Dear Subscriber,

Mobile banking and payments are going from strength to strength as a survey finds that the number of people who use mobiles for banking services around the world has increased from 41% in 2015 to 47% in this year. Even the majority of those who aren’t currently using them reveal they expect to do so in the next 12 months. The uptake in the UK was particularly impressive, coming only behind the Netherlands in terms of adoption.

Britain is also about to get a wearable payments boost with Barclays launching its fourth bPay product called Loop, which can turn any watch or fitness band into a contactless payment device.

Over in the US, supermarket giant Walmart has just launched its payments app nationwide, meaning that customers can use their smartphones to check out in 4,600 stores across the country.

Enjoy!

The number of people who use mobiles for banking services has increased from 41% to 47% in 2015, according to an annual survey by ING. Furthermore, this increase is expected to continue in the future as just under two-thirds of European respondents (63%) expect to use mobile banking in the next 12 months.

Barclays is adding a fourth product to its bPay contactless range, which will turn watches or fitness bands into a contactless way to pay.

US supermarket giant Walmart has just launched its payments app nationwide, meaning that customers can use their smartphones to check out in 4,600 stores across the country. The firm will be looking to replicate the phenomenal success of coffee chain Starbucks’ loyalty and payments app, which has proven the potential for retailers to own a big piece of the pie in mobile payments.

According to new research commissioned by global payments provider TNS, more than a quarter (28%) of people aged 25 to 34 have already made a biometric payment, and are leading the way in the take up of this new technology.