track their spending and even switch their household bills, all within the app.

Banks and other financial services organizations have been investing in big data for years. From purchasing data, to collecting it at various points along the customer journey, they have an overabundance of valuable customer and even employee information at their fingertips. Ideally, this would be used to optimize operations, analyze customer behavior and grow employee engagement, among other things.

From train seats to city roads, deep cleaning and sanitization has certainly taken on a whole new meaning in these uncertain times marred by Coronavirus! So much so, in fact, that even cash isn’t spared these necessary measures. An interesting example in this regard is China-the epicenter of the COVID-19 virus. As per reports, in mid of February 2020, the government had ordered banks to withdraw potentially infected cash from the markets and disinfect it using ultraviolet or heat treatment, store it for seven to 14 days and then re-issue the same in the market.

Getting paid online by a customer’s credit/debit card is as simple as getting paid by a bank transfer, and even faster. What – and, more importantly, who – is involved?

Emerging technologies such as artificial intelligence (AI) could play a key role in supporting retirees with the initial stage of equity release planning and help prepare them for conversations with an adviser, new research has suggested.

In this article I thought I’d explore the world of payments and the recent activities aimed at tackling the Covid-19 crisis. I’m not focussing on the pre-existing technologies and products that can be deployed to help, but rather the actions and decisions taken since the outbreak of the pandemic. I’m sure that I have captured only a small subset of what is being done, but it gives a flavour of the way that the payments world is reacting to fight Covid-19.

Avoiding the use of Cash