Moneyhub Launches New Savings Goals API ‘Recipe,’ Unlocking the Ability to Effortlessly Save for Life's Significant Moments
- 1 week 1 day ago
- Personal Finance
Moneyhub has launched a new API Recipe designed to help customers visualise and achieve their savings goals. The Savings Goals Recipe harnesses the power of Open Banking APIs to enable savings providers to give customers a leg-up in their journey to improve their financial situation.
Post-Holiday Returns, Chargebacks Could Undermine Record-Breaking 2024 Shopping Season
- 1 week 4 days ago
- Personal Finance
The 2024 holiday shopping season shattered records, with consumers spending $1.2 trillion online globally and $282 billion in the United States, according to a Salesforce report released Monday.
Over 9M People in the U.K. Expecting Christmas to Put Them into Debt This Year
- 4 weeks 1 day ago
- Personal Finance
Over nine million people across the UK are expecting to end up in debt due to the high cost of Christmas this year, according to research from responsible lender, Creditspring. The findings reveal that young people will be the worst hit – a quarter (25%) of those aged 18-34 say Christmas will put them into debt compared to 17% of the whole UK population.
U.K. Retail Spending Rises 2.3%, Visa Data Shows
- 4 weeks 1 day ago
- Personal Finance
Visa, a global leader in digital payments, today announced its first Retail Spend Monitor, from Visa Consulting & Analytics (VCA), which analyses holiday season retail spend for the 7-week period starting on November 1, 2024, across the U.K. The findings show overall holiday spend in the U.K. increased 2.3% year over year, in nominal terms.
Consumer Optimism Slips As Generational Divides Persist
- 1 month 5 days ago
- Personal Finance
Consumer optimism about household finances has fallen, according to data from TransUnion, a global information and insights company, released as part of its Q4 20
Checkout.com Shares Black Friday Cyber Monday Weekend Spending Insights
- 1 month 2 weeks ago
- Personal Finance
The latest transaction data from leading global digital payments company Checkout.com has found UK consumer spending during the Black Friday and Cyber Monday (BFCM) weekend surged during working hours. On Friday 29th November, spending peaked between 9am and 10am, and on Monday 2nd December, sales saw a spike at 10am.
Generation Duped: Younger Generations More Likely to Have Been Victims of Financial Fraud
- 1 month 3 weeks ago
- Personal Finance
Research from Moneyhub, the Open Banking data and payments platform, has revealed that younger generations are more likely to have been victims of financial fraud than older generations, who have traditionally been seen as the primary target. The research, which surveyed over 2000 people, brings into focus the extent and scale of the issue across the country and across the generations.
YouLend Data Shows UK SMEs Turn to Embedded Financing to Meet Capital Needs Ahead of Black Friday and Christmas
- 1 month 3 weeks ago
- Personal Finance
YouLend, the leading global embedded financing platform, reports today that a growing number of UK SMEs are turning to embedded financing to secure vital capital ahead of the most important sales period of the year—Black Friday and Christmas. YouLend data reveals a 30% surge in financing applications leading up to Black Friday in 2024, with ecommerce platforms being the main driver of this jump, illustrating the growing demand for flexible... more
As the Holiday Shopping Season Kicks Off, Charlie, Banking* for 62+ Americans, Launches CharlieSaver: The Most Comprehensive Source of Senior Discounts Nationwide
- 1 month 3 weeks ago
- Personal Finance
Just in time for the holiday shopping season, Charlie, banking* for 62+ Americans, launched
Millennials Most Likely to Fall Victim to Fraud as Consumers Set to Spend £28 Billion Over the Festive Period
- 1 month 3 weeks ago
- Personal Finance
Consumers and businesses are being warned to protect personal information amid a surge in identity theft during the Christmas period.
From Cash To Contactless: Understanding The Future Of Payment Habits Across The UK
- 2 months 1 day ago
- Personal Finance
New research from NatWest has revealed the continued fast pace of change in the payment behaviors of people across the UK.
Two-Thirds Of Brits Use Retail Credit To Pay For Christmas
- 2 months 2 days ago
- Personal Finance
Two-thirds of Brits have used or plan to use retail credit during the Christmas season. Moneyhub’s Christmas Retail Credit Report reveals that retail credit users spend an average of £1,012.55 over the holidays, with £759.71—nearly three-quarters—financed through retail credit. It also highlights how Open Banking can help lenders and retailers better serve customers and manage lending risks.
Cash Savings Grew By 6.2% Year-On-Year As Consumers Recalibrate Their Finances
- 2 months 2 days ago
- Personal Finance
The latest proprietary insight from Moneyhub, the market-leading data and payments platform, and their Financial Wellness Tracker reveals that consumer cash savings rose by 6.2% in the 12 months to October 2024.
Less Than A Third Of UK Adults Are Aware Of APP Scam Reimbursement Rules
- 2 months 4 days ago
- Personal Finance
Public awareness of new regulations that require UK banks to reimburse victims of payment scams remains critically low, weeks after their enforcement.
Young Adults Struggle With Financial Confidence and Understanding as Older Generations Lead the Way
- 2 months 1 week ago
- Personal Finance
New research from Pay.UK, owner and operator of the Current Account Switch Service, reveals a stark generational divide in financial confidence and knowledge across the UK.1 Younger generations, particularly Gen Z, reveal lower levels of financial competence, with only 26% able to correctly calculate compound interest and just 35% understanding how savings accounts work. In contrast, 47% of Baby Boomers were able to correctly calculate... more
