EU’s TIPS makes first payment

The European Central Bank (ECB) just launched a PayPal-like service and it’s called TIPS or TARGET Instant Payment Settlement. Launched last Friday, the cross-border payments platform performed its first transfer between France and Spain.
By FXcompared | | UK | See more in News

Sterling slumps due to Brexit fears

The British pound has continued to suffer throughout the week because of the possibility of a ‘no deal’ Brexit. While there have been no major developments over the weekend, the fear of businesses and government officials has grown.
By Daniel Webber | | UK | See more in News

LeoPay leaves customer accounts frozen

UK-based fintech LeoPay has left its customers’ accounts frozen after the Maltese government’s move to halt activities at a financial institution co-owned by LeoPay’s founder Christo Georgiev. Customers started filing reports over the weekend according to the Financial Times.
By Andrea Barnes | | UK | See more in News

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