uk

UK’s Payment Regulator Turns Attention to APP Fraud
UK’s Payment Regulator Turns Attention to APP Fraud
December 08, 2022  |  Security & Fraud

The U.K.’s payment regulator has outlined new rules to combat authorized push payment (APP) fraud. The Payment Systems Regulator (PSR) published new rules for banks...

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Asda Answers C-Stores’ Move into Groceries With Small-Format ‘Express’ Expansion
Asda Answers C-Stores’ Move into Groceries With Small-Format ‘Express’ Expansion
December 08, 2022  |  Retail

As convenience stores try to swipe grocery sales, supermarkets are responding with new small-format locations. The latest example of this brewing turf war has emerged...

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NatWest Appoints Ex-PayPal Exec as New CPO 
NatWest Appoints Ex-PayPal Exec as New CPO 
December 07, 2022  |  Personnel

NatWest Group has announced the appointment of Mark Brant as the chief payments officer (CPO) of NatWest.  In a statement emailed to PYMNTS, NatWest Group said that the payment...

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Curve Secures $1Billion Credit Facility to Fund Consumer Loans
Curve Secures $1Billion Credit Facility to Fund Consumer Loans
December 06, 2022  |  Buy Now Pay Later

Curve has secured a $1 billion credit facility from Credit Suisse. The U.K.-based FinTech will use the money to fund its consumer lending product, Curve...

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UK Cost-of-Living Crisis Behind Overdraft Usage Surge
UK Cost-of-Living Crisis Behind Overdraft Usage Surge
December 01, 2022  |  Economy

Overdraft usage in the U.K. has increased by 7.1% since August 2021. This surge, according to a study of 20,000 ClearScore users who opted to...

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Neobank Monzo Will Be Profitable in 2023, CEO Says 
Neobank Monzo Will Be Profitable in 2023, CEO Says 
December 01, 2022  |  Digital Banking

British neobank Monzo will soon become profitable, CEO TS Anil said.  Speaking at a Financial Times (FT) event, Anil said, “We will be profitable in...

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Cellulant to Launch in South Africa, UAE and UK Next
Cellulant to Launch in South Africa, UAE and UK Next
December 01, 2022  |  International

Kenyan payment company Cellulant is branching into the South African market. Cellulant Chief Business Officer Sike Bamisebi discussed the firm’s regional expansion plans in a...

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Access Group Bolsters Payments Business With Pay360 Acquisition
Access Group Bolsters Payments Business With Pay360 Acquisition
December 01, 2022  |  Acquisitions

The Access Group has confirmed the acquisition of Pay360 in the U.K. The group’s payment arm, Access PaySuite, has purchased Pay360 in a deal that...

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Unbanked Launches Crypto Card in Europe
Unbanked Launches Crypto Card in Europe
November 30, 2022  |  Cryptocurrency

Unbanked has expanded its cryptocurrency card program to Europe. The New York-based crypto FinTech announced on Wednesday (Nov. 30) that eligible residents in the U.K.,...

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