A new UK Finance Payment Markets report finds Faster Payments volumes increased by 23% to 3.6 billion from 2020 to 2021. The report looks at the latest payment trends from 2021 and forecasts up to 2031. Contactless payments appear to be a particular area of growth with almost one third of all payments in the

Shares in Adyen fell by more than 10% in morning trading as strong first half revenue growth was offset by squeezed profit margins. Separately, the Dutch payments processor has unveiled its own range of in-house designed terminals. For the first half, Adyen reported net revenue of €608.5 million, a 37% year-on-year rise, and Ebitda of

Lloyds Bank is bringing a 4000-year-old debt instrument into the 21st century, completing the UK’s first transaction using a digital promissory note purchase. Promissory notes have been around for millennia, enabling transactions to be competed in lieu of cash by letting sellers get paid based on the creditworthiness of the purchaser. However, under the UK’s

US Bank-owned payments firm Elavon has hired Visa executive Hemlata Narasimhan as its president in Europe. Narasimhan most recently led the merchant and acquiring business for Visa in Europe, where she oversaw growth in both employee numbers and local presence across several markets. Prior to Visa, she spent almost seven years at American Express in