UK digital bank Mondo has received its banking license from the Financial Conduct Authority and Prudential Regulation Authority. Mondo launched as a ‘beta’ in February 2015, and offers customers a pre-paid account entirely managed through its app for iOS and Android. 30,000 of its cards are ...
Mobile-first banking service Mondo is being forced to change its name following a trademark dispute, and has taken the unusual step of letting its customers choose what the service should be called. The company claims it carried out a trademark ...
The Payment Systems Regulator (PSR) has announced that the UK payments infrastructure is outdated and in need of serious reforms in order to better meet consumer needs and increase competition between financial institutions. The announcement comes at the end of ...
For the second year in a row, Lloyds Bank has received the highest score in Forrester‘s review of UK mobile banking functionality, achieving a score of 77 out of 100 in an evaluation that covers more than 40 criteria. Lloyds ...
Google has announced that from next month, ads for payday loan companies and some related businesses will no longer be allowed on its advertising ecosystem, as the tech giant attempts to limit the influence of companies that it has branded ...
Payments platform PayPal and financial firm Visa have announced a strategic partnership that will see the two companies aim to consolidate their mobile payments offering, enhancing their security and growing the audience. According to Visa, the partnership will result in ...
347m payments were made using mobile banking apps in the UK during 2015, according to a BBA report. That’s narrowly ahead of online banking on desktop, which processed 417m payments, but mobile is growing much faster – up 54 per cent year-on-year, ...