PAYMENT

Digitalisation of payments accelerates

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Around the world, payments are becoming faster, more efficient and more convenient due to the increasing adoption of digital and mobile technology, says the Bank for International Settlements (BIS) in […]

Chinese regulators torpedo Ant Group listing

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The Shanghai Stock Exchange (SSE) has intervened to halt the public sale of shares in Ant Group, China’s financial technology giant, due to take place later this week. The share […]

China tech magnate slams global banking rules

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Jack Ma, the co-founder and chairman of Chinese technology giant Alibaba, has attacked the Basel regulatory framework for the global banking system, calling it a hindrance to development. The Basel […]

Financial data-sharing leaps ahead in the UK

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Open banking—which allows consumers to link savings, budgeting and faster payments apps with their bank accounts—is leaping ahead in the UK. But consumer protection standards may need to jump to […]

No-refund complaints soar with Covid

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When the UK imposed its first coronavirus lockdown on 16 March, some consumers found they couldn’t get their money back for services they had paid for but were no longer […]

How safe is e-money?

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Earlier this month, the governor of the Bank of England made it clear that customers of electronic money (e-money) firms are less protected against a corporate collapse than customers of […]

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