Millennials may not be as mobile-savvy as we had previously thought. A recent YouGov poll revealed that 15 per cent of Britain’s 18-34 year-olds who own a smartphone admit to having never used their smartphones for anything shopping related.

CurrentC, a mobile payment application developed by Merchant Customer Exchange, is set to be released in August after nearly three years in development.

Bango plc, a mobile payments company headquartered in Cambridge, UK, has completed seven mobile payment agreements with Mobile Network Operators across Asia. This includes launching carrier billing routes for Indosat and XL in Indonesia, and Taiwan Star in Taiwan.

Atom, the UK’s first digital-only bank, has chosen financial services developer Intelligent Environments to underpin its digital platform.

PayPal has partnered up with TransferTo, an airtime remittance company, to provide mobile airtime top up in Canada.

With the recent launch of Apple Pay, many commentators have been suggesting the end is nigh for cash and coins. However, Royal Mint has revealed today that the demand for coins rose in the past year.