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As a testament to the incredibly fast-paced nature of payments, despite it still being the first week of 2016, over the last few days the industry has seen figures showing that contactless cards now make up 10 per cent of all card transactions, the unveiling of a fridge that allows you to order and pay for food and MasterCard’s doubling down on powering wearable payments. Elsewhere, we spoke to Phil Campbell, the founder of Kerv, the contactless payment ring, about his product, the Apple Watch and Kickstarter. Finally, we consider what 2016 will have in store for ATMs.

Here Joseph Chan, CEO of AsiaPay, tells PaymentEye why Asia is on the verge of a payments boom and what trends providers should be paying attention to.

PaymentEye recently caught up with Phil Campbell, founder of Kerv, the contactless payment ring that first made waves on Kickstarter at the end of 2015. We spoke about how the idea for the ring came about and how it fits into the current wearable market.

At the Las Vegas Consumer Electronics Show, MasterCard introduced ‘Groceries by MasterCard’, a new app which enables consumers to order groceries directly from Samsung’s new Family Hub refrigerator.

According to new data from research firm RBR, global ATM cash withdrawal volumes grew by 7 per cent in 2014 with a total of 92 billion made. That figure is predicted to jump to 104 billion at the end of this year, and 128 billion by 2020.

First it unveiled the Smart fridge that enables consumers to order groceries directly from Samsung’s new Family Hub refrigerator, and now MasterCard has partnered with Coin to bring payments to fitness bands, smart watches and other wearable devices.