Following a milestone in August, when spending via contactless accounted for 20% of all card transactions in the UK, the technology has reached another: contactless now makes up a quarter of all UK card transactions, according to the latest figures from the UK Card Association (UKCA).
Ford Motor Co and Amazon have announced a collaboration that will see Amazon’s Alexa integrated into Ford vehicles as a voice-activated digital assistant.
ING has partnered with Dutch startup, Whydonate, to create a contactless charity collection box to help keep the charity sector innovative in a time when cash is being used less frequently.
Rakuten Deutschland, a subsidiary of Japan’s largest e-commerce site, has expanded its existing partnership with Wirecard to offer a wider range of payment methods.
University of Strathclyde has launched, what it claims to be the first Financial Technology focused course in the UK. The degree will be an intensive 12-month Masters that will start from September 2017.
A group of Chinese companies and state-owned businesses are partnering to create a new $1.5 billion fintech fund that will focus on mergers and acquisitions, and nurturing fintech enterprises in China.
Moneybox, the smartphone app aimed at getting millennials investing, has launched its service for Android phones, which can be downloaded on Google's Play Store.
It's beginning to look a lot like contactless, everywhere you go. So much so that contactless payments have increased by 166% year-on-year, according to new research from Barclaycard.
Black Friday shopping has been a resounding success in the UK and across the pond in the US, especially online shopping. However, some European countries are still wary about the e-commerce option.
The last few months have been rather exciting for those with an interest in PSD2 and Open Banking. But while we all may privately have hoped developments in open banking and PSD2 might have provided a final level of clarity by now, this is not yet the case.