Tap Happy: Almost Half of Transactions to Be Contactless by the End of 2022

• 2 years 8 months ago
• Payments, Money Transfers

The use of contactless payments is set to make up 47% of all UK payments between 2021-2022, and will be the most common type of transaction Contactless payments are up by nearly a third (30%) since the start of the pandemic, when chip & pin payments were still the most popular way to pay Between 2021 and 2022, cash payments will account for just over one tenth (11%) of all purchases

TotallyMoney Appoints Liz Afolabi as People Director

• 2 years 8 months ago
• Platform Technology, Money Transfers

TotallyMoney, the credit app built to help people move their money forwards and achieve their financial goals, is excited to announce the appointment of Liz Afolabi as its People Director. 

Peoples Payment Solutions Offers Access to Real-Time Payments with Interac e-Transfer® for Business

• 2 years 8 months ago
• Payments, Money Transfers

his increased functionality enhances the API set already supporting Interac e-Transfer Request Money for Fintechs and Paytechs.

PayNearby Partners with Visa and RBL Bank to Launch SoftPoS and mPOS

• 2 years 8 months ago
• Payments, Money Transfers, Banking

Aims to democratize digital payments and reduce cash transactions at the last mile by offering an all-inclusive payment acceptance infrastructure at retail touch points •  Transform everyday smartphones into merchant terminals (SoftPoS) at no additional cost •  Enable 2-in-1 Micro ATM devices, that double up as payment acceptance (mPOS) and cash withdrawal at very affordable pricing

BOSS Revolution Offers No-Fee Money Transfers and Special Calling Rates to Haiti After Destructive Earthquake

• 2 years 8 months ago
• Money Transfers, Cloud

BOSS Revolution, the international money remittance and calling service of IDT Corporation, today announced that it was prov

Almost 9 Million* People Never Check They are Getting the Best Deal on Regular Outgoings

• 2 years 8 months ago
• Money Transfers

Significant number of UK adults frequently missing out on best deals on their bills, by not comparing energy tariffs (18%), credit card deals (27%) or broadband offers (18%), as Yolt’s own proprietary user data1 demonstrates a significant rise in household spending One in five people (22%) are also ignoring bank statements, missing opportunities to reduce spending

Square, Inc. Announces Plans to Acquire Afterpay, Strengthening and Enabling Further Integration Between its Seller and Cash App Ecosystems

• 2 years 8 months ago
• Payments, Money Transfers

Brings together two of the fastest growing global fintech companies to advance shared mission of economic empowerment and financial inclusion

New Barclaycard Cashback Rewards Enables Cardholders to Earn Cashback from Their Favourite Retail Brands

• 2 years 9 months ago
• Transaction Banking, Money Transfers, Credit Cards

Barclaycard Visa credit cardholders can earn up to 15 per cent cashback at their favourite retailers online and in-store with the new Barclaycard Cashback Rewards The new rewards programme provides personalised offers at brands across retail, hospitality and leisure Cashback can be redeemed towards a credit card balance, traded up for an e-voucher, or donated to a customer’s preferred charity

8.7 Million UK Adults are ‘Financially Stretched’ Following Year of Pandemic Money Worries

• 2 years 9 months ago
• Money Transfers, Financial

17% of UK adults are ‘financially stretched’ – with 10% expecting to see themselves in fall into the same situation in the next 12 months Signs that people have become ‘stretched’ include seeing their personal income decrease (21%), having to borrow in order to pay an essential bill (10%) or being unable to pay it at all (7%) 7.9 million people (15%)2 experienced periods with no disposable income in the last year

MFS Africa Brings Mobile Money Remittances to Sierra Leone with Afrimoney Partnership

• 2 years 9 months ago
• Money Transfers, Mobile Banking

Pan-African fintech partners with Afrimoney, Africell’s mobile money service, to provide users with smooth and affordable international transfers  MFS Africa today announces that it has made its entry into Sierra Leone, partnering with Afrimoney, pan-African telecommunications leader Africell’s mobile money service, to enable mobile money users in the country to receive payments from abroad smoothly and affordably.  

Wise Lists on the London Stock Exchange

• 2 years 9 months ago
• Money Transfers, Cryptocurrencies

Internal ceremony reveals the £150 billion paid in hidden fees on foreign currency each year Wise releases independent research* revealing £150 billion is unknowingly spent in hidden fees on foreign currency transfers each year, to coincide with its direct listing on the London Stock Exchange today.

Return to Spender: 3.9 Million are Currently Spending More Than They Can Afford to ‘Make Up for Lost Time’ Following Lockdown

• 2 years 9 months ago
• Platform Technology, Money Transfers

New research2 from Yolt, the award-winning smart money app reveals today that over 3 million UK adults have been spending more than they can afford since lockdown restrictions recently began to ease. A further 18% anticipate that the national return to socialising will have a negative impact on their ability to manage their money well.

Yolt Reveals 1 in 7 Consumers Worry About Being Able To Afford Household Bills, Ahead of Changes to The Furlough Scheme

• 2 years 9 months ago
• Platform Technology, Money Transfers

Pauline van Brakel, Chief Product Officer at money app Yolt, comments: “The changes to the furlough

Virtual Card Transaction Values to Increase by 370% Globally in 5 Years

• 2 years 10 months ago
• Payments, Money Transfers, Credit Cards

EPC and equensWorldline Сontinue their Сooperation for the SEPA Proxy Lookup Service

• 2 years 10 months ago
• Payments, Money Transfers

equensWorldline SE, a subsidiary of Worldline and European leader in the payments and transactional services industry, and the European Payment Council (EPC) which manages the SEPA Proxy Lookup (SPL) scheme are extending their partnership to provide the central SPL service that supports the interoperability between existing European mobile Person-to-Person (P2P) payment services.