Personal Finance

Proactive Brits Set Financial Goals for New Year’s Resolutions in 2024

1 year 8 months ago
Personal Finance

As the new year unfolds, Loqbox, a UK-based financial wellbeing business, reveals compelling insights from a survey of over 2,300 of its members, indicating a commitment to financial health among Britons in 2024.

Card Spending Grew Just 4.1 Percent in 2023 as Barclays Reveals the Top 10 Consumer Trends of 2023

1 year 8 months ago
Personal Finance, Payments

Consumer card spending increased just 4.1 percent year-on-year in 2023 – noticeably lower than the growth seen in 2022 (10.6 per cent) – as Brits cut back on new clothes, eating out and home improvements amid rising inflation and household bills. However, consumers continued to prioritize moments of joy and shared experiences, boosting travel, entertainment, and pubs & bars.

Young People Turning to Buy Now, Pay Later to Bankroll Christmas

1 year 8 months ago
Lending, Personal Finance

Rising costs forced young people to use buy now, pay later (BNPL) to afford Christmas this year as a quarter (23%) of young people admitted they were planning on buying their Christmas dinner this year using BNPL, according to new research from responsible lender, Creditspring.

Travel Debit Card Currensea Saves Travellers Over £3M in Exchange Fees

1 year 8 months ago
Personal Finance, Payments

The UK’s first travel debit card Currensea, has saved travellers over £3 million in foreign exchange (FX) fees since its launch in 2020. The Currensea card saves at least 85% on every overseas transaction by cutting out the normal fees leveraged by banks.

Pension Illiteracy Impact: 1 in 6 Brits Say They Don’t Know How Much Is Going Into Their Pension

1 year 8 months ago
Personal Finance

A simple lack of understanding of pensions – what they are and how they work - could be preventing workers from saving for their retirement, according to research from Moneyhub, the award-winning data and payments platform built on Open Banking and Open Finance principles.

Nearly Half of UK Consumers Plan to Spend More Online in the Next 6-12 Months

1 year 8 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

1 year 8 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

1 year 8 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

1 year 8 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

1 year 8 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

1 year 9 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

1 year 9 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

1 year 9 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

1 year 9 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.