Cash was used in under 50% of all retail transactions across the UK in 2015, according to the British Retail Consortium’s annual Payments Survey. *|MC:SUBJECT|*
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22nd September 2016
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Dear Subscriber,

This newsletter is all about decline in the UK and growth around the world. More specifically, decline of cash in the UK and global growth of digital transactions volume. Cash usage in UK retail transactions has dropped by five percentage points year-on-year according to new research, while digital payment volumes are continuing to increase with annual growth projected to top 10% for the first time.

Elsewhere in the newsletter are the highlights from TALKINGTECH’s inaugural Future of Payments event and Metromile’s $191.5m funding round.

Enjoy!

Headline News
 

Cash was used in under 50% of all retail transactions across the UK in 2015, according to the British Retail Consortium’s annual Payments Survey.

Cash decline in retail caused by contactless and lower fees, says new survey
 
Insights in Focus
 

It should come as no surprise that digital payment volumes are continuing to increase with annual growth projected to top 10% for the first time to reach 426.3 billion transactions, according to the new World Payments Report (WPR) from Capgemini and BNP Paribas.

China ahead of UK in digital transaction volumes
 

Identity, biometrics, fraud, and the payments user experience were the topics discussed at TALKINGTECH’s inaugural Future of Digital Payments and Collections event this week.

Friction, identity and payments - highlights from TALKINGTECH's inaugural Future of Payments Event
 

Metromile has just landed nearly $200m in Series D funding for its auto insurance payments platform.

Metromile lands $191.5m funding to rethink auto insurance payments
 
More Insights More Insights
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