Weekly Headlines 07 January 2022

7th January 2022

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

 

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

Adyen has announced the launch of mobile Android POS terminalsin the EU, UK and the US. The devices function as an all-in-one solution, eliminating the need for separate cash registers, barcode scanners and customer facing displays. Additionally, the terminals come with an app management system, allowing merchants to upload and manage the apps they use every day, for inventory management, loyalty programs, returns and more.

 

Which? is calling for stronger safeguards for BNPL shoppers

Which? is calling for stronger safeguards for BNPL shoppersas it publishes research which indicates that shoppers view BNPL products as budgeting solutions rather than credit.

 

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

ThePayment Systems Regulator has extended its Specific Direction 8 (SD 8) which requires LINK to do all it can to fulfil its commitment to maintain the broad geographic spread of free-to-use ATMs.

 

UK cross-border retail has declined sharply in 2021

Research commissioned byAdyen reveals that UK cross-border retail has declined sharply in the last year. Against the backdrop of lorry driver shortages, supply chain challenges, the coronavirus pandemic and changes to import processes, the number of British shoppers making purchases from other countries has declined 71% since July 2020.

 

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

TheFCA is urging online retailers to ensure they fully support SCA by 14 March 2022 or risk customer purchases being declined.

 

UK registers record year in annual fintech investment in 2021

TheUK has registered a record year in annual fintech investment in 2021, exceeding $11.6bn – representing a huge 217% increase from 2020. The funds in the UK were spread across 713 deals, which marks 11% of all global deals (6,495), leaving the country in second place behind the US.

 

PayPal finds out crypto was the most used feature during 2021

PayPal ran a poll to find out which feature did their clients use the most during 2021. Crypto came in first place with 57%, followed by Checkout with 31%, BNPL with 9%.

 

PSE Innovation Videos

Codat – Opportunities for Open Finance

In this full length conversation with Yasamin Karimi from Codat we discuss the benefits of Open Finance to acquirers as they seek to onboard new customers and carry out credit checks. Yasmin highlights the emerging opportunities of combining accounting, Open Banking, and commerce platform data to create a rounded view of where a business has been, its current cash position and its order pipeline.

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