New research from Moneyhub has shed light on a concerning trend emerging in the UK; a significant number of Brits are increasingly resorting to payday loans in order to manage their day-to-day expenses.

These findings have revealed that in the past six months, more individuals have applied for payday loans (18%) than mortgages (10%), highlighting the precarious financial situation faced by many.

Experian and Virgin Money today announced a strategic partnership to enhance Virgin Money’s digital customer experience by leveraging its suite of cloud-based technology. The partnership will see Virgin Money use Experian’s full breadth of services including credit and lending, fraud prevention, analytics, governance, and compliance as well as marketing services across all their product lines.

Moneyhub, the market-leading data and payments platform is pleased to announce that Anne de Kerckhove will join the Company’s Board as Chair.

Anne is an experienced international executive with over 20 years leading some of the fastest-growing and scaling B2B and B2C technology, data, media, e-commerce and entertainment companies in Europe. She also has extensive Non-Executive Director experience of publicly quoted and private companies.

Paymentology the leading next-gen global issuer-processor, today announces its partnership with Mama Money, one of Africa’s leading cross-border money transfer operators, and Access Bank, to launch a pioneering new bank card service that stands out for its innovative use of WhatsApp banking.  

According to new data released today ahead of the upcoming general election, more than a third of young adults in the UK believe crypto is an important electoral issue.

Research commissioned by Zumo, the B2B digital assets infrastructure, and conducted by Focaldata reveals 34% of both 18-24 and 25-34 year-olds think the growth of the crypto industry should be front of mind for the country’s politicians.

Pyypl (pronounced “People”) - a pioneering fintech company in the Middle East and Africa (MEA) - announces its Principal Licence Membership and strategic framework agreement with Visa.

The partnership with Visa is a testament to Pyypl’s mission to democratise access to financial services, its innovative business model and the large market opportunity – as well as highlighting Visa’s trust in Pyypl to accelerate financial inclusion. 

Shieldpay, the payments partner for the legal sector, is working with KPMG Law UK (part of KPMG LLP) to provide payments services for its high value, complex client transactions.

It’s no longer the high street but the digital world that determines banking success, with the battle between traditional banks and neobanks driving the latest innovations in customer-focused finance. As the dust settles on pandemic disruption, what do banks need to know about the state of the UK mobile banking market and the opportunities that lie ahead?

The Awakening of Traditional Banks

Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by leading online prepaid payment firm Recharge. 

The speed of money flow is crucial in the payments sector. It supports fast and prosperous businesses. Thom Ruiter, who leads Banking and Financial products at Adyen, talks about what drove Adyen to become a bank in the UK - and gives a glimpse into the fintech’s next steps.