Dear Subscriber,

According to latest research, the growing penetration of card acceptance and adoption of contactless is expected to help drive the number of card payments worldwide and in our lead story we take a closer look at the figures.

Elsewhere in the newsletter, festivals are seeing the benefits of going cashless, according to new data from Barclaycard that shows the number of non-cash transactions at this year’s British Summer Time festival increased by 80% compared to last year.

We round of the newsletter with the story about a partnership between Pariti and UK P2P lending giant, Zopa.

Enjoy!

Global card payments are growing at twice the rate of the number of cards in circulation as acceptance booms and consumer habits shift away from cash.

Cashless transactions at this year’s British Summer Time festival increased sharply as more small and micro-businesses started to accept card, mobile and contactless transactions, says Barclaycard.

Zopa and Pariti are launching a referrals partnership to help millennials manage debts on credit cards better.

Acquirers face a multitude of challenges in ecommerce today: technology shifting away from legacy systems, fulfilling dynamic merchant needs, fending off the rise of alternative payment methods, deploying solutions for fraud prevention, and many more.