Northern Ireland banknote issuers Danske Bank and Bank of Ireland have announced that they will start circulating polymer banknotes from February 2019. Both banks announced yesterday that they will launch their polymer banknotes on the 27 February 2019. Both will issue a £10 design, and the Bank of Ireland will also issue a polymer £5 note followed by a…
The Bank of England has today started to circulate the new ten pound banknote, a polymer note featuring the novelist Jane Austin. Image courtesy of the Bank of England. It is the second of the new series of polymer banknotes to be issued by the Bank of England, following the release of the £5 banknote on…
The Bank of England has unveiled the design of the new ten pound polymer banknote due to begin circulating on the 14 September 2017. The new polymer banknote is the second of the new series of banknotes to be issued by the Bank of England, following the release of the New Fiver last September. Celebrating the works…
Android Pay, the mobile payment solution from Google, has launched in the United Kingdom. The UK is the second country to offer Android Pay, following its initial launch in the United States in September last year. Android Pay users Over 60% of the UK’s smartphone users own an Android handset. Those running Android 4.4 or higher and fitted with…
A press release issued on the 9th February 2016 has confirmed that the use of the Paym mobile payment service increased by 89% during the second half of 2015 compared with the same period the previous year. Paym allows users to send and receive payments to a current account held at participating banks or building…
The Bank of England has announced that banknote demand for its notes is increasing. In an article released today, the Bank of England confirms that banknote demand is growing faster than nominal GDP. Banknotes with an estimated value of £62.6billion are thought to be in circulation, resulting in the equivalent of £1,000 in banknotes in…
The Royal Bank of Scotland (RBS) has chosen to use De La Rue’s Safeguard® polymer substrate for its new £5 and £10 banknote designs. RBS, which is the second largest issuer of banknotes in Scotland by volume, announced that the new designs for each note will be revealed within the coming months and intends to…
The Bank of England has today announced that the next design of the £20 banknote will be printed on a polymer substrate instead of traditional paper. The announcement was made by Victoria Cleland, the Bank of England’s Chief Cashier, at the Follow the Cash 2015 Conference hosted by the University of the West of England…
From today, shoppers in the UK can make contactless card or mobile payments up to a value of £30 per transaction. Contactless payments are those made without the use of a pin or signature, made by touching a contactless enabled payment card or mobile device against a compatible payment terminal. The limit has gradually risen…
The Royal Mint has today revealed the design of the new one pound coin, which has the same shape as the old 12-sided threepence piece (3d) last used in 1971. The reverse (“tails”) side of the coin has been designed by 15 year old David Pearce from Walsall, who took part in a competition launched…