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The buy-now-pay-later firm has acquired Stockholm-based APPRL, adding to its retailer support expertise.
The CMA9 will have six months to implement variable recurring payments, according to a letter from the CMA to the OBIE’s Imran Gulamhuseinwala.
The new partnership will see Lloyds Bank Commercial Banking use Mastercard’s Open Banking merchant payment solution to launch PayFrom Bank.
During the months of trying Aiia’s payment platform, Velliv experienced that customers preferred paying with their bank account.
In an Open Banking Expo panel debate sponsored by Tribe Payments, panellists including Starling Bank’s Jason Maude and NatWest Group’s Lee McNabb discussed how regulation can level the Open Banking playing field and inspire innovation.
Experian’s Scott Hardiman and Allica Bank’s Conrad Ford discussed the balance to be struck between digital and personal customer journeys in the latest episode of Open Banking Expo TV.
The survey of merchants, banks and payment providers across Europe and the UK comes ahead of the OBIE’s conclusion on its evaluation of sweeping.
The London-based BNPL provider has topped up its Series B funding round, having raised $80m earlier in the year.
The new partnership has been formed to help support the financial needs of the UK SME sector.
The London-based fintech, which will retain its current management team, has been bought to reduce cross-border payments ‘pain points’.
