Nearly half of British 18-30-year-olds have banked on a wearable device since the launch of Apple Watch, with London being the most active region for wearable banking, closely followed by Northern Ireland and Yorkshire, according to new research from Intelligent Environments.

It appears as if eBay’s first post-PayPal split quarter has gone better than expected, even though the company has revealed its revenue fell by 2.4 per cent to $2.1 billion from $2.15 billion last year.

An automated kiosk that exchanges over 150 currencies into pounds is about to be introduced in London, with the first machine being set up at King’s Cross Station next week.

SumUp, the mobile point of sale (mPOS) startup, has expanded its mobile payments platform to the United States to capitalise on the recent nationwide shift to EMV technology.

The personal finance startup has added another banking heavyweight to its board of directors, raising $5m in the process.

Sweden is on track to become the world’s first cashless society, thanks to the country’s adoption of IT and mobile payment systems, according to a study from Stockholm’s KTH Royal Institute of Technology.