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Monitise is stepping back from the auction block and letting go of co-CEO Alistair Lukies after failing to find the right buyer.
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The arrival of digital banking apps and the Faster Payment System are making it easier for customers to move their money. But this could make banks more vulnerable to a run on deposits, financial institutions and regulators have agreed.
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MasterCard is to roll out a new MPOS device project to help micro, small and medium-sized businesses in Nigeria accept digital payments.
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A new partnership between Western Union and mass payment platform Hyperwallet will seek to ease the cross-border transaction process for B2C customers.
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Thanks to a transfer error, a NatWest banking customer from Barnsley found an unexpected £1 million in his savings this week – but chose to give it back.
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