Dear Subscriber,

Our lead story in this newsletter is all about Americans and mobiles. Over the summer a Gallup poll revealed how the majority of Americans believe cash will die out in their lifetime and more recent figures from Fiserv add to this argument by showing that many are now turning to smartphones for their payment needs. We take a closer look at the data.

Elsewhere in the newsletter, Moneybox, a startup that aims to get millennials to micro-invest their spare change has launched its app in the UK, whilst Nordic payments giant Nets Holdings is planning an IPO in Copenhagen.

We round off the newsletter with a story about the latest data that shows UK contactless payments have overtaken cheques.

Enjoy!

More and more Americans are turning to mobile for their payment needs including banking, bills and money transfers, according to the latest research from Fiserv. The research also touched upon the importance of awareness and education when consumers decide on using new payment methods.

Moneybox, a mobile app that allows users to save and invest their spare change, has launched in the UK.

Nordic payments giant Nets Holdings is planning an IPO in Copenhagen in which it hopes to raise around DKK5.5bn (USD823m).

Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.