Contactless limit raised to £45 to aid social distancing
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Contactless payment limits will rise from £30 to £45 from April 1 as the UK’s financial and retail sectors take measures to help limit contagion. UK Finance, the British Retail…
The Hut Group partners with Laybuy to offer ‘buy now, pay later’ options across its brands
The Hut Group (THG) has partnered with payments platform Laybuy to offer its ‘buy now, pay later’ service across its brands. Myprotein, Lookfantastic, Glossybox, Illamasqua and The Hut customers will…
Amazon names first business to adopt Just Walk Out tech
Airport retailer OTG is the first retailer to adopt Amazon’s Just Walk Out technology. The first store, a CIBO Express Gourmet Market, is planned to open next week at Newark…
Klarna reaches 7 million UK users
‘Buy now, pay later’ app Klarna Bank AB this week revealed it has now served more than 7 million customers in the UK. The Swedish bank and online financial service…
New Chancellor of the Exchequer to pass cash point law
The new Chancellor of the Exchequer Rishi Sunak is set to unveil a new law to protect the use of cash. Ahead of the Budget this week, Sunak has told…
Alibaba buys minority stake in Klarna
Alibaba has purchased a minority stake in Swedish ‘buy now, pay later’ giant Klarna as the pair embark on a new global partnership. Ant Financial, Alibaba’s payments arm and the…
Klarna posts £87m loss in first deficit since launch
Klarna has posted its first annual loss in its 15-year history despite revenues jumping by almost a third. The Swedish ‘buy now, pay later’ giant saw its profits plummet from…
Tesco launches first ever mainstream cashless store in London
Tesco has opened its first ever mainstream cashless store in London’s High Holborn amid the latest major move towards a cash-free economy. The UK’s largest grocer Tesco opened the cashless…
Digital retail payments backlash reaches UK as chancellor warned cashless society will “put our economy at risk”
The UK’s shift towards a cashless economy is threatening to “leave millions behind or put our economy at risk” as our cash system nears collapse. A new report from a…
JD Sports partners with Laybuy to offer more ‘buy now, pay later’ options
JD Sports has added another ‘buy now, pay later’ (BNPL) scheme to its offering as it partners with Laybuy. Customers can now pay for goods in six interest-free weekly payments…