UK challenger bank Tide has signed a partnership with PayPoint to enable customers to deposit cash directly into their Tide accounts at any of PayPoint’s 29,000 UK retail locations.
Launched in January 2017, Tide is a digital banking service made for small businesses. The bank has more than 30,000 business customers, who now have more control of where and when they can add funds to their account; beyond BACS or Faster Payments.
George Bevis, chief executive at Tide, said: “We know that small businesses need to spend less time banking and more time pursuing their passion. We are constantly looking at new ways to improve their banking experience. For a digital-only bank, the extensive network of physical locations we can now access thanks to PayPoint’s network is hugely exciting.”
Lewis Alcraft, commercial director at PayPoint, added: “The partnership with Tide is significant as it offers its digital-only customers more choice and flexibility. With 99 per cent of the UK population living within one mile of a PayPoint store in urban and five miles in rural areas, our network of stores is a convenient solution; no matter where in the UK they are.”
Latest News
-
UniCredit’s plans to force out Commerzbank shareholders ‘not viable’ says German government source
-
Lloyds launches drive to recruit 300 AI specialists
-
Bank of England proposes eased approach to Basel III market risk framework
-
NatWest launches bank-wide AI and data ethics accreditation for 60,000 staff
-
Atom installs AI-ready platform to reduce commercial lending
-
TD Bank tells some employees it ‘will monitor their work with software’
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories