For the first time in 13 years, ATM withdrawals have increased in the U.K. According to the building society Nationwide, which operates a network of over 1,200 ATMs in the country, cash withdrawals increased by 19% in 2022, the first yearly increase in over a...
The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up by the country’s main banks and building societies to promote the development of shared banking hubs across the country. According...
Today in Europe, the Middle East and Africa, FTFT launched the Orbit eWallet for Chinese students studying in the U.K., and Nationwide Building Society announced that it has recruited Moneyhub to help facilitate open banking payments for customers opening a savings account. FTFT UK Develops...
The U.K.’s Nationwide Building Society announced Thursday (Aug. 25) that it is deploying the open finance platform Moneyhub, giving customers the ability to open a savings account and fund it straight away. Nationwide is currently a minority stakeholder in Moneyhub. Previously, Nationwide customers members would...
January 17, 2023
For the first time in 13 years, ATM withdrawals have increased in the U.K. According to the building society Nationwide, which operates a network of over 1,200 ATMs in the country, cash withdrawals increased by 19% in 2022, the first yearly increase in over a decade. While the 30.2 million withdrawals nationwide recorded is still […]
March 07, 2024
The U.K. bank Nationwide Building Society is set to acquire Virgin Money for $2.7 billion. The boards of the two companies reached a preliminary agreement to the deal on Thursday (March 7), saying their merger would make them Great Britain’s second-largest provider of mortgages and savings. “The combination of our businesses would put us in a stronger position to continue […]
December 19, 2022
The U.K.’s major banks have joined forces to protect consumers’ access to cash. A new nonprofit company called Cash Access UK has been set up by the country’s main banks...
August 25, 2022
The U.K.’s Nationwide Building Society announced Thursday (Aug. 25) that it is deploying the open finance platform Moneyhub, giving customers the ability to open a savings account and fund it...
December 21, 2021
British lender Nationwide Building Society said Tuesday (Dec. 21) that inbound and outgoing payments have been delayed all day, and there’s no sign of when the problems will be resolved,...
