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Klarna Leans Into Loyalty to Boost Users, Pare Losses
Klarna Leans Into Loyalty to Boost Users, Pare Losses
June 22, 2022  |  Loyalty & Rewards

Buy now, pay later (BNPL) company Klarna will debut its loyalty card feature, a company press release said Tuesday (June 21), letting users store and...

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What’s Next in BNPL: Zopa CEO Says Longer Terms, Larger Loans
What’s Next in BNPL: Zopa CEO Says Longer Terms, Larger Loans
June 22, 2022  |  Buy Now Pay Later

Following an explosion of buy now, pay later (BNPL) use in the past few years, transaction volumes are expected to hit $680 billion worldwide by...

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CBDC Weekly: Report Says CBDCs Can Outdo Crypto; Fed’s Powell Sees Role in Strengthening Dollar
CBDC Weekly: Report Says CBDCs Can Outdo Crypto; Fed’s Powell Sees Role in Strengthening Dollar
June 21, 2022  |  CBDC

The Bank for International Settlement has its “2022 Annual Economic Report” coming out next week and wanted to highlight its opinion of cryptocurrencies, releasing that...

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UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
June 21, 2022  |  Economy

The Bank of England recently raised the key interest rate from 1% to 1.25%, and with the bank’s governor warning Britons that more hikes may...

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TikTok Agrees to Improve EU Consumer Rights, Avoiding Potential Sanctions
TikTok Agrees to Improve EU Consumer Rights, Avoiding Potential Sanctions
June 21, 2022  |  Regulation

TikTok will be boosting protections aimed to help children avoid persuasive ads on the platform, Reuters reported Tuesday (June 21). TikTok, owned by China’s ByteDance,...

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UK Payment Systems Regulator to Review Visa, Mastercard Fees
UK Payment Systems Regulator to Review Visa, Mastercard Fees
June 21, 2022  |  Credit Cards

On Tuesday (June 21), the U.K.’s Payment Systems Regulator (PSR) detailed plans for two market reviews it will carry out focusing on card fees. One...

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BIS Says CBDCs Can Do Anything Crypto Can, but Better
BIS Says CBDCs Can Do Anything Crypto Can, but Better
June 21, 2022  |  CBDC

Anything that crypto can do, central bank digital currencies (CBDCs) can do better. That is the broad conclusion reached by the Bank for International Settlements,...

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UK Regulator to Review Visa, Mastercard’s Processing and Swipe Fees
UK Regulator to Review Visa, Mastercard’s Processing and Swipe Fees
June 21, 2022  |  Credit Cards

The U.K. Payment Systems Regulator (PSR) published on Tuesday (June 21) details of two market reviews that is planning to conduct later this year on...

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TF Bank’s Swedish Arm to Separate from eCommerce Subsidiary
TF Bank’s Swedish Arm to Separate from eCommerce Subsidiary
June 21, 2022  |  Bank Regulation

The Swedish Financial Supervisory Authority has granted TF Bank’s Swedish subsidiary TFB Service AB a license to operate as a deposit-taking financial institution. With this...

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