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UK consumers are missing important payments due to the antiquated payment solutions on offer to them, potentially damaging their long-term financial well-being, and limiting their choices when it comes to credit.
According to new research by Moneyhub’s Payments Division, three in ten (33%) UK consumers say they have missed a payment in the past year with 8.3% missing payments each month.
VOXI by Vodafone has expanded its partnership with Moneyhub, the award-winning top global fintech, to offer customers 12 months of free access to its financial wellness app.
With every holiday season, it becomes increasingly noticeable how spending trends are changing to become more digital. Such is the compulsion to buy online that in-store foot traffic, even under the twinkling festive lights, is no longer such a barometer of success.
FinTech Wales, the independent members association and champion of the Fintech and Financial Services industry in Wales, has welcomed Starling Bank as the latest organization to become a Partner to empower Wales as a globally recognized hub of fintech excellence.
World-leading biometrics company Fingerprint Cards AB (Fingerprints™) today announces the launch of Smart´Nroll, a simple and reusable enrollment device for biometric payment cards. Smart´Nroll enables end-users to easily and securely register their fingerprints on their payment card, in under a minute and at their own convenience, anywhere in the world.
Billink, the Netherlands-based Buy Now Pay Later (BNPL) solution trusted by 3 million shoppers, has raised €29.5 million from the German Varengold Bank. The payment provider will use the funding to expand its offering to the top 50 largest Benelux web shops, enter the German market, and further fuel its ambitions to make buying online fairer, for both consumers and web shops, by bringing the same level of assurance consumers have in offline transactions online.
Qover – a leading insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, which enables car manufacturers to provide digital insurance programs across Europe.
Pliant’s Series A financing reaches €33 million upon securing an extension to its original €25 million financing making it the largest Series A in Germany in 2023. In addition, Pliant secured a €100 million debt facility to fuel its own EMI license in 25 countries and 11 currencies.
Plum, the smart money app, has added a new Spend Tracker to help customers with their budgeting plans.
The Spend Tracker automatically categorizes all outgoings and shows them as a percentage of overall spending. By breaking their spending down, customers can see at a glance where their money is going each month and easily compare it with the previous month’s spending, to identify quickly where savings can be made.