With the launch of Android Pay this week, it was inevitable that the conversation would turn to cash. How would it fare against not only the penetration of Apple’s payment service, but now another 25m-30m phones figure from analysts at IHS) that work with Google’s payment service?
In the infographic below from MBNA, the credit card provider’s head of Innovation, Gary Watts, says cash payments could decline by as much as 50% in the next ten years, exacerbated potentially by the introduction of yet another mobile payments service, Samsung Pay. That’s not mentioning the likelihood of a massive improvement of our network/wifi coverage. Something that small businesses are very vocal about.
Loot, the smartphone banking app aimed at helping millennials stay on top of their finances, has finally launched this week and started to open accounts of the 25,000 people on its waiting list.
Amazon have recently launched their new in-store innovation service, Amazon Go.
Google's Android Pay is getting into the festive spirit in the UK by introducing some Christmas rewards on its payment app. It also announces better interaction with Transport for London and Uber.
Mastercard partners with Apple on Apple Pay’s Spain launch and rolls out selfie payments in Latin America
The American tech giant has launched its mobile payment service, Apple Pay, in Spain, partnering with Mastercard, Carrefour and American Express.