The fraud-liability discount on UK payment firms just got smaller
On 1 July 2026 the Payment Systems Regulator published an independent review of the Authorised Push Payment fraud reimbursement rules. It changes…
Selling a cross-border payments business: what now sets the price
If you are selling a cross-border payments business in 2026, the thing a buyer pays for has changed. For years, speed sold.…
What a payment firm is worth: the lesson in a $625m deal
Most SPI and API owners set their asking price on two things: last year’s revenue and a growth story. That is not…
Dormant SPI and API licences are being cancelled: it’s time to capitalise on your asset
If you hold a UK payment licence you are not using, you are holding an asset with a shelf life. The FCA…
Euro Exchange Securities: buying a licence still beats applying, if you check what holds it
Applying for your own FCA authorisation can take more than a year, with no guarantee you are approved. Buying an authorised firm…
FCA change of control: the gate that decides payment-institution deals, not the price
In a UK payment institution deal, the price is rarely the thing that stops it. FCA change of control is. A buyer…
Buying a UK payment institution in 2026: what buyers actually pay for
When you buy a UK payment institution, you are not mainly buying its revenue. You are buying its FCA permission and what…
What two June failures tell SPI and API owners about the real value of an FCA licence
Two FCA-regulated payment firms lost the ability to operate within a week of each other. For anyone buying or selling an SPI,…
The licence is the asset: what a clean SPI or API authorisation is worth in 2026
The most valuable thing in a UK payment firm sale is often the part that does not show up in the accounts.…
Buying or Selling a Payment Institution in UK: The Complete Guide for 2026
When you're ready to buy or sell a payment institution in the UK, you're making one of the biggest decisions in fintech.…