Dear Subscriber,

Millennials have no patience for mobile sites/apps that slow down their payment experience, according to a new survey. Elsewhere, Coinbase has released a new Bitcoin Visa debit card, BBVA became the majority shareholder in UK’s digital-only Atom Bank and we’re about to witness the creation of the largest ATM company in the world. Finally, emerging markets are showing companies the inherent risks of setting up mobile money systems.

E-commerce retailers must up their game if they are to live up to people’s mobile shopping expectations, with 50 per cent of millennials smartphones/tablets users saying they would shop elsewhere if a mobile site or app failed to load in three seconds or less.

Bitcoin is set to get a mainstream boost as Coinbase, one of the largest bitcoin wallet firms in the US, has partnered with Shift Payments to release a Bitcoin Visa debit card.

BBVA, Spain’s second-largest bank, has invested £45m in Atom Bank, UK’s first digital-only financial institution, to become the Durham-based lender’s biggest shareholder.

US ATM manufacturer Diebold is in talks to acquire its European peer, Wincorf Nixdorf, for $1.8 billion in a move that will see the creation of a company that will be the world’s largest maker of cash machines, overtaking NCR.

A recent blog post in the Financial Times, closely examined the progress of Mpesa, the digital money system launched in Kenya by Vodafone-owned Safaricom, and used it to trace out a larger picture of the mobile money systems.