Weekly Headlines 10 December 2021

10th December 2021

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

 

Santander UK lets customers set their contactless limit

Santander UK has announced that customers will now be able to set a lower limit for contactless transactions, ranging from £5 to £95.

 

Butter introduces its BNPL card

Butter introduces its BNPL card. Customers can choose to split payments across as many 10 instalments and manage their card through the Butter app.

 

Klarna launches browser extension

Klarna has launched a browser extension. The extension enables consumers to shop with Klarna’s flexible payment options on their desktop at every online store, even if the retailer is not yet a Klarna partner, through the creation of one-time virtual cards.

 

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

Worldline is to buy an 80% stake in Eurobank Merchant Acquiring, one of the main acquirers in Greece with a 20% market share. The €256 million deal comes six month after the vendor sealed the acquisition of 92.5% of the share capital of Cardlink, a Network Services Provider for both Eurobank and Alpha Bank.

 

Lydia reaches a $1bn+ valuation

Lydia raised $100m to reach a $1bn+ valuation, racing Revolut to become Europe’s first super app. Lydia will use the funds to spin out new credit and investment products (having recently launched crypto trading), as well as solidifying their expansion into Portugal and Spain. Over the next three years, Lydia wants to become the primary account for 10m users.

 

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

Monzo is raising more than $500 million at a $4.5 billion valuation. The funding comes as Monzo has doubled revenues this year, signing up around 100,000 new customers a month. The bank has more than five million customers, including 300,000 using paid accounts, with Business accounts recently topping 100,000.

 

Pleo raised another $200 m at $4.7 bn valuation

Pleo raised another $200 m at $4.7 bn valuation. Pleo said it plans to use the funds to roll out in more than a dozen European countries from next year, starting with Finland, the Netherlands, France and Portugal.

 

Facebook Messenger testing Split Payments

Facebook Messenger is testing a feature called Split Payments that lets users share the cost of bills and expenses from within a group chat.

 

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

More UK consumers than ever are choosing to do their Christmas shopping online, across all demographics, according to new research by Thrasio. The report revealed48% of all Christmas goods will be bought online this year with 42% of 18-24s shopping online.

 

TikTok has aired its first UK online shopping livestream

TikTok has aired its first UK online shopping livestream, tapping into the growing trend of ‘social commerce’ in the UK.

 

Visa launches Global Crypto Advisory Practice

Visa has announced the launch of Visa’s Global Crypto Advisory Practice, an offering within Visa Consulting and Analytics designed to help clients and partners advance their own crypto journey.

 

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.

Contact Us