Britons have managed to spend £11.5 billion online in August, with the number of card transactions made on the internet increasing by 20 per cent in the past year, according to the latest figures from The UK Cards Association.

Amazon is planning to open a physical store in its hometown of Seattle that will sell books the old-fashioned way. But why has it decided to experiment with offline now?

The financial services corporation is working with the Silicon Valley startup to allow people to pay for their Airbnb stays using AmEx Loyalty points.

The Amazon rival raised $500m in a round led by Fidelity Investments, meaning the company will now be valued at $1.5 billion.

Investments in financial technology across the Asia-Pacific region surged in 2015 – from about $880m in all of 2014 to nearly $3.5 billion in just the first nine months of 2015, according to a new report by Accenture.