Challenger bank Virgin Money has launched a buy now, pay later product targeted at the young ‘Gen Z’ market. The Newcastle-based bank says it will enter the buy now, pay later market later this year with its Virgin Money Slyce, which will allow customers to set monthly payments for all of their spending. The firm said Slyce has been designed and aimed at the Gen Z audience – defined as being born...
New current account openings have jumped at Virgin Money driven by demand from personal banking and business customers. The challenger bank – which has its main offices in Newcastle, Leeds and Glasgow – said current account sales rocketed 45% in its third quarter of 2022 as unsecured lending grew 3.8% to £6bn. The rise was driven by card balances thanks to higher retail spending and new digital...
North East challenger bank Virgin Money has launched its first share buyback programme, with the lender set to repurchase up to £75m worth of shares In a stock market announcement the group, which has its head office in Newcastle, said it would buy back shares with an initial repurchase of ordinary shares at 10p each. The buyback is expected to start on June 30 and will end no later than December...