In April, the number of debit cards in the UK passed the 100 million milestone, marking an increase of 2.7% from 2015, according to The UK Cards Association. We took an in-depth look at how debit cards have performed in the last 12 months. *|MC:SUBJECT|*
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5th July 2016
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Dear Subscriber,

We may have been celebrating the credit card’s 50th anniversary in June, but the debit card recently hit a milestone of its own. In April, the number of debit cards in the UK passed the 100 million mark, an increase of 2.7% from 2015. In our lead article we take an in-depth look at the latest data on how we pay with debit cards in the UK.

Elsewhere in the newsletter, we cover the launch of a new Stripe product that makes it possible for startups looking to build the next tech unicorn out of Stockholm, London or Dublin to access 1 billion potential buyers and sellers around the globe via the 25 markets where the company now operates.

Enjoy!

Headline News
 

In April, the number of debit cards in the UK passed the 100 million milestone, marking an increase of 2.7% from 2015, according to The UK Cards Association. We took an in-depth look at how debit cards have performed in the last 12 months.

How we pay in the UK: debit card number hits 100 million for the first time
 
Insights in Focus
 

Entrepreneurs building marketplaces and other sharing economy businesses out of the UK, Ireland and Nordic markets will find it easier to scale internationally, sign up new sellers and handle increasingly complex payments as Stripe Connect launches in these regions.

Stripe is making it easier for UK, Irish & Nordic marketplaces scale globally
 

Nets, the payments provider in the Nordic region, is working with Danish banking collective, the BOKIS partnership, to launch a new NFC mobile wallet solution powered by its HCE and tokenisation platform.

Danish payments provider Nets partners with 62 banks on mobile payments
 
Interview
 

If you think innovation in consumer cross border payments has been big, just wait for the business-to-business (B2B) side of the equation. Speaking at Money 20/20 Europe as part of The Bancorp’s Finetics™ Studio interview series, CEO Mike Laven talks about what’s next for cross-border payments.

Currency Cloud CEO talks next generation B2B payments
 
More Insights More Insights
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