U.K.

London-based digital payment provider Revolut has applied for an e-money license in Luxembourg in case the Brexit impact creates legal complications.

A deaf woman who had over £8000 stolen from her bank account by fraudsters has become the latest symbol of the insecure practice of using phone numbers as proof of identity.

The country is lagging behind others when it comes to ensure that a consumer's financial data is available to third parties, and regulators need to step up.

The single-platform transfer is part of London-based Moneycorp's full integration of Commonwealth FX, a U.S.-based corporate international payments business it acquired at the start of the year —and part of a strategy to expand its U.S. market.

Divido, a London-based retail finance marketplace platform provider, has raised $15 million in a Series A capital round that includes American Express and Mastercard as investors.

The growth and dominant market share position of payment cards in U.K. retail sales is prompting a new pushback from retailers who are wary of rising network fees.

Swedish financial services provider Klarna Bank has boosted its U.K. foothold by agreeing to buy merchant bankers Close Brothers' retail financing portfolio.

The popularity of technology-driven international transactions are making their way to TransferWise's balance sheet.

Product diversification has boosted Revolut's valuation, and will make or break the company as it battles myriad competitors and a challenging geographic expansion.

While the card networks have greatly benefited by the global boom in e-commerce, they are confronted with the corresponding growth in digital advertising. This will increasingly lead them to seek out data-sharing deals like Mastercard's reported arrangement with Google, which could prove vital to the networks' future survival.