News Round-ups

Visa launches Visa Acceptance Cloud platform

Railsbank launches white-label BNPL package for retailers

Zilch is expanding to continental Europe

Qonto reaches a valuation of €4.4 billion

UK parliament launches a group to cover the crypto and digital assets sector

Visa is working with ConsenSys to bridge CBDC networks with existing payment rails

UK Open Banking marks fourth year milestone with 4.5 million users

Adyen launches mobile Android POS terminals in the EU, UK and the US

Which? is calling for stronger safeguards for BNPL shoppers

PSR requires LINK to maintain the broad geographic spread of free-to-use ATMs

UK cross-border retail has declined sharply in 2021

FCA is urging online retailers to ensure they fully support SCA by 14 March 2022

UK registers record year in annual fintech investment in 2021

PayPal finds out crypto was the most used feature during 2021

Nearly seven in ten debit card transactions and just over half of all credit card transactions in the UK are now contactless

Commerzbank and Deutsche Bank allow customers to use the giropay to pay online

SweepBank launches in Finland and Latvia

Thales, Fiserv and Mastercard conduct trials on biometric cards in Poland

Barclays is partnering with Amazon to offer instalment payment plans

41% of UK adults use BNPL because they can’t afford to pay for an item in one go

Klarna partners with GoCardless

Butter is now providing a BNPL extension for the Opera browser

Major UK banks agree to create a network of shared banking hubs to ensure communities have fair access to cash

Nuvei to roll out crypto-to-fiat debit cards across Europe

Stripe identifies 42% of top businesses make mistakes when formatting payment information

UK retailers battle against Visa and Mastercard over charging fees

Santander UK lets customers set their contactless limit

Butter introduces its BNPL card

Klarna launches browser extension

Worldline to buy an 80% stake in Greece’s Eurobank Merchant Acquiring

Lydia reaches a $1bn+ valuation

Monzo raised over $500 million at a $4.5 bn valuation

Pleo raised another $200 m at $4.7 bn valuation

Facebook Messenger testing Split Payments

More UK consumers than ever are choosing to do their Christmas shopping online

TikTok has aired its first UK online shopping livestream

Visa launches Global Crypto Advisory Practice

Black Friday payment data reveals 51% increase in BNPL usage

PayPal’s Pay in 4 saw its volume up by 400% on Black Friday

Brits will rely on BNPL for Christmas

Barclays says unregulated BNPL is a growing risk

Executives of cryptocurrency firms have been called to testify before a US congressional committee

Monzo enables business clients to accept mobile payments

FCA removes 3-month re-authentication requirement

Ingenico launches Payments Platform as a Service solution

Stripe powers TikTok Tips feature