From Cash To Contactless: Understanding The Future Of Payment Habits Across The UK
- 6 hours 14 min 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
- 1 day 6 hours 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
- 1 day 6 hours 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
- 3 days 7 hours 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
- 1 week 1 day 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
GoHenry Urges Government to Make Financial Education Compulsory in All Schools at Parliamentary Reception
- 2 weeks 1 hour ago
- Personal Finance
GoHenry, the prepaid debit card and financial education app for 6-18-year-olds, called on the Government to make financial education compulsory in all schools from primary age at its Parliamentary Reception last night.
Expats Face Rising Costs Across Europe, with London and Dublin Topping the List
- 2 weeks 1 day ago
- Personal Finance
As the digital nomad lifestyle continues to surge, bunq’s latest research highlights rising costs for expats across Europe. In its new study, bunq compared the costs for rent, groceries, public transport, utilities, and coworking spaces across all European capitals. With the number of digital nomads projected to reach 40 million globally by the end of 2024, the borderless workforce now faces higher living costs, averaging €1,586 per month – a 5... more
Marqeta Survey: Customer Loyalty Shifts as UK Consumers Embrace a New Era of Hyper-Personalized Credit Options
- 3 weeks 2 days ago
- Personal Finance
Consumers are increasingly seeking more personalised benefits from their credit card providers, such as rewards and loyalty points, according to a new survey published today by Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators.
Half Term Money Fears - Three in Ten Parents Admit This Is the Most Financially Unstable They’ve Ever Been
- 3 weeks 3 days ago
- Personal Finance
As schools break up for half term, three in ten (30%) parents with children aged under 18 admit that this is the most financially unstable they’ve ever been, according to research from responsible lender, Creditspring. A third (33%) of parents also say they’re terrified for their financial future with over a quarter (27%) responding that they are likely to start a side hustle or second job to make ends meet.
Almost 9 Million UK Adults Are Missing An Old Pension Pot
- 3 weeks 6 days ago
- Personal Finance
New analysis conducted by the Centre for Economics and Business Research, on behalf of PensionBee ahead of National Pension Tracing Day, reveals that nearly one in five (19%) UK adults feel certain they have lost or probably lost a pension pot, equating to approximately 8.8 million individuals.
Nearly One In Ten Have Accidentally Made A Payment To The Wrong Person
- 4 weeks 1 day ago
- Personal Finance
Current payment methods are still subject to human error and worries according to new research from Moneyhub, the market-leading data and payments platform. Moneyhub’s research revealed that close to one in 10 (9%) have accidentally transferred money to the wrong recipient. A further 8% said they have received money from someone they didn’t expect, or didn’t know, while 14% have been paid incorrectly by their employer in the past.
Spendesk Launches First Fully-Integrated Procurement And Spend Management Tool For European SMBs
- 1 month 5 hours ago
- Personal Finance
Spendesk, the complete spend management platform, today announces the launch of its Procure-to-Pay solution, positioning Spendesk as the first European platform to fully integrate procurement and spend management
Half of European and US Consumers Now Want Greener Services from Banks, and Many will Switch Provider to Get Them
- 1 month 6 hours ago
- Personal Finance
Consumers are increasingly looking to banks, insurers and other financial providers to help them make more ethical and environmentally conscious decisions around their finances, new research finds. Commissioned by CRIF, Europe’s leading provider of consumer and credit information, and published ahead of November’s COP29 meeting of world leaders, the research finds European and US consumers are making increasingly climate conscious decisions in... more
Consumers’ Capacity to Save Fell by 25.5% Over the Last Year as Recent Inflationary Pressures Continue to Take Their Toll
- 1 month 5 days ago
- Personal Finance
The latest proprietary insight from Moneyhub, the market-leading data and payments platform’s Financial Wellness Tracker, reveals that consumer capacity to save without making any changes to their overall spending behaviour fell 25.5% over the 12 months to end September 2024. Simultaneously, total cash held in savings dropped by 11.6% as the recent turbulent financial times continued to play out and inflation persistently remains above the... more
TSB Partners With Doshi App To Deliver Money Confidence In Schools
- 1 month 1 week ago
- Personal Finance
TSB has partnered with Doshi to bring money confidence to schools – as the organisations team up to encourage 1,000 students aged between 13-18 to sign up to the financial education service. Over the next six months, TSB will be visiting schools to encourage students to use the Doshi app and complete short learning modules to boost their money confidence and financial literacy ahead of adulthood.
