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Marks & Spencer is the first major U.K. retailer to launch a mobile scanning and payment app in its stores. Several U.K. supermarket chains have launched pilots of cashierless and checkout-free mobile shopping, but have yet to roll out services.
October 17 -
International migration has hit an all-time high in recent years, with 250 million migrant workers across the globe. This has created a booming new international payments market for remittance providers.
October 8 -
Comparing the U.K. payments landscape to that of the U.S. is sometimes like comparing apples to oranges according to Ankit Kumar, manager of digital payments and mobile financial services at Gemalto.
October 5
Gemalto -
Worldpay is expanding its U.S. portfolio and has experience in sports betting to lean on.
October 5 -
London-based TransferGo is using Ripple’s blockchain platform to support digital money transfers from Europe to India. But TransferGo isn’t the first remittance company to work with Ripple — and it isn't on the same path that others have taken.
October 3 -
China’s Golden Week started on Monday and with it, global cities and merchants are boldly promoting Alipay in an effort to capture Chinese tourist dollars. At the same time, merchants are building out a competitive acceptance network that could someday rival the major payment card networks.
October 2 -
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.
September 27Financial Data and Technology Association of North America -
Contactless payments are a big success story in most countries around the world—including developing markets—but not in the U.S.
September 27 -
London-based digital payment provider Revolut has applied for an e-money license in Luxembourg in case the Brexit impact creates legal complications.
September 24 -
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.
September 21 -
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.
September 21Financial Data and Technology Association of North America -
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.
September 19 -
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.
September 18 -
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.
September 14 -
Swedish financial services provider Klarna Bank has boosted its U.K. foothold by agreeing to buy merchant bankers Close Brothers' retail financing portfolio.
September 14 -
The popularity of technology-driven international transactions are making their way to TransferWise's balance sheet.
September 10 -
Product diversification has boosted Revolut's valuation, and will make or break the company as it battles myriad competitors and a challenging geographic expansion.
September 10 -
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.
September 5 -
Counter to the trend — pioneered by Amazon — of launching cashierless technology in small stores to keep traffic under control, the U.K. supermarket chain Sainsbury’s has launched a trial of cashierless mobile shopping in one of its busy London stores, Clapham North Station Local.
September 5 -
A credit union in Swansea, Wales, has collapsed and will cost the UK's Financial Services Compensation Scheme nearly $647,000 to reimburse members' insured funds.
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