Nearly Half of UK Consumers Plan to Spend More Online in the Next 6-12 Months
- 2 years 3 months ago
- Personal Finance
Mollie, today unveiled the UK findings from its latest European E-commerce Report. The report highlights how spending and payment behavior has shifted in light of growing inflation and the cost of living crisis. Despite economic challenges, nearly half of consumers believe the economic situation will improve in the short term and expect to spend more in the next year.
UK Consumers Divided on Use of Generative AI in Banking – But 62% Believe Regulation Would Increase Trust, Reveals New Research by FIS
- 2 years 3 months ago
- Artificial Intelligence, Personal Finance
FIS®, a global leader in financial services technology, has conducted new consumer research into the extent to which people understand and trust generative artificial intelligence (GenAI), as well as their attitudes towards the emerging technology’s role in personal finance and banking.
Ho-ho-holiday Spending Defies Cost-of-living Crisis as 69% of Consumers Plan to Increase or Maintain Festive Purchasing
- 2 years 4 months ago
- Personal Finance
New research from leading international payment service provider and UK and Europe direct bank card acquirer, Ecommpay, reveals that 80% of consumers changed their spending habits this year due to the cost-of-living crisis. However, over two-thirds still plan on increasing or maintaining their online spending for the festive season (69%). A challenging year hasn’t dampened festive spirits
The Next Savings Revolution – Britain’s Savvy Savers Continue to Go Green
- 2 years 4 months ago
- Personal Finance
Tandem, the UK’s greener digital bank, is seeing a significant rise in those customers opting for socially responsible providers, with the fintech more than doubling its deposits and customer numbers for the second consecutive year, passing through £3bn – a significant milestone for fintechs. Savings pots live
Two in Five Brits Dread the Festive Period Due to Financial Pressure
- 2 years 4 months ago
- Personal Finance
The festive period is meant to be one of cheer and happiness, but for two in five Brits it is one full of dread due to the extra financial pressure on them. During this time of the year, there is much expectation placed on people to buy gifts for family, friends and partners amongst other extra expenses. The feeling of dread is one that is particularly felt by the younger demographic, with over half (53%) of 18-34-year-olds surveyed saying they... more
PayPoint Recruits 1,700+ Retailers for Park Christmas Savings
- 2 years 4 months ago
- Personal Finance
With the deadline of 15th December now set for members of the Federation of Independent Retailers (the Fed) to become PayPoint Park Super Agents, PayPoint today announces that more than 1,700 retailers have already signed up, surpassing their 1,500 target.
LHV Bank Joins Flagstone for its Personal Savings Products
- 2 years 4 months ago
- Personal Finance, Cash management
LHV Bank, one of the UK's newest licensed banks, has announced that its Personal Savings products are now available on Flagstone, the UK’s leading cash deposit platform. Both organisations share a like-minded digital-first heritage, with a clear focus on delivering a streamlined and accessible customer experience. The Flagstone platform will be a key channel to market for LHV Bank ahead of the planned launch of its consumer savings offering via... more
Two-thirds of Britons Feel That Big Banks Prioritise Profits Over Supporting Savers
- 2 years 4 months ago
- Personal Finance
The majority of UK consumers are unhappy with high-street banks, believing they have prioritised profits over passing higher interest rates on to savers, new research has revealed. A survey of 2,000 UK adults commissioned by SmartSave, run by Chetwood Financial found that 65% of people believe that mainstream banks are putting their profits ahead of passing on higher interest rates to their customers despite the base rate hikes.
REVEALED: Charitable Giving Remains a Priority for UK Consumers Despite Ongoing Cost of Living Crisis
- 2 years 4 months ago
- Personal Finance, Payments
New research from GoCardless, the bank payment company, finds that 45% of consumers say they donate regularly to charity today -- only a slight drop from the 49% who did so last year, even as the cost of living continues to rise.
Gatehouse Bank Launches UK’s First Shariah-Compliant Regular Saver Account
- 2 years 4 months ago
- Personal Finance
Gatehouse Bank has today launched a Regular Saver account, the first Shariah-compliant product of its kind in the UK.
Only 1 in 10 SMEs Are Using Business Credit Cards: Here’s Why the Rest Are Missing Out
- 2 years 4 months ago
- Personal Finance
Finder.com analysed figures by the BVA to find that just over 600,000 small and medium enterprises (SMEs) are using business credit cards, out of a total of 5.5 million. This means that 9 in 10 SMEs (89%) could be missing out on the benefits offered by business credit cards.
The Big Christmas Switch Off – Brits are ‘Over’ Christmas Ads by 27th November
- 2 years 4 months ago
- Personal Finance
Brits are officially ‘over’ Christmas marketing efforts by 27th November, according to the latest research from Twilio, the customer engagement platform that drives real-time, personalised experiences for today’s leading brands. The survey of 2,000 UK consumers suggests that festive fatigue is in part caused by the fact that almost half (48%) are regularly targeted with irrelevant gift ideas in the run up to the Christmas period.
Three-quarters of Pension Savers Would Choose ‘Pot for Life’ Pension
- 2 years 4 months ago
- Personal Finance
New research from leading online pension provider, PensionBee, reveals a notable enthusiasm among c.1,000 UK pension holders for the recently announced ‘pot for life’ pension model. Over three-quarters (76%) of pension savers expressed that they would consider opting for the new model, while only 5% of savers stated that they would not be interested in having their own pension into which employers can pay contributions.
Two Out of Every Three Young People Aren’t Motivated to Save, Says Plum
- 2 years 4 months ago
- Personal Finance
More than two thirds (67%) of young people in the UK are not feeling motivated to save, according to new research from smart money app Plum.
Passive Income & Peer-to-Peer Lending: Making Money by Helping Others
- 2 years 4 months ago
- Lending, Personal Finance
In a world where financial security is a concern for many individuals, the concept of earning passive income has become increasingly popular. Passive income refers to the money earned regularly with the effort required to maintain it. One promising way to generate income is through peer-to-peer lending, which allows individuals to invest in others and earn a return on their investment. As you continue reading, we will explore the idea of income... more
