Dear Subscriber,

Britons are now carrying less than £5 in cash in their wallets as newer payment methods such as contactless cards and smartphones become more and more popular.

Across the pond, America’s First Data and Alipay are hoping for the same outcome as the two companies partner to allow Chinese tourists to use Alipay’s QR-code payments in the US, just like they do back home.

Elsewhere in the newsletter, Visa is working with Intel on payments, security and the Internet of Things while we have more coverage from Money20/20 Las Vegas!

Enjoy!

Britons are now carrying less than £5 in their wallets as newer payment methods such as contactless cards and smartphones become more and more popular, new research finds.

Judges have picked Clever as the overall winner of the Money 20/20 Hackathon 2016 taking place in Las Vegas.

Starting from November, the Chinese mobile payments giant Alipay will be available to Chinese consumers in California and New York.

Visa is working with Intel to bring payment and data security technologies to connected devices