Mastercard Recovery Insights: E-commerce a Covid Lifeline for Retailers with Additional $900 Billion Spent Online Globally
- 3 years 7 months ago
- Covid-19, E-Commerce, e-Payments
As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900 billion being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce made up roughly £1.50 out of every £5 spent on retail, up from about £1 out of every £5 spent in 2019.1
30% of Brits Better Off Than a Year Ago With Those Over 65 The Most Financially Secure - Research Reveals
A Toluna survey on the impact of Covid-19 on savings. The survey questioned 994 adults in the UK. KEY FINDINGS A third of Brits are better off than they were since the pandemic began - but those with more money are far more likely to be over 65.
£50m Small Business Fund Launched to Help Businesses Recover Post-Covid
One of the UK’s top alternative SME fintech lenders has announced a new £50 million Small Business Fund, which has been created to support SMEs that require additional finance to kickstart their recovery. Capify, which has provided finance to thousands of small and medium-sized businesses for more than a decade, will now offer business funding of up to £1m specifically to help the UK’s small businesses post-Covid.
Lockdown Legacies: The 10 Shifts in Consumer Behaviour for Retailers to be Aware of
Exactly a year after the first national lockdown, new research from Barclaycard Payments, which processes nearly £1 in every £3 spent in the UK, reveals the 10 biggest shifts in consumer behaviour which have emerged as a result of the pandemic, and are set to outlive it*.
Sophisticated ATM Software Transforming Self-Service Space
Banks are looking for greater flexibility and functionality to enhance the customer experience at their ATMs and advanced software is helping them get there
Xero Celebrates the Award Winning UK & Irish Accountants, Bookkeepers and App Partners Supporting Small Businesses Through COVID-19
- 3 years 8 months ago
- Covid-19, Accounting
Xero accounting and bookkeeping practices and app partners across the UK and Ireland were honoured at the annual Xero awards. Hosted by Gary Turner, Xero UK & EMEA Managing Director and comedian Henry Paker in an online ceremony, the awards showcased the achievements of those supporting small businesses through one of the toughest years.
PayPal Is The Largest Non-bank Lender With Over $54B In Total Assets
Non-bank lenders have become a popular alternative to traditional banks when it comes to acquiring loans. According to data presented by TradingPlatforms.com, PayPal is the largest non-bank lender in the world with $54.27B in total assets.
PayPoint Helps Family Fund Business Services Meet Soaring Need for Cash Pay Outs During Pandemic
Family Fund Business Services has met its ambition to deliver digital payment services to its local authority clients, with the help of PayPoint and its innovative cash voucher solution, Cash Out. Over £7.5 million of much needed cash was quickly and easily released to local authorities and their beneficiaries during 2020, as a result of the collaboration between the two organisations.
Valtatech Launches Free Self-Assessment Tool to Help Improve Business Resiliency Post COVID-19
Financial process automation experts, Valta Technology Group (Valtatech), today launches a new self-assessment tool to help enterprise organisations improve their business resiliency and reduce negotiable spend during the COVID-19 Pandemic.
Time for Biometric Security on Contactless Cards: New Research From TietoEVRY Reveals UK Consumers' Contactless Concerns
New market research from leading digital services and software company TietoEVRY shows that UK and European consumers are concerned about infection risk when paying in-store, with worries about theft and fraud growing as contactless limits rise. In a new white paper TietoEVRY argues that now’s the time to introduce biometric security on contactless cards.
Commercial Card Spending Will See Strong Recovery Post-COVID-19
Despite being hit hard by travel restrictions in 2020, the long-term future for the commercial card sector is bright, with spending forecast to hit new highs by 2022 More than half of commercial card expenditure is on charge cards European commercial card spending rose by 11% in 2019 to €366 billion and accounted for 8% of the total value of card payments according to RBR’s 19-country Commercial Cards in Europe 2021 study.
Wolters Kluwer’s Steven Meirink Named FinTech Senior Leader of The Year
- 3 years 9 months ago
- Covid-19, Payments, Compliance
Steven Meirink, Executive Vice President and General Manager of Wolters Kluwer Compliance Solutions, has been named recipient of Finance Monthly’s FinTech Senior Leader Award.
GBG and InnoValor Team Up to Tackle Fraud in Digital Surge from COVID
- 3 years 9 months ago
- Covid-19, Fraud Detection
GBG, the global specialist in identity data intelligence, has announced an enhanced partnership with leading Near-Field Communication (NFC) technology provider InnoValor, to implement their patented ReadID technology into GBG’s suite of identity verification and fraud prevention tools.
NatWest Launches Grant Finder Service for SMEs in Partnership with Swoop
NatWest has today announced the launch of a new grant finder service in conjunction with Swoop, which will allow UK businesses to search for grants to help their business deal with the ongoing impacts of the COVID-19 pandemic.
Visma | Onguard Continues to Grow During Period of Uncertainty
- 3 years 9 months ago
- Covid-19
Fintech company Visma | Onguard, the leading specialists in the order-to-cash process, has continued to expand its capabilities in technology, innovation and security during a challenging period in the financial industry, while growing its operations under the new Visma | Onguard brand following Onguard’s acquisition by Visma in February 2020.
