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).
The increase of ATMs installed away from bank branches is being driven by factors including banks' efforts to be more cost-effective, and the rise of independent ATM deployers, new research from RBR suggests.
IZettle, Square's European rival, has raised €60m ($63.4m) in new funding and has also appointed a new CFO, Maria Hedengren.
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.
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.
Clarity Money, the brainchild of venture capitalist Adam Dell, is a new personal finance app that uses AI and data science to save users money by finding better-priced energy bills, cancelling subscriptions and provide tailored suggestions on things such as credit cards.
Monese, the mobile-only bank aimed at European customers who may struggle to open a bank account in the UK via traditional means, has raised $10m in Series A funding round.
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.
Lloyds banking Group has agreed to pay £1.9 billion for Bank of America's credit card firm, MBNA, in the first acquisition by a UK bank since the 2008 financial crisis.