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| | Dear Subscriber, In today’s lead story, we sit down with Tami Hargreaves, head of digital consumer payments at Barclaycard, and talk about the new bPay Loop that turns watches and fitness bands into payment devices and the increasing ubiquity of contactless payments. We also talk about what this all means for the card rails system and whether the conversation is starting to turn away from “cashless society” to a “cardless society”.
Elsewhere in the newsletter, Berlin-based company building powerhouse Rocket Internet plans to launch a new digital bank for European customers as part of a push on financial services technology, whilst Russia’s Yandex.Checkout has launched QR-code payments.
To round off the newsletter, Paresh Davdra, Xendpay’s CEO writes about the evolution of remittance and what the industry’s future will look like.
| | We speak to Tami Hargreaves, director of Digital Consumer Payments at Barclaycard, about everything from the latest bPay product that turns watches and fitness bands into wearable payment devices to the significance of TfL adopting contactless payments and a future beyond the card rail system. | | | The remittance industry is a constantly evolving one, morphing from a simple cashless bartering system to the more technologically advanced developments that we see in the 21st century, which ironically seems to have taken the industry full circle back to an increasingly cashless society with the advent of fully virtual ‘crypto-currency’ platforms such as Bitcoin. | | | New Products & Technology | | |
Rocket Internet teams up with FinTech Group AG to offer banking services in Europe. | | | Yandex.Checkout, created by Yandex.Money in 2013, which itself is the joint venture of search engine Yandex, has launched QR-Code payments that will allow customers to scan the code through the service’s mobile application. | | | | |