FCA and UK payments regulator launch inquiry into ‘risks’ of Paypal, Apple and Google Pay Banking It follows previous work by the PSR on contactless mobile payments and the FCA’s examination of big tech’s role in financial services.
Lopay: SumUp rival eyes profitability this year ahead of Europe and US expansion Fintech London payments start-up Lopay expects to hit profitability in 2024, less than three years after launching, ahead of taking its challenge to bigger rivals like SumUp to new markets in Europe and North America.
FCA rebukes Paypal over ‘unfair’ BNPL terms as sector braces for clampdown BNPL The Financial Conduct Authority said it has forced a number of buy-now-pay-later firms to change “potentially unfair and unclear” terms in their contracts today as it tightens the screws on firms before formally bringing the sector within its remit.