FLEETCOR UK today announces that it has made a follow on investment into Mina, the cloud-based digital software platform that simplifies home charging and payments management for commercial fleets with electric vehicles.
The exponential growth in e-commerce and the impact of the pandemic have fuelled the rise of ‘Buy Now Pay Later’ (BNPL), making it one of the biggest retail trends in 2021. This is set to continue in 2022, with new players entering the market and new partnerships and acquisitions being established.
BNPL has largely been driven by consumer appeal, easy availability and the promise of no interest and no fees – if payments are made on time. It is popular across all demographics for different reasons but has especially gained traction among millennials and Gen Z consumers as a means of financial empowerment. For consumers, it provides an easily accessible method of borrowing, instant gratification, a flexible returns policy and the ability to manage finances by spreading the cost of purchases over an agreed period.
This book provides an overview and practical examination of key areas of payments law and regulation in the EU and UK, as well as introductions to analogous legal regimes in the United States, Hong Kong, Singapore and sub-Saharan Africa. It is an important resource for lawyers and compliance officers in the payments sector. For more information go to https://www.e-elgar.com/shop/isbn/9781839107979
PAYMENT’S disruptor DigiDoe has won a place on a prestigious scale-up programme backed by the Major of London, which will help the London-based startup expand internationally. It comes as DigiDoe’s co-founders closed the second tranche in an initial institutional investment round with just under £1m in fresh funding. It gives the business a 12-month runway to develop its proprietary software, hire key personnel and expand in to Europe and the US.
Until recently, banks didn’t need to change, until the digital evolution unfolded and customers began to expect innovation and immediacy.
It’s natural for banks and fintechs to view one another as competitors. However, a partnership between these two types of entities unlocks immense benefits.
The global pandemic has caused an acceleration in the adoption of new payment methods such as BNPL and Crypto but to what extent depends on geographical region.
Crown Agents Bank: Transforming Cross-Border Payments through Digitalisation (Podcast)
