Lloyds Bank customers banned from buying Bitcoins on credit cards
There is a good chance that you have heard or read about Bitcoin. It has been reported by the Guardian that Lloyds Banking Group have now banned customers from purchasing the cyrptocurrency on credit cards. The Guardian also reported that a spokesperson for Lloyds commented “Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do […]
How social media is improving banking in Africa
80% of Africa’s population do not have a bank account or access to formal financial services. With the formal banking industry in the continent being unsuccessful, mobiles and web-based services are stepping in to fill the gap.
RBS and Natwest to refund former students who overpaid for overdrafts
The Royal Bank of Scotland Group announced this week that current and former RBS and Natwest student account holders will learn by November 1st if they are owed compensation or not.
UK banks ordered to launch technological revolution
Following a two year inquiry, this week Britain’s High Street banks have been ordered by the Competition and Markets Authority to launch a technological revolution.