Exclusive: Airwallex to bulk up UK workforce after rapid growth July 30, 2025 Singaporean fintech unicorn Airwallex has its sights set on UK expansion after a period of rapid growth. The cross-border payment specialist – which counts Shein, Brex and Rippling among its customers – recorded a 95 per cent annual jump in global revenue to $850m in the last year, with UK takings jumping 109 per cent [...]
Bank of England hits Mastercard subsidiary with £12m fine July 9, 2025 A Mastercard-owned company has been fined almost £12m by the Bank of England after it failed to fully comply with a regulatory order to fix weaknesses in its risk management. Vocalink – which was acquired by Mastercard in 2017 – has been slapped with the £11.9m fine due to failing to meet directions from the [...]
CAB Payments turns to New York to revive fortunes June 4, 2025 The London fintech behind the “worst IPO of the year” in 2023 is seeking to revive its fortunes with an expansion to New York after it secured a licence to operate in the US. CAB Payments told markets on Wednesday that it has received approvals from the Federal Reserve and The New York State Department [...]
Co-op: All forms of payment now working after cyber attack May 14, 2025 The Co-op has told its customers that all forms of payments are now working at its stores and online while stock levels should improve by this weekend. The Manchester-headquartered group, which operates almost 2,400 stores around the UK, said it is in “the recovery phase” after suffering a significant cyber attack which caused two weeks [...]
Analysts ‘bullish’ on UK fintech Wise despite tariff threat April 16, 2025 Wise’s trading update left analysts with a “bullish outlook” on the money transfer firm, but they warned of a tariffs threat. The UK fintech pocketed £350m in underlying income for the fourth quarter – a 13 per cent jump year-on-year. International payments bolstered the firm’s intake, soaring 28 per cent to £39.1bn. This offset a [...]
Businesses are ditching card terminals for smart phones March 3, 2025 New data has revealed that the use of tap-to-phone technology—where businesses turn smartphones into point-of-sale devices (POS)—has boomed over the last year. In the UK, tap-to-phone adoption has exploded by 320 per cent in the last 12 months, compared to the global average growth rate of 200 per cent. Visa research showed that small businesses [...]
Payments regulator reportedly could be scrapped as No10 slashes red tape February 23, 2025 The UK’s payments regulator could be scrapped and folded into another regulator as part of efforts by No10 to slash red tape, according to Sky News. Ministers are mulling whether to abolish the Payment Systems Regulator (PSR) and amalgamate it into the Financial Conduct Authority (FCA), the broadcaster has reported. A decision could come within [...]
Wise shares bounce on ‘milestone’ Morgan Stanley payments deal December 17, 2024 Shares in Wise have jumped this afternoon after the London-listed fintech firm announced a “milestone” deal to handle foreign exchange payments for Morgan Stanley’s corporate clients. The money transfer firm said Morgan Stanley will become the first major investment bank to offer “high speed cross border” payments through its platform business, which provides payments infrastructure [...]
Square Mile and Me: PPRO CEO Motie Bring on a career in fintech – and a plea for more office dogs September 26, 2024 We dig into the memory bank of the City’s great and good. Today, Motie Bring, CEO at London fintech PPRO, talks us through his career journey and City highlights What was your first job? An unforgettable summer gig as a waiter at a vibrant cafe called ‘London’ on the beach in Tel Aviv. What was [...]
Apron: London fintech taps Checkout founder and Apple iPhone co-creator for $30m funding September 25, 2024 London fintech Apron has raised $30m in Series B funding to boost hiring and launch a slew of new accounting and payment tools for small businesses.