UK payments infrastructure upgrade could fuel $3.8bn GDP bounce
The upgrading of the UK’s payments infrastructure and real-time payments adoption has been forecasted to boost the UK economy by $3.8bn by 2026, research has found. Â
Non-traditional sign-up products to fuel subscription surge
Non-traditional sign-up products and services are expected to fuel the next wave of subscriptions, according to a report from Barclaycard Payments.
New York DFS issues regulatory guidance on stablecoins
New York State Department of Financial Services has issued new regulatory guidance on setting foundational criteria for USD-backed stablecoins.
Nearly 25% of Britons to back NFTs or tokens this year
Nearly a quarter of Britons are willing to invest into NFTs or tokens this year, according to a study from Tokenise.
InsurTech Pie launches pay-as-you-go billing solution
Pie, a tech-enabled provider of worker compensation insurance to small businesses, has launched a pay-as-you-go billion solution.
Could Christmas be the death knell for credit card payments?
A recent report by Klarna has found that one in two UK consumers are planning to discard their credit card entirely for Christmas shopping this year.
Banks believe London will remain global financial center despite Brexit
A recent Lloyds Bank survey has found that banks believe London will maintain its leading global financial center status despite the regulatory uncertainty posed by Brexit.
People Bank of China set to begin green finance evaluation of major banks
The People Bank of China (PBOC) has revealed it will begin quarterly assessments of the green finance performance of 24 major Chinese banks starting 1 July this year.
Selma Finance secures $3.9m round
Helsinki, Finland-founded based Selma Finance has closed a $3.9m funding round to fuel the growth of its digital advice, and launch additional products in the Swiss market.
Libra could launch as early as January
The Facebook-led Libra Association is reportedly gearing up to launch its cryptocurrency at the start of 2021.
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