New data from Barclaycard Payments, which processes almost £1 in every £3 spent in the UK, reveals how Monday’s lockdown relaxation has impacted the UK hospitality sector.

As part of its Shop Owners Benefit Program, PayNearby, India’s leading branchless banking and digital payments network, has tied up with Centrum Microcredit Limited, the micro finance arm of the Centrum Group, to facilitate unsecured business loans to its retail partners. As part of the tie-up, loan requirements will be sourced through PayNearby’s vast network of retailers and will be disbursed by Centrum Microcredit Limited.

Banking technology platform provider BankiFi, in association with The Co-operative Bank, has launched a new Request to Pay (RTP) service: Incomeing. The service helps SMEs boost their cash flow by facilitating instant, cost-effective and secure collection of payments from their customers. The Co-operative Bank is the first UK provider to offer an open Request to Pay mobile application for not only its customers but also those that bank elsewhere.

Uncapped, a London-based startup changing the way online companies fund their growth and inventory costs, has today raised $80 million of debt and equity in a new funding round that will enable the company to move beyond lending by launching a suite of new banking services tailored to the needs of digital entrepreneurs. 

Frankfurt-based Blocksize Capital, a leading blockchain technology provider for financial institutions, has become the latest fintech to join Avaloq’s open banking marketplace.

IDnow, a German-based leader in platform-as-a-service identity verification, today announced the implementation of NFC reading capability into IDnow AutoIdent. This will offer users an even smoother and quicker verification process.

Phoebus Software Limited (PSL) has selected Six Degrees as the latest provider within the PSL Partnership Programme.  Six Degrees is a Microsoft Azure Expert Managed Services Provider that will strengthen PSL’s cloud capabilities and accelerate the provision of cloud native infrastructure to support PSL’s software applications. The partnership will increase PSL’s software application resilience and security, as well as improving performance and the overall client experience.

Gala Technology, the innovative development team behind the global, cloud-based, secure and PCI DSS compliant payment solution, SOTpay, are celebrating yet more industry accolades, as they scooped a double award win at the prestigious American, CNP 2021 awards.

Asia Alliance Bank, multi-awards winning bank – recently awarded “The Best Bank for SMEs in Uzbekistan” by Asiamoney, and one of the leading banks in Uzbekistan, has selected 

Attributable to Ronnie Wilson, Group Executive Vice President, Serviceware: