Consumer card spending grew just 1.9 per cent year-on-year last month, significantly lower than the latest CPIH inflation rate of 4.2 per cent and the smallest growth since September 2022.
25th March
In the press
Second charge mortgage new business volumes grew by 2% in January 2024
The second charge mortgage market reported a second consecutive month of new business volumes growth and the first growth in the value of new business since June 2023
20th March
In the press
First-time buyers stretching mortgage repayments as 35 years mortgages rise
Almost one in five first-time buyers (FTB) are now stretching their mortgage repayments over 35 years, according to new figures from UK Finance.
18th March
In the press
Credit card complaints hit all time high
Latest data from the Financial Ombudsman Service (FOS) has found that credit card complaints reached a record high in Quarter 4 2023, with consumers lodging 5,660 complaints.
14th March
In the press
NatWest ditches BNPL
British bank NatWest is killing off its buy now, pay later (BNPL) service less than two years after launch.
11th March
In the press
‘Transformative’ or ‘Tough’: What Sort of Year Will BNPL Have in 2024?
Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible.
20th February
In the press
Consumer card spending grew by 3.1% in January
Consumer card spending grew 3.1 % year-on-year in January, less than the latest inflation rate of 4.2 %, yet higher than December’s growth of 2.3 %. according to latest analysis by Barclays.
13th February
In the press
Consumer Borrowing Fell Sharply in December
Latest Bank of England (BoE) data has shown that consumer borrowing dropped sharply in December, suggesting the UK economy probably slipped into recession at the end of last year.
05th February
In the press
Enhancing Retail Customer Engagement
In today’s retail battleground, it’s all about forging deep connections with customers. This isn’t just about sales; it’s about building loyalty, ramping up purchases, and turning customers into brand...