EconomyFeaturedCredit card & personal loan balances hit record highsWebAdminNovember 18, 2022 by WebAdminNovember 18, 2022 Credit card balances surged 72% and 32% among Gen Z and Millennial borrowers, respectively... Read more
FeaturedTechnologyEmirates NBD Egypt is first in MENA to use switch technology for card paymentsInternational FinanceFebruary 20, 2020March 18, 2020 by International FinanceFebruary 20, 2020March 18, 2020 Mastercard World Switch Card will interlink both credit and debit accounts, allowing cardholders to switch to either for payments... Read more
BankingFeaturedUK banks expect rise in demand for credit card borrowingInternational FinanceJanuary 17, 2020March 18, 2020 by International FinanceJanuary 17, 2020March 18, 2020 The Bank of England predicts credit card borrowing by households will increase by 14.3 percent over next three month... Read more
FintechRevolut to disrupt UK traditional banking with direct debitsInternational Finance DeskNovember 28, 2019January 7, 2020 by International Finance DeskNovember 28, 2019January 7, 2020 It has added a new feature where users can pay with direct debits in UK pounds... Read more
IdeasMagazineMarch-April 2019Ever wondered what the code on a credit card identifiesInternational FinanceApril 17, 2019December 11, 2019 by International FinanceApril 17, 2019December 11, 2019 Growing demand for secure and convenient payment is driving interest in alternatives to the 16-digit credit card code as means of verification.... Read more
In the NewsBritons in EU could lose access to UK bank accounts in case of No-Deal BrexitInternational Finance DeskAugust 24, 2018 by International Finance DeskAugust 24, 2018 Warning comes in the form of government ‘technical notices’ that tell businesses and public on how to prepare in the event... Read more
BankingEquifax credit card data breach could be largest in US HistoryInternational FinanceSeptember 8, 2017 by International FinanceSeptember 8, 2017 After announcing that millions of people were affected by an unprecedented hack on its systems, Equifax Inc.... Read more
BankingConsumers want more help finding the right credit cardInternational Finance DeskAugust 30, 2017 by International Finance DeskAugust 30, 2017 Many struggle to find a card that meets their needs, saying there are too many options and it's too time consuming to research, according to a national survey by Experian... Read more
BankingFintechLargest fintech company in Europe gets bank licenceInternational Finance DeskJune 22, 2017 by International Finance DeskJune 22, 2017 Klarna’s business model offers an alternative to the use of credit cards... Read more
EconomyJob losses, inflation could tip British credit card borrowers over the edgeInternational Finance DeskJune 22, 2017 by International Finance DeskJune 22, 2017 Growth percentage of consumer credit cards is still high... Read more