A recent survey, ‘According to Response Source,’ has found that most online shoppers are aged 18-24, it has been reported. The survey also found that a third of those shopping online would rather have the opportunity to pay by cash rather than use their card.
The UK’s leading Direct Debit service provider, SmartDebit, was surprised by the results. A representative explained: “Recent reports have always suggested that we are moving towards electronic and automated payments, yet this suggests that the younger generation who are often regarded as tech savvy – are most reluctant. This does come as a surprise, however if you study the findings in more detail, these are the demographic group that are least likely to have credit cards which are the most commonly used payment online.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.