Payment Services

Representative experience

Advised major UK payments service providers and 24 continental European providers on the implementation of the Payments Services Directive.

Advised a leading U.S. credit card provider on an international legal compliance review in several jurisdictions, covering more than 20 business activities.

Advised a global bank on plans for a new mobile payments venture in the Middle East, covering international and domestic P2P payments and bulk payments functionality.

Advised Paypal on all aspects of its China business, including making the first-ever application by a non-Chinese company for a payments license to the Chinese central bank.

News

Implementing UK Consumer Duty: Prioritisation, delivering real change, and teamwork are key

25 January 2023

The FCA has published its findings from its review of the Consumer Duty implementation plans of around 60 of the largest retail financial services firms who have fixed FCA supervisory...

Insights and Analysis

UK Consumer Duty – the products and services outcome

23 January 2023

We are seeing a number of notable issues arising for firms in relation to the “products and services” outcome under the Consumer Duty, and which they will need to take into...

News

Global Payments Newsletter, January 2023

23 January 2023

Key developments of interest over the last month include: the UK Treasury publishing a review and call for evidence on the Payment Services Regulations 2017 and a post-implementation review ...

News

New Regulatory Framework for Public Offerings in Brazil Comes Into Force

Registered Content

18 January 2023

In July 2022, the Brazilian Securities and Exchange Commission (Comissão de Valores Mo..

News

UK government reviews Payment Services Regulations and Payment Card Interchange Fee Regulations

17 January 2023

HM Treasury has published a review and call for evidence on the Payment Services Regulations 2017, as well as the outcome of a post-implementation review of the Payment Card...

Insights and Analysis

Consumer Duty: Achieving good outcomes for vulnerable customers

10 January 2023

The new Consumer Duty rules build on the FCA’s vulnerable customer guidance in FG21/1 and place a great emphasis on the fair treatment of vulnerable customers as an integral part of...

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