Payments Tracker

In this fourth round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK following the easing of Covid restrictions, compared to the final weeks of Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK March... Continue Reading →

Payments Tracker

In this third round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK with the easing of Covid restrictions, compared to Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK February 2022, Link March 2022... Continue Reading →

Payments Tracker

In this second round up of retail payments in 2022, we see the impact on the volume and value of payments processed in the UK now Covid restrictions are easing, compared to Lockdown 3.0 conditions in 2021. Note: All data is publicly sourced and is the latest available: Pay.UK January 2022, Link February 2022 and... Continue Reading →

Payments Tracker

In this first round up of retail payments in 2022, with increased Covid restrictions still in place for the period under review, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK December 2021, Link January 2022 and... Continue Reading →

Pandemic sparks evolutionary year for Canadian payment landscape

The Canadian payments landscape in nine facts from Payments Canada: Electronic payments represented 79 per cent of all transactions, compared to 77 per cent in 2019 – accounting for 15.8 billion transactions and representing 66 per cent of total payments value (the combined monetary value of total transactions) in 2020. Contactless payments grew dramatically, increasing 13 per... Continue Reading →

Payments Tracker

In this last round up of retail payments in 2021, with Covid restrictions under review, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK November 2021, Link December 2021 and UK Finance September 2021. Source: Pay.UK Limited... Continue Reading →

From Morse code to Monzo

Raconteur have been thinking about the history of Fintech. Innovations in the financial sector have transformed the way we save, spend and trade. Banking systems, which once relied on London bank clerks meeting in the Six Bells tavern to exchange cheques, are now automated thanks to advances in technology.  Customers have also benefitted, with a slew... Continue Reading →

Payments Tracker

In this October round up of retail payments, as restrictions have eased but caution remains, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK September 2021, Link October 2021 and UK Finance July 2021. Source: Pay.UK Limited... Continue Reading →

Payments Tracker

In this September round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK August 2021, Link September 2021 and UK Finance June 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this August round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK July 2021, Link August 2021 and UK Finance May 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this July round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK June 2021, Link July 2021 and UK Finance April 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this June round up of retail payments, as restrictions continue to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK May 2021, Link June 2021 and UK Finance March 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this May round up of retail payments, as restrictions begin to ease, we see the impact on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK April 2021, Link May 2021 and UK Finance February 2021. Source: Pay.UK Limited Bacs Direct... Continue Reading →

Payments Tracker

In this April round up of retail payments, we see the impact of the final month of Lockdown 3.0 on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK March 2021, Link April 2021 and UK Finance January 2021. Source: Pay.UK Limited... Continue Reading →

Card Industry Professionals appoint first NED

Card Industry Professionals (CIP) have appointed Mark Westwell as a Non-Executive Director and Chair of the Board. Card Industry Professionals have numerous years of experience within the card payments industry. CIP have witnessed and contributed to the evolution of how customers pay. With Debit Card payments having overtaken cash payments by 2017 (UK Finance – UK Payments... Continue Reading →

Payments Tracker

In this March round up of retail payments, we continue to see the impact of Lockdown 3.0 on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK February 2021, Link March 2021 and UK Finance December 2020. Source: Pay.UK Limited Bacs Direct... Continue Reading →

The stage is set for digital payments – are we ready?

The COVID-19 pandemic has caused a profound and dramatic shift towards a digital society. All aspects of life in the UK are becoming increasingly digital, from purchasing our daily Latte, to accessing music or interacting with government. The digital shift was already happening, but it is absolutely clear that the pandemic has accelerated the transformation of how we pay for the goods and services we consume.... Continue Reading →

Payment habits from Argentina to Vietnam – and the impact on cash use in the UK

2020 catapulted payments years ahead of projections Source: Worldpay Worldpay have just published their annual global payments report.  The report promises an in-depth look at how consumers are paying from Argentina to Vietnam and which methods are set to take the world by storm.  Worldpay promise as insight you can’t find anywhere else! Download: Worldpay annual... Continue Reading →

The rise of Prepaid Cards

The industry often talks about payments as if it’s one, homogeneous group. But in actual fact, that couldn’t be further from the truth. A ‘payment’ is simply the action of paying or being paid. But the method this action chooses in order to complete itself is completely variable. Today, customers are presented with a wealth of methods.... Continue Reading →

Payments Tracker

In this February round up of retail payments, we see the impact of Lockdown 3.0 on the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK January 2021, Link February 2021 and UK Finance November 2020. Source: Pay.UK Limited Bacs Direct Debit and... Continue Reading →

Payments Tracker

In this January round up of retail payments, we see whether the easing of some restrictions following the second national lockdown impacted the volume and value of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK December 2020, Link January 2020 and UK Finance October 2020. Source:... Continue Reading →

Payments Landscape:Unpacked

Getting to grips with the UK’s retail payments landscape is no longer a complex and daunting task. The "Payments Landscape:Unpacked" briefing from Mike Chambers at Northey Point describes the UK's retail payment instruments, outlines the eco-system that supports the operation of these systemically important payment systems, presents the actors and describes the UK's payments landscape.... Continue Reading →

Payments Tracker

In this December round up of retail payments, we see how the second national lockdown continued to impact the volume and value and of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK November 2020, Link December 2020 and UK Finance September 2020. Bacs Direct Debit and... Continue Reading →

Digital Identity

Jonathan Jensen, Commercial Director Identity at GBG Plc and a member of the EPA’s Project Financial Crime, has written a guide: 'Digital Identity – update on the UK market', with information on the current state of the digital identity market, highlighting recent industry activity and developments.  Among the highlights: HMG response to digital identity Call for... Continue Reading →

Seizing the opportunities from digital finance

Developments in digital finance could transform how consumers and businesses make payments and raise finance.  “This could help revitalise the UK economy”, says the Bank of England's Andy Haldane. Source: Bank of England Speech Read Andy Haldane's full speech: Seizing the opportunities from digital finance.

Payments Tracker

In this November round up of retail payments, we see how the first national lockdown followed by an increasing level of local lockdowns continued to impact the volume and value and of payments processed in the UK. Note: All data is publicly sourced and is the latest available: Pay.UK October 2020, Link November 2020 and... Continue Reading →

Navigating the UK’s retail payments landscape

Navigating the UK's retail payments landscape can be a complex and daunting task - save time and effort with Northey Point's payment trackers. Keep upto speed with four trackers from Mike Chambers at Northey Point. ATM Tracker ATM Tracker: Monthly volumes and values Payments Tracker Payments Tracker: Providing a monthly round up of volumes and values... Continue Reading →

The Pound in your pocket

It does not mean that the pound here in Britain, in your pocket or purse or in your bank, has been devalued. Almost 50 years ago (November 1967) the then Prime Minister, Harold Wilson, was facing a crisis and was defending his decision to devalue the pound saying it will tackle the "root cause" of Britain's economic... Continue Reading →

Industry Developments

Just as getting to grips with the UK’s retail payments landscape can be a complex and daunting task, keeping up with the developments at Pay.UK, the Payments System Regulator, the Bank of England and HM Treasury can be a difficult and time consuming task. To compliment our ATM tracker, payments tracker and switching tracker Premium... Continue Reading →

Emerging Payments Association’s Insights Interview

Emerging Payments Association’s Insights Interview: Featuring Andrea Dunlop, the Chair of the EPA Advisory Board. Discover what drives the Emerging Payments Association’s Chair, Andrea Dunlop, what dangers she thinks lie ahead in payments, and what she’d say to a graduate thinking about joining the payments industry. Andrea is always outspoken and speaks from the heart. Hear... Continue Reading →

How can Australia’s payment action plan help the UK’s changing payments landscape?

The Australian Payments Network (AusPayNet) champion the payments system. They enable competition and innovation, promote efficiency, and control and manage risk to deliver improvements for all users of the payments system. Australia: Future State of Payments Action Plan Given the rapid and increasing pace of change in payments AusPayNet have conducted a consultation on 'A Future... Continue Reading →

Be our guest

As an ambassador for the Emerging Payments Association (EPA) I would like to invite you to join me as my guest at the EPA's flagship conference PAY360, taking place virtually on the 4th & 5th August. The invite is completely complimentary.  All you need to do is register here using discount code AMB20: https://pay360conference.online-event.co/registration/emerging-payments-2 There are some very exciting... Continue Reading →

The Future of Money Post-Pandemic with Citibank

Catch the Finextra unplugged interview with Tony McLaughlin of Citi. Tony McLaughlin, Emerging Payments and Business Development, Citi, questions whether the popular opinion that the pandemic will encourage the acceleration of both Digital Transformation and the adoption of Digital Currencies. He talks to Hannah Wallace, FinextraTV about the gap between 'Bitcoin Ideology' and actual adoption,... Continue Reading →

The future of cash post COVID-19

Moving the "UK Fintech Week 2020" to an online format was a smart move - especially as it meant that I could join the excellent 'The Future of Cash Post COVID-19" webinar moderated by Natalie Ceeney and supported by Graham Mott and John Howells from LINK (the operator of the UK's ATM network) - all... Continue Reading →

Explore the UK’s payment landscape

At Direct Debit 101 we provide our clients with the knowledge and tools to confidently implement, launch and manage a Direct Debit scheme. As we share our Direct Debit experience with clients we constantly find that there is a significant interest in developing a wider understanding of the UK's changing payment landscape. To compliment our... Continue Reading →

Digitised, frictionless haircuts

I've been cashless for so long that paying for things digitally is no longer a 'thing' but just normal. However, every so often a payment experience is so smooth, integrated and frictionless that the experience evokes a 'wow' moment. Who would have thought that a hair cut in a sleepy coastal Suffolk town would generate... Continue Reading →

Stark reduction in ATM withdrawals

Figures published today by LINK (the operator of the UK’s ATM switch network) report a stark reduction in ATM cash withdrawals. January 2018 saw 228m ATM transactions, in January 2019 this reduced to 209m transactions and last month the number of ATM transactions in the first month of the year fell for the third year... Continue Reading →

Just five current account switching winners

Just five banks achieved a net gain in customers in Q3 2019 according to figures released today (23 January 2020) by Pay.UK, the operator of the Current Account Switching Service. In first place was Nationwide Building Society who gained 25k customers during the quarter closely followed by challenger bank Monzo who gained 21k customers. HSBC... Continue Reading →

For the record

I didn’t recommend ‘For The Record’ by David Cameron in my recommended reading list. However, maybe I should have done as David’s memories of Downing Street includes a memorable shout out to my contribution to the UK’s payments landscape. “Challenger banks like Monzo grew out of the reforms that made it easier for people to... Continue Reading →

P27 in Action: Setting the pace for 2020

From Finextra: Lars Sjögren, CEO, P27 & Liz Oakes, EVP, Market Development, New Payments Platforms, Mastercard, speak at NextGen Nordics: P27 Momentum about moving the Nordics from a fragmented landscape into one platform to improve security and encourage collaboration, the ambition involved in creating this cross-border, multi-currency platform and the importance of transparency around conflicting... Continue Reading →

New podcast from Fintech Insider

Checkout the latest Fintech Insider podcast: Chime quadruples valuation in less than a year (03:30) Robinhood tops 10 million accounts (15:48) Goldman to bring wealth management to the masses (31:32) Paul A Volcker, Former Fed Chairman, Dies at 92 (37:57) SoFi founder raises $100 million for new company (40:40) Andreessen-backed fintech’s ‘abusive’ boss sued for... Continue Reading →

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